HeidelbergCement India Ltd Q2FY17
Standalone Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||15.8||492|
|Net Profit (adjusted)||17||650|
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.
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 165.10 6.40 (4.03%)
NSE 165.30 6.40 (4.03%)
***Note: This is a NSE Chart
- Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
- Now Save Rs.3150 on your Demat Account ...Click here
- Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
- Get the most detailed result analysis on the web - Real Fast!
- Actionable & Award-Winning Research on 500 Listed Indian Companies.