Heidelberg Cement reported 8.53% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs595.27cr. The company operates in the manufacture of cement and while the infrastructure project demand has picked up for cement companies, the demand for housing and commercial construction is yet to take off in a big way.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was marginally lower by -1.5% at Rs63.62cr. It was a combination of higher material costs and higher miscellaneous expenses that the profit fell marginally despite higher sales revenues. As a result, the PAT margins tapered from 11.78% in Dec-19 to 10.69% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
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Heidelberg Cement |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
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Total Income (Rs cr) |
₹ 595.27 |
₹ 548.46 |
8.53% |
₹ 513.75 |
15.87% |
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Net Profit (Rs cr) |
₹ 63.62 |
₹ 64.59 |
-1.50% |
₹ 62.40 |
1.96% |
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Diluted EPS (Rs) |
₹ 2.81 |
₹ 2.85 |
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₹ 2.75 |
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Net Margins |
10.69% |
11.78% |
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12.15% |
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