Hot Pursuit     23-Apr-15
Cera Sanitaryware slumps after Q4 earnings
Cera Sanitaryware tumbled 9.73% to Rs 2,350 at 14:45 IST on BSE after net profit rose 14.38% to Rs 22.11 crore on 14.78% growth in total income from operations to Rs 250.44 crore in Q4 March 2015 over Q4 March 2014.

The Q4 result was announced during market hours today, 23 April 2015.

Meanwhile, the S&P BSE Sensex was down 214.26 points or 0.77% at 27,675.87.

On BSE, so far 16,000 shares were traded in the counter as against average daily volume of 1,894 shares in the past one quarter.

The stock hit a high of Rs 2,670 and a low of Rs 2,350 so far during the day. The stock had hit a 52-week low of Rs 833 on 25 April 2014. The stock had hit a record high of Rs 2,952.05 on 15 April 2015.

The stock had outperformed the market over the past one month till 22 April 2015, advancing 0.78% compared with the Sensex's 1.31% fall. The scrip had also outperformed the market in past one quarter, surging 23.52% as against Sensex's 3.85% fall.

The mid-cap company has equity capital of Rs 6.50 crore. Face value per share is Rs 5.

The growth in the bottom line during the quarter was aided by lower tax expenses vis-à-vis Q4 March 2014. Tax expenses declined 29.76% to Rs 9.25 crore in Q4 March 2015 over Q4 March 2014.

Cera Sanitaryware is into sanitaryware segment. Its product portfolio includes premium range of showers, steam cubicles, whirlpools, sanitaryware and faucets.

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