Cera Sanitaryware Ltd's Q3FY19 standalone net profit rises 22.9% yoy to Rs28.36cr : In-line with Estimates

The company’s standalone revenue stood at Rs318.83cr, up 9.61% yoy.

Jan 29, 2019 03:01 IST India Infoline Research Team

Cera Sanitaryware Ltd Q3FY19

Standalone Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 318.83 9.6
EBITDA 45.95 13.2
EBITDA Margin (%) 14.4 45
Net Profit 28.36 22.9
***EBITDA margin change is bps

Cera Sanitaryware Ltd reported Q3FY19 results in-line with the estimates. Revenue grew by 9.6% yoy to Rs318.83cr against Rs290.88cr in Q3FY18. EBITDA for the quarter grew by 13.2% yoy to Rs45.95cr against Rs40.61cr, in-line with the estimate of Rs46cr. EBITDA margin grew by 45bps yoy to 14.4%. Net profit for the quarter grew by 22.9% yoy to Rs28.36cr against Rs23.08cr last year, almost in-line with the estimate of Rs27cr.

• Finance cost declined by 48.5% yoy to Rs0.65cr in Q3FY19 against Rs1.26cr in Q3FY18.

Technical View:

Cera Sanitaryware Ltd ended at Rs. 2,508.55, up by 16 points or 0.64% from its previous closing of Rs. 2,492.55 on the BSE.
The scrip opened at Rs. 2,486.30 and touched a high and low of Rs. 2,567.65 and Rs. 2,419.95 respectively. A total of 11,544 (NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

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