Cera Sanitaryware is trading higher by over 3% at Rs 376 after reporting a strong 44% year-on-year (y-o-y) growth in net profit at Rs 11 crore for the quarter ended September 2012 on back of higher realization. Net sales grew 52% at Rs 113 crore on y-o-y basis.
“The rate at which company is growing, achieving top-line of Rs 500 crore for the FY 2012-13 looks fairly within the reach,” said Vikram Somany chairman of the company in press release.
Meanwhile, the company plans to further increase the production capacity of its sanitaryware products to 3 million pieces per annum at its plant located in Kadi near Ahmedabad.
The stock opened at Rs 375 and hit a new high of Rs 380 on the BSE. A combined 70,600 shares have changed hands on the counter so far on both the exchanges.
