HeidelbergCement India Ltd's Q2FY17 standalone net profit rises 650% yoy to Rs.16.50 crore : Beats Estimates

India Infoline Research Team | November 15, 2016 10:46 IST

HeidelbergCement India Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 463 [1.1]
EDITDA 73 44.0
EBITDA Margin (%) 15.8 492
Net Profit (adjusted) 17 650
***EBITDA margin change is bps

HeidelbergCement’'s Q2FY17 standalone numbers came in above our estimates. Revenue for the period came in 18.9% above the estimate of Rs 389 cr. EBITDA came in 25.2% above the estimate of Rs 58 cr. And net profit for the period was 32% above the estimated figure of Rs 13 cr.
 
Net revenue for the quarter fell 1.1% yoy to Rs 463 cr. The company achieved a quarterly sales volume of 1 million tons.
 
However, EBITDA for the period rose 44% yoy to Rs 73 cr with EBITDA margins expanding 492 bps to 15.7%. This was primarily due to a 9.3% yoy decline in cost of materials consumed and a 7.9% yoy drop in other expenses. Improvement in realizations per ton of 2.7% yoy further aided margins.
 
And strong operational performance aided the company achieve a net profit of Rs 16.5 cr versus a net profit of 2.2 cr during the same period last year.


Technical View:

HeidelbergCement India Ltd is currently trading at Rs. 113.95, down by 9.3 points or 7.55% from its previous closing of Rs. 123.25 on the BSE.
The scrip opened at Rs. 123.5 and has touched a high and low of Rs. 125.6 and Rs. 113 respectively. So far 291774(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 109.90 [0.60] ([0.54]%)
NSE 110.00 [0.60] ([0.54]%)

***Note: This is a NSE Chart

 

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