Money Matters: Cera Sanitaryware Limited - Quarterly Results - Second Quarter (September 2014)

Sunday, October 26, 2014

Cera Sanitaryware Limited

Quarterly Results

Second Quarter (September 2014)

CERA SANITARYWARE LTD has performed well in the second quarter ended September 2014. The results are in the table below :

Results Table :

Cera Sanitary ware	30-Sep-14	30-Jun-14	Dif% QoQ	30-Sep-13	Dif% YoY
Net Sales	19959.83	16233.29	22.96	15876.32	25.72
Total Expenditure	17540.58	14153.65	23.93	14260.51	23
Profit before Interest, Dep. & Taxes	2419.25	2079.64	16.33	1615.81	49.72
Net Profit	1575.26	1363.22	15.55	1062.41	48.27
Diluted EPS	12.45	10.77	15.6	8.4	48.21
Total Income	19959.83	16233.29	22.96	15876.32	25.72
Changes in inventories	-669.33	-1003.75	-33.32	286.93	-333.27
Cost of materials	1735.72	1684.96	3.01	1509.61	14.98
stock-in-trade	8346.28	6110.53	36.59	5890.53	41.69
Employee benefits	2392.23	2279.15	4.96	1804.67	32.56
Depreciation	344.37	334.73	2.88	309.45	11.28
Other expenses	5391.31	4748.03	13.55	4459.32	20.9
Total expenses	17540.58	14153.65	23.93	14260.51	23
Profit before tax	2399.29	2078.03	15.46	1622.64	47.86
Tax Expenses	824.03	714.81	15.28	560.23	47.09
Net Profit	1575.26	1363.22	15.55	1062.41	48.27
Face Value	5	5	0	5	0
Paid-up Equity	632.74	632.74	0	632.74	0
Reserves	0	21764	-100	0
Basic EPS	12.45	10.77	15.6	8.4	48.21
Public holding (%)	43.83	43.83	0	44.25	-0.95

Net Sales amounts to Rs.1899.60 Cr in Q2 FY 15; against Rs. 162.33 Cr in Q1 FY 15 and Rs.158.76 crQ2 FY 14.

Profit from Operation is Rs.24.19 cr against Rs.20.79 cr in Q1 FY 15 and Rs.16.16 Cr in Q2 FY 14.

Profit Before Tax is Rs.23.99 Cr against Rs.20.78 cr In Q1 FY 15 and Rs.16.23 Cr in Q2 FY 14.

Profit after Tax is Rs.15.75 Cr against Rs.13.63 Cr in Q1 FY 15 and Rs.10.62 Cr in Q2 FY 15. Net Profit Growth at 48.27% YoY is impressive.

Current MP is Rs.1688 against FV of Rs.5. Current Q.EPA is Rs.12.45. So, annualized EPS is Rs.49.8. PE Ratio works out to 33.9

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