Quarterly Result:s: HeidelbergCement India Ltd

Technical View: 

HeidelbergCement India Ltd., is currently trading at Rs. 113.95, down by 9.3 points or 7.55% from its earlier closing of Rs. 123.25 on the BSE.
The scrip has touched a high and low of Rs. 125.6 and Rs. 113 respectively, after opening at 123.5. Altogether 291774(NSE+BSE) shares have been traded on the counter; and the stock is currently trading above its 50 DMA.

Standalone Results Q2FY17: 

HeidelbergCement’'s Q2FY17 standalone numbers have beaten our estimates. Revenue for the period has come in 18.9% higher than the estimate of Rs 389 cr. EBITDA has come in 25.2% higher than the estimate of Rs 58 cr. Net profit for the period is 32% higher than the estimated figure of Rs 13 cr.
 
The quarter's net revenue has fallen 1.1% yoy to Rs 463 cr. The company has achieved a quarterly sales volume of 1 million tons.
 
However, EBITDA for the period has surged 44% yoy to Rs 73 cr with EBITDA margins improving 492 bps to 15.7%, triggered by a 9.3% yoy decline in cost of materials consumed and a 7.9% yoy dip in other expenses. Improvement in realisations per ton of 2.7% yoy has further supported margins.
 
Strong operational performance has supported the company in achieving a net profit of Rs 16.5 cr versus a net profit of 2.2 cr during the corresponding period of the previous year.