Stock Report

HeidelbergCement India Ltd posts higher Q2FY21 PAT of Rs. 62.40 crore



Posted On : 2020-10-23 14:52:42( TIMEZONE : IST )

HeidelbergCement India Ltd posts higher Q2FY21 PAT of Rs. 62.40 crore

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

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.523.88 crores during the period ended September 30, 2020 as compared to Rs.417.48 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.62.40 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.48.94 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.2.75 for the period ended September 30, 2020 as compared to Rs.2.16 for the period ended June 30, 2020.

FinancialsQ2 FY20-21Q1 FY20-21% Change
Total Income₹ 523.88 crs₹ 417.48 crsUp Tick 25.49%
Net Profit₹ 62.40 crs₹ 48.94 crsUp Tick 27.5%
EPS₹ 2.75₹ 2.16Up Tick 27.31%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.523.88 crores during the period ended September 30, 2020 as compared to Rs.534.62 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.62.40 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.58.15 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.2.75 for the period ended September 30, 2020 as compared to Rs.2.57 for the period ended September 30, 2019.

FinancialsQ2 FY20-21Q2 FY19-20% Change
Total Income₹ 523.88 crs₹ 534.62 crsDown Tick -2.01%
Net Profit₹ 62.40 crs₹ 58.15 crsUp Tick 7.31%
EPS₹ 2.75₹ 2.57Up Tick 7%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.941.36 crores during the 6 months period ended September 30, 2020 as compared to Rs.1135.68 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.111.34 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.137.18 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.4.91 for the 6 months period ended September 30, 2020 as compared to Rs.6.05 for the 6 months period ended September 30, 2019.

FinancialsHalf-Year Ended FY20-21Half-Year Ended FY19-20% Change
Total Income₹ 941.36 crs₹ 1135.68 crsDown Tick -17.11%
Net Profit₹ 111.34 crs₹ 137.18 crsDown Tick -18.84%
EPS₹ 4.91₹6.05Down Tick -18.84%
During Q2FY21:

- The Company achieved a volume of 1,108 KT, an increase of 29% over Q1FY21; showing positive sign of recovery in most markets post lockdown.

- Despite increase in fuel cost, the total operating cost per tonne remained lower; supported with higher prices helped the Company to improve EBITDA per tonne by 5% y/y.

- The Company continues to be net cash positive i.e. cash and cash equivalents exceed the debt.

- The Company is following all Government directives, including social distancing norms and taking all possible steps to mitigate the risk of the COVID 19 pandemic.

Shares of HEIDELBERGCEMENT INDIA LTD. was last trading in BSE at Rs.198.6 as compared to the previous close of Rs. 189.5. The total number of shares traded during the day was 88336 in over 2651 trades.

The stock hit an intraday high of Rs. 199.9 and intraday low of 178.5. The net turnover during the day was Rs. 17085605.

Source : Equity Bulls

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