Cera Sanitaryware’s net profit up 61.49% in Q4 FY24, Real Estate News, ET RealEstate
NEW DELHI: Cera Sanitaryware has reported a growth of 19.85 per cent in its net consolidated profit during the quarter ended March 31, 2024. Its profit after tax stood at Rs 75.70 crore in Q4 FY24 as against Rs 63.16 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 564.52 crore in Q4 FY24, a growth of 3.63 per cent from Rs 544.72 crore it recorded in the similar quarter last year.
The board of directors recommended dividend of Rs. 60 (1200%) per fully paid-up equity share of Rs. 5 each for the year ended March 31, 2024.
The board considered re-appointment of Anupam Gupta as an executive director (Technical) for the period of three years effective from October 15, 2024.
The board also decided to incur routine capital expenditure of Rs. 25.4 crore for the FY 2024-25 towards essential upgrades in Sanitaryware and Faucetware plants, focusing on machinery replacement, enhancing customer touch points and IT related developments.
