Cera Sanitaryware - Q2 Results Update - Microsec

Cera Sanitaryware announced its Q2 FY13 results on 10 Oct 2012. The company's Net Sales increased by 52% YOY to INR111 crore and EBITDA increased by 57% to INR18.4 crore.

EBITDA Margin of the company increased from 16.0% to 16.5% YOY. PAT of the company increased by 44% YOY to INR11 crore.

At the CMP of INR370, the stock discounts its FY13E EPS of INR32 by 11.5x. We maintain Buy at the current level.

Source : Equity Bulls

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