CERA2024-07-012024-09-30 CERA2024-07-012024-09-30 CERA2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member CERA2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member CERA2024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532443 CERA NOTLISTED Cera Sanitaryware Limited Equity 2024-04-01 2025-03-31 2024-11-12 2024-10-29 INR Lakhs Half yearly 11:30:00 12:35:00 2024-11-12 2024-11-12 true Cash Flow Indirect Not applicable Single segment Building Products 2024-07-01 2024-09-30 Unaudited Standalone 4899939000.00 183696000.00 5083635000.00 623398000.00 1802231000.00 -96107000.00 626849000.00 25320000.00 101422000.00 1247579000.00 4330692000.00 752943000.00 0.00 752943000.00 164608000.00 -92433000.00 72175000.00 0.00 680768000.00 0.00 0.00 0.00 0.00 680768000.00 -7752000.00 673016000.00 0.00 0.00 64488000.00 5 52.44 52.44 0.00 0.00 52.44 52.44 CERA SANITARYWARE LIMITED Notes to the Statement of Unaudited Standalone Financial Results for the Quarter and Six months ended 30th September, 2024: 1) These unaudited standalone financial results of the Company for the quarter and six months ended 30th September, 2024 have been reviewed by the Audit Committee and then approved by the Board of Directors at their respective meetings held on 12th November, 2024. The Statutory Auditors of the Company have carried out a limited review of the unaudited standalone financial results for the quarter and six months ended 30th September, 2024 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 26% stake in M/s Milo Tile LLP ( Milo ) in FY 2018-19. Due to ongoing quality related dispute, the Company, as a matter of abundant precaution had fully impaired its investment in Milo of Rs.655.57 Lakhs (including Rs.155.57 Lakhs in FY 2023-24) (net of payables) which had been 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. 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. 5) The Board of the Company in its meeting held on 5th August, 2024 approved the proposal of buyback of 1,08,333 fully paid-up Equity Shares of the Company on a proportionate basis, through the tender offer route, at a price of Rs. 12000/- per Equity Share payable in cash. The Company bought back 1,08,333 fully paid-up Equity Shares and settled all valid bids for an amount aggregating to Rs. 12,999.96 Lakhs (excluding transaction cost and taxes) and adjusted the same against Securities Premium & General Reserve. All the equity shares bought back during the quarter ended 30th September 2024 have been extinguished. 6) The Company has granted 14,950 Equity Shares of face value Rs 5/- per share to certain employees under the Cera Sanitaryware - Employee Stock Option Scheme 2024 (ESOS 2024) after obtaining necessary approvals. The ESOPs have an aggregate fair value of INR 1,033.19 Lakhs (basis registered valuer report) measured in accordance with the provisions of Ind AS 102 “Share-based Payment” and will vest over a period of 1-5 years. Accordingly, the company has recorded a cost of INR 127.39 Lakhs during the quarter ended September 30, 2024. 7) 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 November, 2024 Place : Ahmedabad Single segment 2024-04-01 2024-09-30 Unaudited Standalone 8880070000.00 346424000.00 9226494000.00 1168454000.00 3174044000.00 -208601000.00 1206919000.00 36901000.00 185617000.00 2281892000.00 7845226000.00 1381268000.00 0.00 1381268000.00 294237000.00 -63393000.00 230844000.00 0.00 1150424000.00 0.00 0.00 0.00 0.00 1150424000.00 -9623000.00 1140801000.00 0.00 0.00 64488000.00 5 88.54 88.54 0.00 0.00 88.54 88.54 Other Expenses 1247579000.00 Other Expenses 2281892000.00 3817878000.00 43439000.00 15288000.00 0.00 9042000.00 0.00 0.00 0.00 315206000.00 0.00 0.00 24725000.00 339931000.00 0.00 108986000.00 4334564000.00 3873557000.00 6127050000.00 1936619000.00 156750000.00 103674000.00 0.00 32381000.00 8356474000.00 91319000.00 369111000.00 12690461000.00 0.00 0.00 17025025000.00 64488000.00 12131394000.00 12195882000.00 12195882000.00 0.00 0.00 718396000.00 718396000.00 103794000.00 401266000.00 0.00 0.00 1223456000.00 110877000.00 1834677000.00 1168709000.00 3114263000.00 303405000.00 188019000.00 0.00 0.00 3605687000.00 0.00 0.00 4829143000.00 17025025000.00 In the Assets side, due to non-availability of separate row for Right of use Assets, the amount of Rs. 4618.57 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. 4218.27 Lakhs and Rs. 736.44 Lakhs have been clubbed with to Non- Current Liabilities- Other financial liabilities and Current Liabilities-Other financial liabilities, respectively. 36901000.00 -287191000.00 75471000.00 0.00 4326000.00 0.00 0.00 -11683000.00 0.00 14197000.00 0.00 131575000.00 0.00 185617000.00 0.00 24179000.00 0.00 -148946000.00 0.00 612000.00 0.00 0.00 0.00 0.00 0.00 -263509000.00 0.00 -174418000.00 -10452000.00 -423321000.00 957947000.00 0.00 0.00 -17530000.00 323404000.00 0.00 617013000.00 0.00 0.00 0.00 0.00 0.00 0.00 1426000.00 0.00 4459000.00 129771000.00 2516965000.00 520000000.00 0.00 0.00 0.00 0.00 0.00 5001000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18109000.00 0.00 0.00 0.00 1886187000.00 0.00 0.00 0.00 0.00 1620777000.00 0.00 0.00 0.00 0.00 52056000.00 0.00 60108000.00 780352000.00 12399000.00 0.00 0.00 -2525692000.00 -22492000.00 0.00 -22492000.00 179242000.00 156750000.00