Shares of Cera Sanitaryware rose 7.7% in intraday trade on Friday and hit a 52-week high of Rs 7,339.30 on the BSE after the company posted its best-ever revenue for Q3FY23.

During January-March, Cera’s operating income stood at Rs 530.4 crore, up 21% from the Rs 438.7 crore reported in Q4FY22. Its profit after tax also rose about 21% year-on-year to Rs 62.9 crore in Q4FY23.

However, Ebitda rose only 3.3% to Rs 85.1 crore from Rs 82.4 crore a year earlier.

“Revenue in FY23 was Rs 1,796 crore, up 24.6% from Rs 1,442 crore in FY22. Ebitda in FY23 was Rs 323 crore, up 32% YoY, while profit after tax was Rs 210 crore, up 41% %. Our Sanitary Ware and Faucet segments accounted for 53% and 35% of our revenue in Q4FY23, with revenue growth of 18% and 29% year-on-year, respectively,” said Vikram Somany, Chairman and Managing Director of Cera Sanitaryware.

Management said it is focused on driving an improved product portfolio, with new products launched in the past 3 years, launching in Q4FY23. This helped increase their share to 34% of the quarter’s turnover. Efforts to improve factory productivity and cost optimisation measures have sustainably grown our Ebitda margin.

For FY22-23, the board has recommended a dividend of Rs 50 per share, equivalent to 1,000% of face value. This is higher than the combined dividend of Rs 35 per share, equivalent to 700% of the face value of the FY22 distribution.