The shares of the leading sanitaryware product manufacturer gained up to 6 percent after the company’s net profit and revenue increased by 47 percent and 24 percent QoQ, respectively, fourth quarter.
With a market capitalization of Rs 9,260.18 crore, the shares of Cera Sanitaryware Ltd were trading at Rs 7,120.00 per share, increasing around 5.53 percent as compared to the previous closing price of Rs 6,746.85 apiece.
Looking into the company’s performance, Cera Sanitaryware Ltd’s revenue increased by 24 percent on a quarter-on-quarter basis from Rs. 454.89 crore in Q3FY24 to Rs. 564.52 crore in Q4FY24. Further, revenue increased by 4 percent year on year, from Rs. 544.72 crore in Q4FY23 to Rs. 564.52 crore in Q4FY24.
Cera Sanitaryware Ltd’s net profit increased by 47 percent on a quarter-on-quarter basis, from Rs. 51.52 crore in Q3FY24 to Rs. 75.70 crore in Q4FY24. Further, net profit increased by 20 percent year on year from Rs. 63.16 crore in Q4FY23 to Rs. 75.70 crore in Q4FY24.
The company’s profitability measures show an incline in return on equity (RoE) from 14.88 percent in FY 21-22 to 17.85 percent in FY 22-23, while, during the same period return on capital employed (RoCE) increased from 19.66 percent to 23.06 percent. In contrast, the net profit margin (NPM) was 11.70 percent in fiscal year 22-23.
In the company’s recent shareholding pattern, promoters own 54.48 percent while Retail shareholders own a 16.98 percent stake in the company and domestic Institutional Investors own a 6.61 percent stake.
Cera Sanitaryware Limited manufactures, sells, and trades construction supplies. It also owns nonconventional wind and solar electricity for captive usage in Gujarat. Its products and services include sanitaryware, faucets, tiles, bathroom accessories, and related items.
Written by;- Abhishek Singh
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