CERA SANITARY Announces Quarterly Results (1QFY20); Net Profit Down 7.0%

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CERA SANITARY Announces Quarterly Results (1QFY20); Net Profit Down 7.0%
Fri, 2 Aug

CERA SANITARY has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

CERA SANITARY Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,8074,1312,674-35.3%-4.8%
Other incomeRs m195729-48.6%50.6%
TurnoverRs m2,8264,1882,703-35.5%-4.4%
ExpensesRs m2,4543,4932,321-33.5%-5.4%
Gross profitRs m353638352-44.8%-0.2%
DepreciationRs m50677714.9%54.4%
InterestRs m61511-23.6%93.6%
Profit before taxRs m317613293-52.2%-7.4%
TaxRs m112233102-56.0%-8.1%
Profit after taxRs m205380191-49.9%-7.0%
Gross profit margin%12.615.413.2
Effective tax rate%35.237.934.9
Net profit margin%7.39.17.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 4.8% on a year-on-year (YoY) basis. The expenses were down by 5.4% YoY during the same period.
  • The company's operating profit declined by 0.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 13.2% in 1QFY20.
  • Depreciation charges increased by 54.4% and finance costs increased by 93.6% YoY, respectively.
  • Other income increased by 50.6% YoY during the quarter.
  • Net profit for the quarter declined by 7.0% YoY. Net profit margins during the quarter declined from 7.3% in 1QFY19 to 7.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 35.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 33.5% QoQ during the same period.
  • The company's operating profit declined by 44.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.2% in 1QFY20 as against 15.4% in 4QFY19.
  • Net profit for the quarter declined by 49.9% QoQ, while net profit margins declined from 9.1% in 4QFY19 to 7.1% in 1QFY20.

To see how CERA SANITARY has performed over the last eight quarters,please visit here.

CERA SANITARY Share Price Performance

Over the last one year,CERA SANITARY share price has moved down from Rs 2,826.8 to Rs 2,388.7, registering a Loss of Rs 438.1 or around 15.5%.

Overall, the S&P BSE SENSEX is down 2.3% over the year.

Current Valuations

At the current price of Rs 2,388.7, the price to earnings (P/E) ratio of CERA SANITARY stands at 26.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.0 times.

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