CERA SANITARY Announces Quarterly Results (3QFY21); Net Profit Up 2.5%

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CERA SANITARY Announces Quarterly Results (3QFY21); Net Profit Up 2.5%
Wed, 3 Feb

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

CERA SANITARY Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m3,2133,1793,098-2.5%-3.6%
Other incomeRs m433985116.1%97.7%
TurnoverRs m3,2563,2183,183-1.1%-2.2%
ExpensesRs m2,7842,7742,701-2.6%-3.0%
Gross profitRs m429405397-1.9%-7.5%
DepreciationRs m8083840.6%4.7%
InterestRs m119102.3%-10.7%
Profit before taxRs m38135138910.7%1.9%
TaxRs m98889810.7%0.1%
Profit after taxRs m28426329110.7%2.5%
Gross profit margin%13.412.712.8
Effective tax rate%25.625.225.2
Net profit margin%8.78.29.1
* 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 3.6% on a year-on-year (YoY) basis. The expenses were down by 3.0% YoY during the same period.
  • The company's operating profit declined by 7.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 12.8% in 3QFY21.
  • Depreciation charges increased by 4.7% and finance costs declined by 10.7% YoY, respectively.
  • Other income increased by 97.7% YoY during the quarter.
  • Net profit for the quarter increased by 2.5% YoY. Net profit margins during the quarter increased from 8.7% in 3QFY20 to 9.1% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.6% QoQ during the same period.
  • The company's operating profit declined by 1.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.8% in 3QFY21 as against 12.7% in 2QFY20.
  • Net profit for the quarter increased by 10.7% QoQ, while net profit margins increased from 8.2% in 2QFY20 to 9.1% in 3QFY21.

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

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CERA SANITARY Share Price Performance

Over the last one year, CERA SANITARY share price has moved up from Rs 2,615.0 to Rs 3,446.5, registering a Gain of Rs 831.5 or around 31.8%.

Overall, the S&P BSE SENSEX is up 26.5% over the year.

Current Valuations

At the current price of Rs 3,446.5, the price to earnings (P/E) ratio of CERA SANITARY stands at 45.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.2 times.

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

Aug 20, 2020 | Updated on Aug 20, 2020

For the quarter ended June 2020, CERA SANITARY has posted a net profit of Rs 29 m (down 84.7% YoY). Sales on the other hand came in at Rs 1 bn (down 46.7% YoY). Read on for a complete analysis of CERA SANITARY's quarterly results.

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For the quarter ended June 2019, CERA SANITARY has posted a net profit of Rs 191 m (down 7.0% YoY). Sales on the other hand came in at Rs 3 bn (down 4.8% YoY). Read on for a complete analysis of CERA SANITARY's quarterly results.

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