CERA SANITARY Announces Quarterly Results (1QFY21); Net Profit Down 84.7%

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CERA SANITARY Announces Quarterly Results (1QFY21); Net Profit Down 84.7%
Thu, 20 Aug

CERA SANITARY has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

CERA SANITARY Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m2,6742,9321,426-51.4%-46.7%
Other incomeRs m29436961.8%135.6%
TurnoverRs m2,7032,9751,495-49.8%-44.7%
ExpensesRs m2,3212,5081,360-45.8%-41.4%
Gross profitRs m35242466-84.3%-81.2%
DepreciationRs m779181-10.3%5.8%
InterestRs m111210-13.7%-12.3%
Profit before taxRs m29336444-87.9%-85.0%
TaxRs m102-2015-85.5%
Profit after taxRs m19138529-92.4%-84.7%
Gross profit margin%13.214.54.7
Effective tax rate%34.9-5.633.9
Net profit margin%7.112.91.9
* 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 46.7% on a year-on-year (YoY) basis. The expenses were down by 41.4% YoY during the same period.
  • The company's operating profit declined by 81.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.7% in 1QFY21 as against 13.2% in 1QFY20.
  • Depreciation charges increased by 5.8% and finance costs declined by 12.3% YoY, respectively.
  • Other income increased by 135.6% YoY during the quarter.
  • Net profit for the quarter declined by 84.7% YoY. Net profit margins during the quarter declined from 7.1% in 1QFY20 to 1.9% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 51.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 45.8% QoQ during the same period.
  • The company's operating profit declined by 84.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.7% in 1QFY21 as against 14.5% in 4QFY20.
  • Net profit for the quarter declined by 92.4% QoQ, while net profit margins declined from 12.9% in 4QFY20 to 1.9% in 1QFY21.

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 2,460.3 to Rs 2,433.0, registering a Loss of Rs 27.3 or around 1.1%.

Overall, the S&P BSE SENSEX is up 2.5% over the year.

Current Valuations

At the current price of Rs 2,433.0, the price to earnings (P/E) ratio of CERA SANITARY stands at 30.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.4 times.

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