MENU

Published on 5/08/2021 4:30:39 PM | Source: Angel Broking

Quote on Cera Sanitaryware Ltd 1QFY22 Result Update by Mr. Amarjeet Maurya, Angel Broking Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Below is quote Cera Sanitaryware 1QFY22 Result Update by Mr. Amarjeet Maurya, - AVP - Mid Caps, Angel Broking Ltd

During the 1QFY22, Cera Sanitaryware Ltd (CSL) reported revenue of ~Rs223cr (up ~56% YoY) mainly due to healthy volume growth and improvement in realisation. EBITDA increased by ~200% YoY to Rs198cr, while EBITDA margin improved by 430bps YoY to 8.9% due to better operating leverage. On the bottom-line front, the company has reported net profit of Rs129cr (reported ~Rs29cr in 1QFY21) due to strong sales and better operating performance. Going forward, we expect that the company will report a healthy top-line & bottom-line growth on the back of improvement in demand, strong brand & wide distribution network. Hence we are positive on stock.

 

Above views are of the author and not of the website kindly read disclaimer