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HeidelbergCement India Ltd Q1FY22 net profit at Rs. 68.65 crores



Posted On : 2021-07-22 14:58:32( TIMEZONE : IST )

HeidelbergCement India Ltd Q1FY22 net profit at Rs. 68.65 crores

HEIDELBERGCEMENT INDIA LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.566.45 crores during the period ended June 30, 2021 as compared to Rs.614.72 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.68.65 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.139.99 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.3.03 for the period ended June 30, 2021 as compared to Rs.6.18 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 566.45 crs₹ 614.72 crsDown Tick -7.85%
Net Profit₹ 68.65 crs₹ 139.99 crsDown Tick -50.96%
EPS₹ 3.03₹ 6.18Down Tick -50.97%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.566.45 crores during the period ended June 30, 2021 as compared to Rs.417.48 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.68.65 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.48.94 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.3.03 for the period ended June 30, 2021 as compared to Rs.2.16 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 566.45 crs₹ 417.48 crsUp Tick 35.68%
Net Profit₹ 68.65 crs₹ 48.94 crsUp Tick 40.27%
EPS₹ 3.03₹ 2.16Up Tick 40.28%

- During Jun'21Q, volume increased by c. 38% y/y mainly driven by base effect of national lockdown in the corresponding period of Jun'20Q.

- On a per tonne basis, gross realization decreased by c.2%, and total operating cost (incl. freight) increased by 2.7% y/y mainly due to higher fuel and packaging cost. The increase in operating cost was partially offset by increase in other operating income mainly pertaining to SGST incentive from Govt. of Madhya Pradesh.

- The Company reported EBITDA of Rs. 1,107 per tonne in Jun'21Q, decrease of c.12% as compared to Jun'20Q.

- As at June 30, 2021, the Company has net cash balance of c. Rs. 2.3 billion.

- In its commitment towards CO2 reduction, the Company has made a target of CO2 emission reduction from 511 Kgs per tonne of cement in 2020 to 500 Kgs per tonne of cement by 2025.

Shares of HEIDELBERGCEMENT INDIA LTD. was last trading in BSE at Rs. 265.35 as compared to the previous close of Rs. 263.55. The total number of shares traded during the day was 138001 in over 3902 trades.

The stock hit an intraday high of Rs. 275.45 and intraday low of 260.95. The net turnover during the day was Rs. 37016775.

Source : Equity Bulls

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