Analyst Meet / AGM 31-Jul-15
Conference Call
Heidelberg Cement India
Expects 10% volume growth in FY 2016
The company has conducted a conference call on 30
th
July 2015 to discuss the financial performance for the quarter ended June 2015 and way forward. Mr. Jamshed Naval Cooper –CEO & Managing Director and Mr. Anil Sharma –Chief Financial Officer of the Company, addressed the conference call.
Key highlights
The company net sales increased by 6.9% to Rs 431.80 crore in Q2CY15 on account of 14.1% increase in cement dispatches to the highest ever of 1.18 million tonnes which was partially off-set by decrease in realisation. The average realisation per tonne decreased by 6.3% to Rs 3659 per tonne.
The total expenses of the company increased to Rs 41.05 crore compared with Rs 36.68 crore in the corresponding quarter of previous fiscal. The company reported 72% drop in net profit at Rs 3.35 crore.
Overall cost per tonne remained flat on year-on-year basis but increased sequentially due to planned shutdown of kiln in Q1 FY 2015-16 and increase in railway freight. The freight cost per tonne reduced by 5.8% YoY to Rs 567 per tonne.
Petcoke usage maintained at > 60% at Narsingarh.
EBITDA decreased by 26% to Rs 51.7 crore, because of decrease in realisation. EBITDA margin declined 530 bps to 12%.
The Company expects a 10% volume growth in FY 2016.
Projects update
Narsingarh: Waste Heat Power Generation (WHPG) Project- Main civil construction is completed. Mechanical/ electrical erection is ongoing at full swing. Hydrotest for 3 boilers of line 3 is completed. WHPG projects expected to commence before end of FY 2016 and would likely generate 12-13 MW power at cheaper price.
Imlai: Flyash Silo Project-
Silo slip forming work has been completed. Ordering of main supply and service packages is completed. Next activity: silo cone construction. Projects expected to commence operation by end of FY 2016.
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