Q4FY21 Company Update - Heidelberg Cement - ICICI Direct

Heidelberg Cement reported revenue growth of 14.1% YoY, mainly on the back of 14.9% YoY jump in volumes to 1.25 MT during Q4FY21. Capacity utilisation was at 80% for the quarter while for the full year it was at 72% despite pandemic vs. 87% last year. EBITDA/tonne, however, fell 8.3% YoY to Rs. 1067/t (vs. Rs. 1164/t last year) mainly on account of a sharp jump in the power & fuel costs (up 17.1% YoY to Rs. 1202/t). Higher dependence on grid power and increase in the petcoke & international coal prices led to increase in fuel cost. PBT of Rs. 130.2 crore were up 29.4% YoY due to higher other income as it included receipt of Rs. 18.6 crore towards SGST incentive from the Madhya Pradesh government. On the b/s front, the company repaid second tranche of NCD worth Rs. 125 crore. The board has proposed a final dividend of Rs. 8/share for FY21 to be paid subject to approval in the AGM.

For details, click on the link below: Link to the report

Shares of HEIDELBERGCEMENT INDIA LTD. was last trading in BSE at Rs.250.05 as compared to the previous close of Rs. 252.35. The total number of shares traded during the day was 32960 in over 2645 trades.

The stock hit an intraday high of Rs. 255.95 and intraday low of 249.35. The net turnover during the day was Rs. 8264843.

Source : Equity Bulls

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