CERA2023-10-012023-12-31 CERA2023-10-012023-12-31 CERA2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member CERA2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member CERA2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532443 CERA NOTLISTED Cera Sanitaryware Limited Equity 2023-04-01 2024-03-31 2024-02-12 2024-02-01 INR Lakhs Third quarter 11:30:00 12:35:00 2024-02-12 2024-02-12 Not applicable Single segment Building Products 2023-10-01 2023-12-31 Unaudited Standalone 4367246000.00 159865000.00 4527111000.00 568422000.00 1747339000.00 -315565000.00 558064000.00 14479000.00 91156000.00 1214737000.00 3878632000.00 648479000.00 0.00 648479000.00 110630000.00 29054000.00 139684000.00 0.00 508795000.00 0.00 0.00 0.00 0.00 508795000.00 -1870000.00 506925000.00 0.00 0.00 65029000.00 5 39.12 39.12 0.00 0.00 39.12 39.12 CERA SANITARYWARE LIMITED Notes to the Statement of Unaudited Standalone Financial Results for the Quarter and Nine months ended 31st December, 2023: 1) These unaudited standalone financial results of the Company for the quarter and nine months ended 31st December, 2023 have been reviewed by the Audit Committee and then approved by the Board of Directors at their respective meetings held on 12th February, 2024. The Statutory Auditors of the Company have carried out a limited review of the unaudited standalone financial results for the quarter and nine months ended 31st December, 2023 and have issued an unmodified review report on these unaudited standalone financial results. 2) The above unaudited standalone financial results have been prepared in accordance with the recognition and measurement principles of the Companies Indian Accounting Standards (“Ind AS”) as prescribed under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015, as amended thereafter and other recognized accounting practices and policies to the extent applicable. 3) The Company operates mainly in manufacturing of “Building Products” and all other activities are incidental thereto which have similar risk and return. Further, the sales are substantially in the domestic market. Accordingly, there are no separate reportable segments as required under Ind AS 108 “Operating Segment”. 4) The Company acquired share capital worth Rs. 806 Lakhs for 26% stake in M/s Milo Tile LLP ( Milo ) in FY 2018-19. During FY 2022-23 Milo had been unable to maintain product quality parameters which has forced the Company to discontinue procuring tiles from Milo, and raise claims based on inferior quality products supplied by Milo. As a matter of abundant caution, the Company has fully provided impairment of its investment in Milo (net of payables) to the tune of Rs. 655.57 Lakhs (Rs. 500 Lakhs in FY 2022-23 and Rs. 155.57 Lakhs in FY 2023-24). The same is disclosed as an “Exceptional Item”. Without prejudice to the above, the Company is taking all necessary steps for recovery of its Equity investment including legal recourse. Milo has not provided the financial results since 1st April 2022 due to which the Profit / (Loss) for the said period could not be included in the above unaudited standalone financial results of the Company. Further, in view of the above ongoing dispute and in accordance with Ind AS 28 “Investment in Associates” the management has decided to reclassify its Investment in Milo. 5) Figures of the previous period have been regrouped / reclassified / restated wherever considered necessary. By Order of the Board of Directors For Cera Sanitaryware Limited Anupam Gupta Executive Director (Technical) (DIN: 09290890) Date : 12th February, 2024 Place : Ahmedabad Single segment 2023-04-01 2023-12-31 Unaudited Standalone 13246000000.00 447015000.00 13693015000.00 1626019000.00 4823067000.00 -331590000.00 1702621000.00 38689000.00 252202000.00 3403941000.00 11514949000.00 2178066000.00 -15557000.00 2162509000.00 433213000.00 87874000.00 521087000.00 0.00 1641422000.00 0.00 0.00 0.00 0.00 1641422000.00 -9551000.00 1631871000.00 0.00 0.00 65029000.00 5 126.21 126.21 0.00 0.00 126.21 126.21 Other Expenses 1214737000.00 Other Expenses 3403941000.00