HeidelbergCement India

The higher demand will mitigate the impact of lower profitability on absolute operating profits and cash accruals of cement makers, cushioning their credit profiles, Crisil Research said

Stocks to Watch Today: Ambuja Cements, AU SFB, Alok Textiles, Hindustan Unilever, HDFC Life, ICICI Lombard, L&T Finance and Rallis India to announce Q1 results on Tuesday.

HeidelbergCement India Ltd on Friday reported a 33.13 per cent decline in its net profit to Rs 93.61 crore for the fourth quarter ended March 2022, mainly due to higher operating costs. The company had reported a net profit of Rs 139.99 crore in the year-ago period, HeidelbergCement India said in a BSE filing. However, its total revenue from operation increased 3.34 per cent to Rs 620.03 crore during the quarter under review against Rs 599.95 crore in the corresponding quarter of the previous fiscal. HeidelbergCement India's total expenses rose 10.35 per cent to Rs 534.60 crore in Q4 FY 2021-22 against Rs 484.42 crore a year ago. "On a per tonne basis, total operating cost, including freight, increased by 13.6 per cent y-o-y mainly due to higher coal, pet coke, diesel and packaging cost. The increase in operating cost was partially offset by an increase in other operating income mainly pertaining to SGST incentive from Government of Madhya Pradesh," said a post earning statement fr

HeidelbergCement India Ltd on Thursday reported a 40.27 per cent increase in its net profit at Rs 68.65 crore for the first quarter ended in June 2021. The company had reported a net profit of Rs 48.94 crore in the April-June quarter of the last fiscal, HeidelbergCement India said in a BSE filing. Its total revenue from operation was up 36.36 per cent to Rs 555.94 crore during the quarter under review as against Rs 407.70 crore in the corresponding quarter of the previous fiscal. HeidelbergCement India's total expenses were at Rs 462.60 crore, up 34.87 per cent in Q1/FY 2021-22, as against Rs 342.99 crore. According to the company, its sales volume was up 38.1 per cent to 1,1884 KT during the quarter as against 857 KT of the corresponding quarter. "During Jun'21Q, volume increased by 38 per cent y-o-y mainly driven by base effect of national lockdown in the corresponding period of Jun'20Q," the company said. Shares of HeidelbergCement India settled at Rs 266 on BSE, up 0.24 per

"There should be a tailwind from infrastructure programmes, for example in the USA, Australia, India and Italy," Chief Executive Dominik von Achten said

HeidelbergCement, the world's No 2 cement maker, said it would continue to tighten its purse strings in the wake of the coronavirus crisis after a good start to the July-September quarter.

Amid the gloomy GDP print; however, what is noteworthy is that the government spending rose sharply to 15.6 per cent during the quarter, as against 8.8 per cent in 1QFY20.

The stock surged 12% to Rs 168 on BSE in intra-day after the company reported net profit of Rs 318 million in Q3FY18 against net loss of Rs 36 million in year ago quarter

The firm had posted a net profit of Rs 16.5 crore during the same period previous fiscal