For FY14, Cera Sanitaryware reported a net profit of Rs51.91 crore following a 36% jump in its sales
Cera Sanitaryware reported a full year higher net profit on robust sales growth. Following good FY14 performance, its shares reached its 52-week high at Rs969.75 on BSE on Wednesday.
For the 12 month to end-March, Cera Sanitaryware said its net profit increased 12% to
Rs51.91 crore from Rs46.2 crore while its total revenues, including sales, grew 36% to Rs663.69 crore from Rs487.87 crore, a year ago period.
“Cera has once again demonstrated that it enjoys overwhelming customers' preference and support. This is evident from the fact that our growth has been achieved in spite of market witnessing signs of slowdown,” says Vikram Somany, chairman and managing director, Cera Sanitaryware.
As on 31 March 2014, FII shareholding in Cera Sanitaryware grew to 14.48% from 11.26%, DII shareholding grew to 0.11% from 0.09%, promoter shareholding also increased to 56.10% from 55.51% compared to the same period a year ago. However, public shareholding fell to 29.31% from 33.14% in the year ago period.
During the March quarter, Cera Sanitaryware said its net profit jumped 38.84% to Rs19.34 crore from Rs13.93 crore while its total revenues, including sales, grew 41% to Rs218.19 crore from Rs154.56 crore, same period last year.
Cera Sanitaryware declared a final dividend of 100%.
Cera Sanitaryware closed Wednesday 3.22% up at Rs956.55 on the BSE, while the 30-share Sensex ended the day flat at 22,417.
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