HeidelbergCement India Q4: Profit falls 10% despite revenue growth; margin contracts

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HeidelbergCement India Ltd. reported a decline in March quarter profitability despite posting growth in revenue, as margins came under pressure during the period.

The cement maker reported a 10.5% year-on-year drop in net profit of ₹45.2 crore for Q4FY26 from ₹50.4 crore in the year-ago quarter. Its revenue rose 5.5% YoY to ₹646.2 crore from ₹612.5 crore.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) declined 3.2% to ₹87.9 crore from ₹90.6 crore a year earlier, while EBITDA margin contracted to 13.6% from 14.8%.

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The company said revenue growth during the quarter was driven by a 7.8% increase in sales volumes, which was partly offset by a nearly 2% decline in prices. Sales volumes for the quarter rose to 1.35 million tonnes from 1.26 million tonnes a year ago.

HeidelbergCement India added that total operating cost, including freight, declined around 1% on a per-tonne basis during the quarter. However, EBITDA per tonne fell 10% YoY to ₹649 from ₹722.

The company also said that it increased non-grid power consumption to around 50% by using multiple power sources, including waste heat recovery systems, long-term power purchase agreements and spot power purchases through energy exchanges.

During the quarter, the company was declared the preferred bidder for two limestone mining blocks in Madhya Pradesh — the Khajuri Deora block with estimated reserves of around 62 million tonnes and the Kuria-Sivpur block with reserves of around 105 million tonnes.

For FY26, HeidelbergCement India reported revenue of ₹2,329.6 crore, up 8.4% from ₹2,148.9 crore in FY25, while annual net profit rose 25.5% to ₹134 crore from ₹106.8 crore a year ago.

The board recommended a final dividend of ₹7 per equity share for FY26, subject to shareholder approval.

Shares of the company ended 2.15% higher at ₹162.38, following the results announcement. The stock has declined more than 20% over the last year.



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