Cera Sanitaryware Q3 Consolidated Net Profit Up 46% At Rs 45 Crore

The company had logged a net profit of Rs 30.68 crore in the year-ago period

Topics

Companies | CERA | sanitary ware

Ceramic tiles

Representational image

Sanitaryware Ltd on Monday reported 45.86 per cent rise in consolidated net profit at Rs 44.75 crore for the third quarter ended December 31, 2021.

.

The company had logged a net profit of Rs 30.68 crore in the year-ago period,

Sanitaryware said in a regulatory filing.

Revenue from operations was up 28.09 per cent to Rs 404.46 crore during the quarter under review as against Rs 315.77 crore in the corresponding period of 2020-21.

Total expenses were at Rs 349.33 crore as against Rs 284.88 crore. Shares of Sanitaryware Ltd on Monday settled at Rs 4,450 apiece on BSE, down 5.08 per cent from the previous close.

.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, January 24 2022. 20:27 IST

RECENT NEWS

Revoluts Australian Banking Licence Game Changer

Revolut has spent much of its life insisting that it is more than a bank. In Australia, it has now decided that becoming... Read more

The AI Bank Is Coming, But Who Controls The Risk?

Artificial intelligence is no longer something banks discuss as a distant possibility. It is already working behind the ... Read more

ClearBank UK Profit Leads To European Growth

ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more

Bank Of London Continues To Rebuild

ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more

JPMorgan's Berlin Moment: Chase Takes On Europe

There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more

What Strategy's Bitcoin Sale Really Tells Us

There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more