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Shares of Cera Sanitaryware dipped 7% to Rs 2,039, extending the previous day’s 16% fall on the NSE, after the company reported nearly 200 bps decline in operating margins for the quarter ended March 2015 (Q4), due to lower revenue growth.
EBITDA or operating profit margins of the company declined 14.4% in March quarter against 16.11% in the corresponding quarter of the previous fiscal.
Net sales stood at Rs 250 crore, up 14.7% year on year (yoy), a lowest growth since September 2009 quarter due to weak demand situation. The company has registered a 14% yoy jump in its net profit to Rs 22.1 crore against Rs 19.3 crore, in a year ago period.
The stock opened at Rs 2,200 and touched a low of Rs 1,961 on the NSE. Till 1011 hours, a combined 95,209 shares changed hands on the counter on the NSE and BSE.
EBITDA or operating profit margins of the company declined 14.4% in March quarter against 16.11% in the corresponding quarter of the previous fiscal.
Net sales stood at Rs 250 crore, up 14.7% year on year (yoy), a lowest growth since September 2009 quarter due to weak demand situation. The company has registered a 14% yoy jump in its net profit to Rs 22.1 crore against Rs 19.3 crore, in a year ago period.
The stock opened at Rs 2,200 and touched a low of Rs 1,961 on the NSE. Till 1011 hours, a combined 95,209 shares changed hands on the counter on the NSE and BSE.
