Cera Sanitaryware jumps after strong Q4 earnings

Cera Sanitaryware rose 3.18% to Rs 875.10 at 15:08 IST on BSE after net profit jumped 38.76% to Rs 19.33 crore on 38.13% growth in total income from operations to Rs 218.19 crore in Q4 March 2014 over Q4 March 2013.

The Q4 result was announced during trading hours today, 25 April 2014.

Meanwhile, the S&P BSE Sensex was down 175.93 points or 0.77% at 22,700.61.

On BSE, so far 9,672 shares were traded in the counter as against average daily volume of 1,099 shares in the past two weeks.

The stock hit a high of Rs 884.05 and a low of Rs 833 so far during the day.

Cera Sanitaryware's net profit rose 12.33% to Rs 51.90 crore on 36.04% growth in total income from operations to Rs 663.69 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).

Commenting on the company's financial performance, Mr. Vikram Somany, CMD, Cera Sanitaryware said, "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 slow down".

Cera Sanitaryware's board of directors at its meeting held today, 25 April 2014, recommended dividend of Rs 5 per share for FY 2014.

Cera Sanitaryware is into sanitaryware segment.

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