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HeidelbergCement India Ltd reports Rs. 48.94 crore PAT in Q1FY21



Posted On : 2020-07-22 15:52:38( TIMEZONE : IST )

HeidelbergCement India Ltd reports Rs. 48.94 crore PAT in Q1FY21

HEIDELBERGCEMENT INDIA LTD. has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.417.48 crores during the period ended June 30, 2020 as compared to Rs.526.79 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.48.94 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.66.29 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.2.16 for the period ended June 30, 2020 as compared to Rs.2.93 for the period ended March 31, 2020.

FinancialsQ1 FY2020-21Q4 FY19-20% Change
Total Income₹ 417.48 crs₹ 526.79 crsDown Tick -20.75%
Net Profit₹ 48.94 crs₹ 66.29 crsDown Tick -26.17%
EPS₹ 2.16₹ 2.93Down Tick -26.28%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.417.48 crores during the period ended June 30, 2020 as compared to Rs.601.06 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.48.94 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.79.03 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.2.16 for the period ended June 30, 2020 as compared to Rs.3.49 for the period ended June 30, 2019.

FinancialsQ1 FY2020-21Q1 FY2019-20% Change
Total Income₹ 417.48 crs₹ 601.06 crsDown Tick -30.54%
Net Profit₹ 48.94 crs₹ 79.03 crsDown Tick -38.07%
EPS₹ 2.16₹ 3.49Down Tick -38.11%

During Q1FY21:

- Volume decreased by c. 32% y/y primarily driven by the suspension of operations in April 2020. The decrease in volume impacted revenue and profitability during the quarter.

- On a per tonne basis, gross realization increased by 2.4% whereas total operating cost (incl. freight) increased by 1.8% resulting in EBITDA of Rs. 1,264 per tonne as compared to Rs. 1,253 per tonne in Q1FY20.

- Concerted efforts supported the Company optimize its fixed cost, however, decrease in volume negatively impacted the operating leverage. On a per tonne basis, increased fixed cost is partially offset by lower raw materials and power & fuel costs.

- The Company's net cash increased to c. Rs. 1.6 billion as at June 30, 2020.

Shares of HEIDELBERGCEMENT INDIA LTD. was last trading in BSE at Rs.177.8 as compared to the previous close of Rs. 176.5. The total number of shares traded during the day was 18086 in over 564 trades.

The stock hit an intraday high of Rs. 181.35 and intraday low of 176.45. The net turnover during the day was Rs. 3232312.

Source : Equity Bulls

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