on Tuesday reported a4.55 per cent decline in its net profit to Rs59.56 crore for the alternate quarter ended September 2021 on account of increased operating cost.
The company had reported a net profit of Rs62.4 crore in the July-September quarter of the last time, HeidelbergCement India said in a BSE form.
Its profit from operations was over11.03 per cent to Rs569.24 crore during the quarter under review as against Rs512.69 crore in the time-ago quarter.
” Total operating cost (incl. freight) per tonne increased by6.7 per cent y/ y substantially due to significant increase in energy, packaging and diesel costs,” the company said in a post earning statement.
HeidelbergCement India total charges were at Rs crore, up16.35 per cent in Q2/ FY 2021-22, as against Rs crore.
According to the company, its deals volume was up11.1 per cent to KT during the quarter as against KT of the matching quarter.
” Volume increased by 11 y-o-y whereas average selling price remain flattish,” said HeidelbergCement India, a attachment of HeidelbergCement Group, Germany.
“During Jun’21Q, volume increased by 38 per cent y-o-y substantially driven by base effect of public lockdown in the matching period of Jun’20Q,” the company said.
Meanwhile, in a separate form, HeidelbergCement India said its independent director/ Speaker Akila Krishnakumar has abnegated from the position and the board has accepted her abdication.
“The Board of Directors has appointed Ramakrishnan Ramamurthy who’s an independent director of the company, as Chairman of the Board of Directors with effect from October 20, 2021 in place of Akila Krishnakumar,” it said.
Shares of HeidelbergCement India Ltd on Tuesday settled at Rs247.80 on BSE, down4.03 per cent from the former close.
