Cera Sanitaryware Ltd.'s net profit fell in the first quarter of fiscal 2025, missing analysts' estimates.
Net profit of the company declined 16% to Rs 47.46 crore for the quarter ended June 30, 2024, compared to Rs 56.70 crore in the same quarter last year. This was above the Rs 59-crore estimate by analysts tracked by Bloomberg.
Revenue decreased 6.5% year-on-year to Rs 400.71 crore in the April-June period. Analysts had projected revenue of Rs 463 crore.
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Operating income, or earnings before interest, taxes, depreciation, and amortisation, was up 18% year-on-year at Rs 58.06 crore. The Ebitda margin contracted to 14.5% from 16.4% in the same period the previous year. Analysts' estimates for Ebitda and Ebitda margin tracked by Bloomberg were Rs 76 crore and 16.40%, respectively.
Shares of the company closed 1.19% lower at Rs 10,296.45 per share, compared to a 0.04% decline in the NSE Nifty 50. The stock has risen 30.13% year-to-date and 21.79% over the past 12 months.
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