Strong Q2FY19 numbers for CERA, revenue jumps 12 per cent
CERA Sanitaryware Limited reported its results for the quarter ended September 30, 2018 during market hours on Thursday. The standalone numbers were largely stable when compared on a YoY basis.
CERA's standalone revenue for the quarter came in at Rs. 334.95 crore as compared to Rs. 297.90 crore for the same period last year, registering 12.4 per cent yoy increase. EBITDA for the quarter rose by 2.6 per cent yoy to Rs. 49.54 crore with a corresponding margin contraction of 142 bps. EBITDA margin for the quarter stood at 14.8 per cent. This margin contraction was aided by higher manufacturing costs and general expenses.
The PAT for the quarter came in at Rs. 28.14 crore as against Rs. 27.27 crore for the same quarter last year with yoy increase of 3.2 per cent. On the margin front, the company experienced a marginal pressure of 75 bps.
On Thursday, the stock of CERA closed at Rs. 2,435 per share, down by 0.33 per cent on BSE while the index closed at 34,431 down by 10 points.