Companies

HeidelbergCement India Q2 net up 7.3 per cent to Rs 62.4 cr

PTI New Delhi | Updated on October 23, 2020 Published on October 23, 2020

Volumes grew 29 per cent showing signs of recovery

HeidelbergCement India Ltd on Friday reported a 7.3 per cent rise in net profit at Rs 62.40 crore for the second quarter ended September 2020.

The company had reported a net profit of Rs 58.15 crore in July-September quarter a year ago.

However, its total revenue from operation declined 1.61 per cent to Rs 513.75 crore during the quarter from Rs 522.16 crore in the corresponding quarter of previous fiscal.

Total expenses declined 3.46 per cent to Rs 429.23 crore in the quarter from Rs 444.64 crore a year ago.

According to the company, its sales volume declined 2.29 per cent to 1,108 KT during the quarter from 1,134 KT in the corresponding quarter last year.

However, volumes grew 29 per cent over April-June quarter, “showing positive sign of recovery in most markets post lockdown”,

Shares of HeidelbergCement India Ltd on Friday closed 3.67 per cent lower at Rs 190.05 on the BSE.

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Published on October 23, 2020
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