Heidelberg Cement on 52-week high : reports 107 per cent sequential rise in PAT
Nidhi Jani / 27 Oct 2017
Despite the overall market condition, the company was able to achieve sales volume of 1.06 million (higher by 6.5 per cent YoY) and gross realisation per tonne was higher by 2.6 per cent YoY.
Heidelberg Cement reported its results for the quarter ended September 30, 2017 on Friday.
The company's total sales for Q2FY18 came in at Rs 425.9 crore, which represents a 17 per cent sequential decline and 6.3 per cent YoY decline. Despite the overall market condition, the company was able to achieve sales volume of 1.06 million (higher by 6.5 per cent YoY) and gross realisation per tonne was higher by 2.6 per cent YoY.
Its operating profit (EBIT) for the quarter amounted to Rs 67.8 crore and its EBIT margin stood at 16 per cent.
The company reported PAT of Rs 33.28 crore, which represents a sequential QoQ increase of 107.5 per cent and a YoY increase of 101.7 per cent.
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 132.65 and jumped to Rs 156.40, reacting on the results.
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