Cera Sanitaryware extends post result slide

Meanwhile, the S&P BSE Sensex was up 156.30 points or 0.79% at 19,832.36.

On BSE, 2,734 shares were traded in the counter as against average daily volume of 2,399 shares in the past one quarter.

The stock hit a high of Rs 527 and a low of Rs 499 so far during the day. The stock had hit a 52-week low of Rs 282 on 19 July 2012. The stock had hit a record high of Rs 567 on 7 June 2013.

The stock had underperformed the market in the past one month till 11 July 2013, gaining 1.85% compared with the Sensex's 2.78% rise. The scrip had, however, outperformed the market in past one quarter, jumping 19.84% as against Sensex's 6.12% gain.

The small-cap company has equity capital of Rs 6.32 crore. Face value per share is Rs 5.

Shares of Cera Sanitaryware have fallen 6.85% in two trading sessions from Rs 544.30 on 10 July 2013 after the company during trading hours on Thursday, 11 July 2013, reported Q1 June 2013 results wherein its growth in operating profit lagged growth in net sales. The stock had fallen 3.07% to settle at Rs 527.55 on Thursday, 11 July 2013,

Cera Sanitaryware's net profit rose 21% to Rs 11.18 crore on 39.9% growth in net sales to Rs 126.59 crore in Q1 June 2013 over Q1 June 2012. Operating profit rose 27.4% to Rs 19.90 crore in Q1 June 2013 over Q1 June 2012.

Cera said that Q1 results reflect the company's continuance of its high growth rate in excess of 35%, which is a sequel to management's commitment to aggressive business strategies. The growth also reflects Cera's focused endeavors to retain its status as complete bathroom solutions provider to its customer base across India, the company said. The strategic planning in terms of product optimization and leveraging on Cera's strong brand image with well supported penetrating distribution network continues to drive company's high growth and carving out new standards for itself, Cera said in a statement.

Cera Sanitaryware is into sanitaryware segment.

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