Cera Sanitaryware shares rose around 16 per cent intraday after posting strong Q1FY16 result

Cera Sanitaryware is a sanitaryware production company.s. The company trades in bathroom accessories as well. Its products include ceramic sinks, wash basins, wash basin pedestals, baths, bidets, water closet pans, flushing cisterns, urinals, seat covers, kitchen sinks, WC's, shower panels and cubicles, bath tubs, shower temples, whirlpools, CP fittings, taps, accessories, and sanitary fixtures.

Today, Cera Sanitaryware announced its First Quarter FY16 result, wherein the net sales from operations rose by 19.67 per cent and stood at Rs 194.2 crore as compared to 162.33 per cent in same period of last fiscal. The Company has only one segment in sanitaryware. The total expenses of the company also increased by 19.9 per cent due to an increase in purchase of traded goods, employees cost, depreciation and other expenses by 10.49 per cent, 13.47 per cent, 9.85 per cent and 14.46 per cent respectively on yearly basis. But in the same period the consumption of raw materials decreased by 6 per cent and Power & Fuel expenses decreased by 12.11 per cent.

The EBITDA stood at Rs 28.24 crore as against 24.15 crore, and rose by 16.94 per cent on yearly basis. The EBITDA margin contracted by 34 basis points to 14.54 per cent in Q1FY16 than Q1FY15. The financial cost increased by 26.62 per cent and the tax expenses increased by 16.5 per cent y-o-y basis. The net profit of the company stood at Rs 15.67 crore compared to Rs 13.63 crore, rose by 14.97 per cent on yearly basis.

As Cera Sanitaryware posted a strong fiscal First Quarter FY16 result, on intraday the share price of the company stood around 2155, gaining around 16 per cent.