Cera Sanitary

India’s third largest sanitaryware company posted a good set of numbers for Q2FY13. On a 52% (YoY) rise in topline at Rs.111.38 crore, the company posted a 44% increase in net profit at Rs.11.02 crore. The company has stated that overall rise demand led to this good performance.  It hopes to end current fiscal with a topline of Rs.500 crore. The company announced the numbers during market hours and the stock went on to hit a new 52-week high at Rs.379.95.

The company is expanding its capacity, scheduled to go on stream by Jan 2013. 55% of its production is met inhouse while rest is outsourced, not just from India but from China and Oman. It is hoping that shifting to natural gas as fuel will bring down its fuel costs in the coming months. Its net profit at end of H1FY13 stands at Rs.20.27 crore v/s Rs.32.04 crore for FY12. With two more quarters to go, surely the company is bound to end FY13 on a much higher note.