HeidelbergCement India Ltd., a leading cement manufacturer, reported its financial results for the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).
Q4FY24 Financial Highlights:
Revenue: Declined marginally by ~1% YoY (year-on-year) due to a 4.7% decrease in prices, partially offset by a 4% increase in sales volume.
Operating Cost: Decreased by ~8.4% YoY on a per tonne basis due to lower power and fuel expenses. The company increased its consumption of alternative fuels by 10%.
EBITDA: Increased by ~16% YoY to ₹659 per tonne.
Profit After Tax (PAT): ₹482 million, representing a 38% YoY growth.
FY24 Financial Highlights:
Financial performance details for the full fiscal year (FY24) are not explicitly mentioned in the available information.
Key Points:
Decline in Prices: Q4FY24 saw a decrease in prices due to market conditions and the discontinuation of a state SGST incentive.
Cost Optimization: The company successfully reduced its operating costs through measures like increased use of alternative fuels and power sourcing options.
Increased Profitability: Despite the decline in revenue, HeidelbergCement India managed to increase its profitability due to cost reduction efforts.
For further information and analysis, you can refer to the following resources:
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/heidelbergcement-india-ltd
Heidelberg Materials Investor Relations: https://www.heidelbergmaterials.com/en/investor-relations/reports-and-presentations
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