Heidelberg Cement falls nearly 5 per cent on weak Q1 numbers
DSIJ Intelligence / 28 Jul 2017
The company's total sales for Q1FY18, came in at Rs 503.9 crore, which represents a 4.8 per cent sequential decline and 6.4 per cent YoY decline.
Heidelberg Cement reported its results for the quarter ended June 30, 2017 on Friday.
The company's total sales for Q1FY18, came in at Rs 503.9 crore, which represents a 4.8 per cent sequential decline and 6.4 per cent YoY decline.
Its operating profit (EBIT) for the quarter amounted to Rs. 32.5 crore and its EBIT margin stood at 6.5 per cent.
The company reported PAT of Rs 16 crore, which represents a sequential QoQ decline of 56.7 per cent and a YoY decline of 38.9 per cent.
The company's gross realization per tonne was higher by 3.4% YoY, despite input costs going up due to surge in pet coke prices.
Heidelberg Cement is one of the world’s largest building materials companies. The core activities of Heidelberg Cement include the production and distribution of cement and aggregates, the two essential raw materials for concrete.
The stock today opened at Rs. 136.5 and fallen to its intra-day low of Rs. 125.7, reacting on announcement of Q1FY18 results.