Gujarat based Cera Sanitaryware Limited, has reported a net sales income of Rs 824.8mn and a net profit of Rs 79.5mn for the third quarter ended December 31, 2011.
This reflects a growth of 38 % over growth in income over what was achieved in Q3 ended December 31, 2010. The EBIDTA for the period has totaled Rs 152.9mn recording an increase of 16.57 % over EBIDTA of Rs 131.1mn registered during October December 2010.
The profit before tax for the period amounted to Rs 122.8mn as against PBT of
Rs 108.4mn for the third quarter in 2010-11. The net profit after tax for Q3 has totaled Rs 79.5mn compared to Rs 72.4mn in the same period in 2010.
For nine months of current fiscal (April-December 2011) ending in March the company’s net sales income has amounted to Rs 220.41 crores compared to Rs 1674.2mn during April-December 2010 a jump of 31.65% The net profit for this period has amounted to Rs 225mn as against Rs 193mn for April-December 2010, reflecting an increase of 16.5%
CERA which was launched in 1980 has grown strongly since then and has emerged the third big player in sanitaryware market with impressive growth every year, which was also aided by the successful execution of two expansion projects.
The first expansion was the commissioning of its Faucetware plant that paved the way for its entry into market for taps. The second expansion has augmented CERA’s manufacturing capacity from 2 million to 2.7 million pieces annually, an increase of up to 35%. The two expansions have made CERA emerge as total bathroom solutions provider.
The earnings per share of CERA at the end of have worked out to Rs 6.28 per share for Q3. The EPS for Q3 in 2010 was Rs 6.05 per share.