CERA2024-01-012024-03-31 CERA2024-01-012024-03-31 CERA2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member CERA2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member CERA2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532443 CERA NOTLISTED Cera Sanitaryware Limited Equity 2023-04-01 2024-03-31 2024-05-13 2024-05-03 INR Lakhs Yearly 11:30:00 13:10:00 2024-05-13 2024-05-13 true Cash Flow Indirect Declaration of unmodified opinion Single segment Building Products 2024-01-01 2024-03-31 Audited Standalone 5466347000.00 164444000.00 5630791000.00 562155000.00 1748840000.00 393399000.00 572843000.00 14304000.00 91535000.00 1268204000.00 4651280000.00 979511000.00 0.00 979511000.00 213524000.00 15719000.00 229243000.00 0.00 750268000.00 0.00 0.00 0.00 0.00 750268000.00 1411000.00 751679000.00 0.00 0.00 65029000.00 5 57.69 57.69 0.00 0.00 57.69 57.69 CERA SANITARYWARE LIMITED Notes to the Statement of Audited Standalone Financial Results for the Quarter and Year ended 31st March, 2024: 1) These audited standalone financial results of the Company for the quarter and year ended 31st March, 2024 have been reviewed by the Audit Committee and then approved by the Board of Directors at their respective meetings held on 13th May, 2024. The Statutory Auditors have issued an unmodified audit opinion on these standalone financial results. 2) The above audited 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 from time to time 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 figures for the quarters ended 31st March, 2024 and 31st March, 2023 are the balancing figures between audited figures in respect of the full financial year and year to date figures up to the third quarter of the relevant financial years which were subjected to limited review. 5) 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. 500.00 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. Recently, the Hon’ble High Court of Gujarat has appointed an arbitrator to adjudicate the case and the first hearing in the matter is yet to be held. Further, in view of the above ongoing dispute and in accordance with Ind AS 28 “Investment in Associates”, the management has reclassified its Investment in Milo from “Investments in Associates” to “Other Investments”. 6) The Board of Directors at its meeting held on 13th May, 2024 has recommended a dividend of Rs. 60 /- per fully paid-up equity share of Rs. 5 /- each for the financial year 2023-24. 7) Figures of the previous periods have been regrouped / reclassified / restated wherever considered necessary. By Order of the Board of Directors For Cera Sanitaryware Limited Anupam Gupta Executive Director (Technical) Place : Ahmedabad Date : 13th May, 2024 (DIN : 09290890) Single segment 2023-04-01 2024-03-31 Audited Standalone 18712347000.00 611459000.00 19323806000.00 2188174000.00 6571907000.00 61809000.00 2275464000.00 52993000.00 343737000.00 4672145000.00 16166229000.00 3157577000.00 -15557000.00 3142020000.00 646737000.00 103593000.00 750330000.00 0.00 2391690000.00 0.00 0.00 0.00 0.00 2391690000.00 -8140000.00 2383550000.00 0.00 0.00 65029000.00 5 13360381000.00 183.89 183.89 0.00 0.00 183.89 183.89 Other Expenses 1268204000.00 Other Expenses 4672145000.00 3531298000.00 129639000.00 15671000.00 0.00 9518000.00 0.00 0.00 0.00 315785000.00 0.00 0.00 15019000.00 330804000.00 0.00 79674000.00 4096604000.00 3586366000.00 7758948000.00 2013419000.00 179242000.00 161981000.00 0.00 27587000.00 10141177000.00 58915000.00 368688000.00 14155146000.00 0.00 0.00 18251750000.00 65029000.00 13360381000.00 13425410000.00 13425410000.00 0.00 0.00 462650000.00 462650000.00 93751000.00 464659000.00 0.00 0.00 1021060000.00 162933000.00 1820480000.00 1322166000.00 3305579000.00 338678000.00 161023000.00 0.00 0.00 3805280000.00 0.00 0.00 4826340000.00 18251750000.00 In the Assets side, due to non-availability of separate row for Right of use Assets, the amount of Rs. 2137.97 Lakhs have been clubbed with Property, Plant and Equipment. In the Equity & Liabilities side, due to non-availability of separate row for Non -Current Liabilities- Lease Liabilities and Current Liabilities- Lease Liabilities the amount of Rs. 1683.36 Lakhs and Rs. 696.73 Lakhs have been clubbed with to Non- Current Liabilities- Other financial liabilities and Current Liabilities-Other financial liabilities, respectively. 52993000.00 177725000.00 0.00 -152623000.00 0.00 65633000.00 3482000.00 0.00 0.00 0.00 -279514000.00 0.00 131446000.00 343737000.00 15557000.00 0.00 29420000.00 0.00 169427000.00 304000.00 0.00 37667000.00 0.00 -514398000.00 0.00 0.00 -83828000.00 -1561000.00 -23771000.00 -103638000.00 3038382000.00 0.00 0.00 0.00 762454000.00 0.00 2275928000.00 1730000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 24840000.00 627415000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7091000.00 0.00 0.00 1138110000.00 1971000000.00 0.00 0.00 0.00 0.00 0.00 36948000.00 0.00 0.00 0.00 -1403878000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20473000.00 0.00 99003000.00 650294000.00 27207000.00 0.00 0.00 -796977000.00 75073000.00 0.00 75073000.00 104169000.00 179242000.00