Cera Sanitaryware suffers a net loss of Rs 1.78 cr for Q1FY21

New Delhi: Cera Sanitaryware Ltd suffered a consolidated a net loss of Rs 1.78 crore in the first quarter of the current fiscal as against a net profit of Rs 17 crore in the corresponding quarter previous fiscal.

The consolidated revenue from operations of the company nearly halved at Rs 146 core in the first quarter of the current fiscal as against Rs 271 crore in the corresponding quarter previous fiscal.

The consolidated total expenses of the company fell to Rs 154 crore in the first quarter of the current fiscal as against Rs 247 crore in the corresponding quarter previous fiscal, the company said in a regulatory filing.

The company has decided to discontinue business activities of Cera Sanitaryware Trading LLC - Dubai, UAE.

"The unprovided accumulated share of losses of Cera Sanitaryware Trading LLC., Dubai (an Associate) has been Rs 13.40 lakh up to June 30, 2020 which have exceeded the Parent Company's interest in this associate and therefore it is reduced to zero," the company said in the regulatory filing.

 

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