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 Consolidated 4389237000.00 159700000.00 4548937000.00 651655000.00 1671858000.00 -319901000.00 566877000.00 15721000.00 96571000.00 1204286000.00 3887067000.00 661870000.00 0.00 661870000.00 116990000.00 29639000.00 146629000.00 0.00 515241000.00 0.00 0.00 0.00 0.00 515241000.00 -1947000.00 513294000.00 508832000.00 6409000.00 -1910000.00 -37000.00 65029000.00 5 39.12 39.12 0.00 0.00 39.12 39.12 CERA SANITARYWARE LIMITED Notes to the Statement of Unaudited Consolidated Financial Results for the Quarter and Nine months ended 31st December, 2023: 1) These unaudited consolidated financial results of the Company and its subsidiaries (“the Group”), 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 consolidated financial results for the quarter and nine months ended 31st December, 2023 and have issued an unmodified review report on these consolidated financial results. 2) The above unaudited consolidated 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 recognised accounting practices and policies to the extent applicable. 3) The Group 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 Parent 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 Parent 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. Further, in view of the above ongoing dispute, the management is of the view that the criteria for consolidation as prescribed under Ind AS 110 “Consolidated Financial Statements“ are no longer being met and hence the Company is not required to consolidate the financial results of Milo. The Investments in Milo have accordingly been reclassified. 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 Consolidated 13306148000.00 437790000.00 13743938000.00 1874117000.00 4579825000.00 -327259000.00 1728010000.00 42752000.00 268834000.00 3368296000.00 11534575000.00 2209363000.00 -15557000.00 2193806000.00 448441000.00 89195000.00 537636000.00 0.00 1656170000.00 0.00 0.00 0.00 0.00 1656170000.00 -9778000.00 1646392000.00 1640684000.00 15486000.00 -9667000.00 -111000.00 65029000.00 5 126.15 126.15 0.00 0.00 126.15 126.15 Other Expenses 1204286000.00 Other Expenses 3368296000.00