Cera Sanitaryware's Q1 FY25 Financial Results Show Mixed Performance, 'Hold' Call from MarketsMOJO

Cera Sanitaryware, a leading player in the ceramics and allied industry, has recently declared its financial results for the quarter ended June 2024. The company has received a ‘Hold’ call from MarketsMOJO, indicating a neutral stance on its stock.

According to the financials, Cera Sanitaryware has shown a flat performance in the quarter, with a score of -4 compared to 12 in the previous quarter. However, there are some positive aspects to the company’s financials. The operating cash flow has been consistently growing over the last three years, with the highest amount of Rs 236.05 crore generated annually. Additionally, the dividend payout ratio has also been increasing over the last five years, with the highest at 32.65%, indicating that the company is distributing a higher proportion of its profits as dividends.

On the other hand, there are some concerning factors in the financials as well. The profit before tax less other income has fallen by -21.25% year on year, and the profit after tax has also declined by -16.4% year on year. The net sales for the quarter have also decreased, with the lowest amount of Rs 400.71 crore in the last five quarters. The operating profit and PBT have also shown a declining trend in the near term. The earnings per share have also decreased, indicating lower profitability for shareholders.

Overall, Cera Sanitaryware’s financial performance for the quarter ended June 2024 has been mixed, with some positive and negative aspects. Investors are advised to hold their position in the stock and closely monitor the company’s future financial results.