Summary of quarterly results filing for Cera Sanitaryware Ltd published on 04 Feb, 2026
1. Auditor’s Note
- The Limited Review Report by Singhi & Co., Chartered Accountants, dated 4th February 2026, states:
- The review was conducted as per applicable standards.
- No qualifications, concerns, or issues were noted.
- The auditor issued an unmodified review report on the unaudited financial results for the quarter and nine months ended 31st December 2025.
Conclusion: Auditor’s note is standard with no qualifications or concerns.
2. Financial Performance
Standalone Financial Results (₹ in Lakhs)
| Particulars | Q3 FY26 (31.12.2025) | Q2 FY26 (30.09.2025) | Q3 FY25 (31.12.2024) | 9M FY26 (31.12.2025) | 9M FY25 (31.12.2024) | FY25 (31.03.2025) |
|---|---|---|---|---|---|---|
| INCOME | ||||||
| Revenue from Operations | 49,897.49 | 48,791.29 | 44,927.06 | 1,40,630.40 | 1,33,727.76 | 1,91,525.12 |
| Other Income | 1,140.79 | 1,656.42 | 1,208.94 | 4,657.25 | 4,673.18 | 6,249.84 |
| Total Income (I + II) | 51,038.28 | 50,447.71 | 46,136.00 | 1,45,287.65 | 1,38,400.94 | 1,97,774.96 |
| EXPENSES | ||||||
| Cost of Materials Consumed | 7,103.88 | 6,381.85 | 6,695.10 | 19,452.57 | 18,398.14 | 25,172.73 |
| Purchases of Stock-in-Trade | 10,835.00 | 19,223.89 | 18,406.01 | 53,910.29 | 50,146.45 | 69,457.79 |
| Changes in Inventories of Finished Goods, WIP and Stock-in-Trade | (2,049.49) | (1,571.85) | (4,046.03) | (4,662.40) | (6,150.54) | (3,669.16) |
| Employee Benefits Expense | 7,023.92 | 6,523.09 | 6,037.77 | 19,999.39 | 18,106.96 | 24,154.29 |
| Finance Costs | 197.13 | 163.97 | 182.79 | 505.32 | 551.80 | 711.57 |
| Depreciation and Amortization Expense | 979.36 | 982.84 | 977.38 | 2,871.46 | 2,833.55 | 3,851.49 |
| Other Expenses | 12,878.78 | 11,520.53 | 11,893.18 | 34,774.51 | 34,712.10 | 47,336.58 |
| Total Expenses (IV) | 45,968.67 | 43,224.32 | 40,146.20 | 1,26,881.14 | 1,18,598.46 | 1,67,015.29 |
| Profit/(Loss) before exceptional items and tax (III-IV) | 5,069.61 | 7,223.39 | 5,989.80 | 18,406.51 | 19,802.48 | 30,759.67 |
| Exceptional Items (Note 4) | (1,845.97) | - | - | (1,845.97) | - | (150.43) |
| Profit/(Loss) before tax (V - VI) | 3,223.64 | 7,223.39 | 5,989.80 | 16,560.54 | 19,802.48 | 30,609.24 |
| Tax Expenses: | ||||||
| - Current Tax | 1,243.25 | 1,628.61 | 1,371.29 | 4,079.41 | 4,313.66 | 6,721.97 |
| - Deferred Tax | (386.42) | (69.98) | 32.60 | (203.84) | (601.33) | (761.16) |
| Total Tax Expense | 856.83 | 1,558.63 | 1,403.89 | 3,875.57 | 3,712.33 | 5,960.81 |
| Net Profit/(Loss) for the period (VII - VIII) | 2,366.81 | 5,664.76 | 4,585.91 | 12,684.97 | 16,090.15 | 24,648.43 |
| Other Comprehensive Income (OCI) | ||||||
| - Items not to be reclassified to profit or loss (Net of tax) | 139.01 | (40.47) | (18.71) | 76.09 | (114.94) | (89.09) |
| - Items to be reclassified to profit or loss (Net of tax) | - | - | - | - | - | - |
| Total Comprehensive Income (IX + X) | 2,505.82 | 5,624.29 | 4,567.20 | 12,761.06 | 15,975.21 | 24,559.34 |
| Paid-up Equity Share Capital (₹ 5 per share) | 644.88 | 644.88 | 644.88 | 644.88 | 644.88 | 644.88 |
| Other Equity (excluding Revaluation Reserve) | - | - | - | - | - | 1,34,389.44 |
| Earnings per Equity Share (EPS) | ||||||
| - Basic (₹) | 18.35 | 43.92 | 35.56 | 98.35 | 124.14 | 190.40 |
| - Diluted (₹) | 18.35 | 43.92 | 35.56 | 98.35 | 124.14 | 190.40 |
3. Detailed Notes / Management Commentary
-
Review and Approval:
- Results reviewed by Audit Committee and approved by Board on 4th February 2026.
- Statutory auditors conducted limited review and issued unmodified report.
-
Accounting Standards:
- Results prepared as per Indian Accounting Standards (Ind AS) under Companies Act 2013.
-
Segment Information:
- Company operates mainly in manufacturing of "Building Products".
- Sales are substantially domestic.
- No separate reportable segments as per Ind AS 108.
-
Exceptional Items:
- Due to implementation of new Labour Codes effective 21st November 2025, the company reassessed employee benefit obligations.
- Incremental impact of ₹1,220.42 Lakhs on Gratuity and ₹625.55 Lakhs on Leave Salary liability recognized as Exceptional Items for quarter and nine months ended 31st December 2025.
- These are regulatory-driven, non-recurring impacts.
- Company will monitor further developments and provide accounting effects as needed.
- In March 2025 quarter, a write-off of ₹806 Lakhs investment in Milo Tile LLP was recognized as an exceptional item (₹655.57 Lakhs in earlier years and ₹150.43 Lakhs in March 2025 quarter).
-
Corporate Activity:
- In September 2025 quarter, divested entire 51% stake in two subsidiary LLPs (Packcart Packaging LLP and Race Polymer Arts LLP).
- Post divestment, no subsidiaries or associates remain.
- Hence, no consolidated financial results prepared for quarter ended 30th September 2025 and thereafter.
- Only standalone results published.
-
Restatements:
- Previous period figures regrouped/reclassified/restated where necessary.
4. Segment Information
- No segment-wise financial information provided.
- Company states only one reportable segment: Building Products.
- Sales mainly domestic.
- No segment EBIT/PBIT margins or growth rates disclosed.
5. Capex, Projects, and Corporate Activity
-
Capital Expenditure: No specific details on capex or planned projects disclosed in this filing.
-
Exceptional Items / Provisions:
- ₹1,845.97 Lakhs exceptional charge related to incremental employee benefit liabilities due to new Labour Codes.
- Write-off of ₹806 Lakhs investment in Milo Tile LLP (recognized in prior periods).
-
Acquisitions / Divestitures:
- Divestment of 51% stake in two subsidiaries (Packcart Packaging LLP and Race Polymer Arts LLP) completed on 29th September 2025.
- Resulted in cessation of subsidiaries and discontinuation of consolidated financial statements.
-
Restructuring / Strategic Shifts:
- No explicit mention of restructuring or cost-cutting measures.
6. Standalone vs Consolidated
- Only Standalone financial results provided for the quarter and nine months ended 31st December 2025.
- No consolidated results published post 30th September 2025 due to divestment of subsidiaries.
- Previous periods’ consolidated results not provided in this filing.
Summary
| Aspect | Details |
|---|---|
| Auditor’s Note | Unmodified review report; no qualifications or concerns. |
| Financials | Standalone only; comprehensive income and expense details provided for Q3 FY26, Q2 FY26, Q3 FY25, 9M FY26, 9M FY25, FY25. |
| Exceptional Items | ₹1,845.97 Lakhs charge due to new Labour Codes impact on employee benefits; prior write-off of ₹806 Lakhs investment in Milo Tile LLP. |
| Corporate Activity | Divestment of 51% stake in two subsidiaries in Sep 2025; no subsidiaries thereafter; no consolidated results post Sep 2025. |
| Segment Information | Single segment (Building Products); domestic sales; no segment financials disclosed. |
| Accounting Policies / Notes | Ind AS compliant; no changes in accounting policies reported; restatements done where necessary. |
This completes the extraction of all relevant and actionable financial information from the filing.