Cera Sanitaryware - Operational Disruption Weighed On Q3 Results: IDBI Capital
An employee uses a forklift to transport sanitaryware molds into a drying room at a factory in Bahadurgarh, Haryana, India. (Photographer Udit Kulshrestha/Bloomberg)

Cera Sanitaryware - Operational Disruption Weighed On Q3 Results: IDBI Capital

Bookmark

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

Cera Sanitaryware Ltd. reported a muted Q3 FY21 performance led by operational disruption in one of the plant due to labour issues.

As per the management commentary, lower production due to one of the plant shut down for 82 days led to lower net sales by approximately Rs 650 million and Ebitda by ~Rs 100 million.

On a positive note, the company guided that all the plants are operational at 100% capacity from January, 2021.

Net sales declined by 1.7% YoY to Rs 3,158 million, while Ebitda came in at Rs 432 million, marginally up by 0.6% YoY.

Click on the attachment to read the full report:

IDBI Capital Cera Sanitaryware Q3FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.