Heidelberg Cement Q3FY17 results
Bhagyashree Vivarekar / 09 Feb 2017
Heidelberg Cement Ltd. reported its results for the quarter ended December 31, 2016 today. The company reported total sales of 404.5 crore for Q3FY17, which represents a 1.91 per cent sequential increase and 0.86 per cent YoY decline. Company’s quarterly sales volume stood at ~1.05 million tonnes.
Heidelberg Cement Ltd. reported its results for the quarter ended December 31, 2016 today.
The company reported total sales of 404.5 crore for Q3FY17, which represents a 1.91 per cent sequential increase and 0.86 per cent YoY decline. Company’s quarterly sales volume stood at ~1.05 million tonnes.
Its operating profit (EBIT) for the quarter was Rs 31.2 crore and its EBIT margin was 7.71 per cent.
The company reported net loss of Rs 3.5 crore, as against as against net profit of Rs. 16.5 crore in the previous quarter. This was due to one-off provision for doubtful capital advance of Rs 15 crore.
The company's stock opened at Rs 132.5 on the BSE, and fell 4.7 per cent after the results were declared. It touched day's low of Rs 125.1 and is currently trading around Rs. 126.
Heidelberg Cement India Ltd is an India-based company engaged in the production of Portland slag cement and Portland Pozzolona cement. The company has 5 manufacturing units in India.
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