Cera Sanitaryware Ltd's Q1FY19 standalone net profit rises 6.33% yoy to Rs20.51cr: In-line with Estimates

The company’s standalone revenue stood at Rs280.70cr, up 19.67% yoy.

Aug 09, 2018 12:08 IST India Infoline Research Team

Cera Sanitaryware Ltd Q1FY19

Standalone Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 280.70 19.7
EBITDA 35.29 6.6
EBITDA Margin (%) 12.6 [154]
Net Profit (adjusted) 20.51 6.3
***EBITDA margin change is bps

Cera Sanitaryware Ltd reported Q1FY19 results in line with the estimates. Net revenue grew by 19.7% yoy to Rs280.7cr against Rs234.56cr in Q1FY18, in line with the estimates (Rs270cr). EBITDA for the quarter grew by 6.6% yoy to Rs35.29cr against Rs33.09cr. EBITDA margin declined by 154bps yoy to 12.6%. Net profit for the quarter grew by 6.3% yoy to Rs20.51cr against Rs19.29cr last year, in line with the estimate (Rs21cr).

• Finance cost declined by 34.1% yoy to Rs0.59cr against Rs0.9cr.

Technical View:

Cera Sanitaryware Ltd ended at Rs. 2,933.45, down by 120.45 points or 3.94% from its previous closing of Rs. 3,053.90 on the BSE.
The scrip opened at Rs. 3,098.95 and touched a high and low of Rs. 3,130 and Rs. 2,900 respectively. A total of 69,569 (NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

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