Somany Ceramics net consolidated total income stood at Rs 614.95 crore in Q3 FY24, a dip of 1.85 per cent from Rs 626.51 crore it registered in the similar quarter last year.
"Due to the challenging macroeconomic conditions and the ongoing geopolitical risks, the building construction industry is expected to decline overall in the current year," Geberit said.
Reckless abandonment of legacy companies of yesteryears may have worsened the general high unemployment rate and dwindling revenue in the five Southeast states.
Somany Ceramics net consolidated total income stood at Rs 659 crore in Q2 FY24, a growth of 6.18 per cent from Rs 620.67 crore it recorded in the similar quarter last year.
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