Cera Sanitaryware Reports Negative Financial Results for Q4 2023, Investors Advised to Hold

Cera Sanitaryware, a leading player in the ceramics and allied industry, recently announced its financial results for the quarter ending December 2023. The company, which falls under the midcap category, has received a 'Hold' call from MarketsMOJO.

According to the financial report, Cera Sanitaryware has seen a negative performance in the quarter, with a score of -6 compared to 7 in the previous quarter. This decline can be attributed to various factors.

One of the major concerns for the company is its Profit Before Tax less Other Income (PBT) which has fallen by 22.81% year on year, standing at Rs 50.22 crore. The near term trend for PBT is also negative. Similarly, the Operating Profit (PBDIT) has reached its lowest point in the last five quarters at Rs 61.45 crore, indicating a negative trend in the near term.

The company's efficiency has also deteriorated as seen in the Operating Profit Margin, which is at its lowest in the last five quarters at 14.00%. Additionally, the Profit Before Tax less Other Income (PBT) has also hit its lowest point in the last five quarters at Rs 50.22 crore, with a negative trend in the near term.

The Profit After Tax (PAT) has also seen a decline of 9.8% year on year, standing at Rs 50.88 crore. The near term trend for PAT is also negative. The company's Earnings per Share (EPS) has also decreased, reaching its lowest point in the last five quarters at Rs 39.14. This indicates a decline in profitability and lower earnings for shareholders.

On a positive note, the company's Non Operating Income has increased, reaching its highest point in the last five quarters at Rs 15.97 crore. However, this increase may not be sustainable as it comes from non-business activities.

Overall, Cera Sanitaryware's financial performance for the quarter ending December 2023 has been negative. Investors are advised to hold their stocks and monitor the company's performance closely.