Heidelberg Cement shares fell in trade after the company reported a mixed set of financial results for the second quarter, with higher revenue but lower profit and weaker operating performance.
The company’s revenue rose 11% year-on-year to ₹567.7 crore in Q2, compared with ₹512 crore in the corresponding period last year. However, net profit declined 33.2% to ₹16.7 crore from ₹25 crore a year ago.
Operating performance remained under pressure during the quarter, with earnings before interest, tax, depreciation and amortisation (EBITDA) falling 16.5% year-on-year to ₹48 crore from ₹57.5 crore.
The EBITDA margin, which measures operating profit as a share of revenue, narrowed to 8.46% in Q2 from 11.24% a year earlier, a decline of 278 basis points.
Heidelberg Cement shares fell close to 1.5% in the day’s trade. The stock has declined more than 20% over the past three months, slipping to ₹123.25 per share.
