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Results
08-Feb-22
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Analysis
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HeidelbergCement India
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PAT down 52% YoY due to increase in fuel, packaging and diesel cost
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On standalone basis
Quarter ended December 2021 compared with Quarter ended December 2020.
Net sales (including other operating
income) of HeidelbergCement India has declined 8.53% to Rs 544.52
crore.
Operating profit margin has declined
from 20.19% to 12.57%, leading to 43.07% decline in operating profit to Rs
68.44 crore. Raw material cost as a % of total sales (net of stock
adjustments) increased from 17.68% to 20.85%. Employee cost
increased from 5.52% to 5.73%. Other expenses rose from 56.02% to
60.66%. Power and Oil fuel cost rose from 24.47% to 28.52%.
Freight charges fell from 13.25% to 12.98%.
Other income up 4.33% to Rs 12.29
crore. PBIDT fell 38.84% to Rs 80.73 crore. Provision for
interest fell 20.19% to Rs 9.88 crore.
PBDT fell 40.77% to Rs 70.85 crore. Provision
for depreciation rose 1.76% to Rs 28.32 crore.
Profit before tax down 53.66% to Rs
42.53 crore. Provision for tax was expense of Rs 12.09 crore,
compared to Rs 28.16 crore. Effective tax rate was 28.43% compared
to 30.68%.
Profit after tax fell 52.15% to Rs
30.44 crore.
Promoters’ stake was 69.39% as of 31
December 2021 ,compared to 69.39% as of 31 December 2020 .
For year-to-date (YTD) results
analysis
Net sales (including other operating
income) of HeidelbergCement India has increased 10.56% to Rs 1,676.93
crore.
Operating profit margin has declined
from 23.37% to 18.84%, leading to 10.86% decline in operating profit to Rs
315.99 crore. Raw material cost as a % of total sales (net of stock
adjustments) increased from 17.39% to 19.68%. Employee cost
decreased from 6.00% to 5.69%. Other expenses rose from 52.91% to
55.85%. Power and Oil fuel cost rose from 22.56% to 26.53%.
Freight charges fell from 13.13% to 12.94%.
Other income up 15.68% to Rs 36.66
crore. PBIDT fell 8.68% to Rs 352.65 crore. Provision for
interest fell 25.01% to Rs 31.27 crore.
PBDT fell 6.71% to Rs 321.38
crore. Provision for depreciation rose 0.63% to Rs 84.09
crore.
Profit before tax down 9.06% to Rs
237.29 crore. Provision for tax was expense of Rs 78.64 crore,
compared to Rs 85.96 crore. Effective tax rate was 33.14% compared
to 32.94%.
Profit after tax fell 9.32% to Rs
158.65 crore.
Promoters’ stake was 69.39% as of 31
December 2021 ,compared to 69.39% as of 31 December 2020 .
Full year results analysis
Net sales (including other operating income) of HeidelbergCement India has
declined 2.44% to Rs 2,116.67 crore.
Operating profit margin has declined
from 24.33% to 23.94%, leading to 4.01% decline in operating profit to Rs
506.64 crore. Raw material cost as a % of total sales (net of stock
adjustments) decreased from 17.72% to 17.44%. Employee cost
decreased from 6.06% to 6.03%. Other expenses rose from 51.83% to
52.55%. Power and Oil fuel cost rose from 21.88% to 23.10%.
Freight charges fell from 13.30% to 13.13%.
Other income fell 11.89% to Rs 46.46
crore. PBIDT fell 4.72% to Rs 553.1 crore. Provision for
interest fell 31.14% to Rs 50.85 crore. Loan funds rose to Rs 306.33
crore as of 31 March 2021 from Rs 287.73 crore as of 31 March 2020. Inventories
rose to Rs 160.71 crore as of 31 March 2021 from Rs 145.76 crore as of 31 March
2020. Sundry debtors were higher at Rs 33.32 crore as of 31 March
2021 compared to Rs 25.67 crore as of 31 March 2020. Cash and bank
balance declined from Rs 470.62 crore as of 31 March 2020 to Rs 431.65 crore as
of 31 March 2021.
PBDT fell 0.87% to Rs 502.25
crore. Provision for depreciation rose 2.23% to Rs 111.03
crore. Fixed assets declined from Rs 1,708.79 crore as of 31 March
2020 to Rs 1,637.14 crore as of 31 March 2021. Intangible assets
declined from Rs 0.23 crore to Rs 0.21 crore.
Profit before tax down 1.72% to Rs
391.22 crore. Provision for tax was expense of Rs 76.27 crore,
compared to Rs 130 crore. Effective tax rate was 19.50% compared to
32.66%.
Profit after tax rose 17.49% to Rs
314.95 crore.
Promoters’ stake was 69.39% as of 31
March 2021 ,compared to 69.39% as of 31 March 2020 .
Cash flow from operating activities
decreased to Rs 439.45 crore for year ended March 2021 from Rs 458.74 crore for
year ended March 2020. Cash flow used in acquiring fixed assets
during the year ended March 2021 stood at Rs 48.46 crore, compared to Rs 43.54
crore during the year ended March 2020.
| HeidelbergCement India : Standalone Results | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202112 | 202012 | Var.(%) | 202112 | 202012 | Var.(%) | 202103 | 202003 | Var.(%) |
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| Net Sales (including other operating income) | 544.52 | 595.27 | -8.53 | 1,676.93 | 1,516.72 | 10.56 | 2,116.67 | 2,169.62 | -2.44 | | OPM (%) | 12.57 | 20.19 | -763 bps | 18.84 | 23.37 | -453 bps | 23.94 | 24.33 | -39 bps | | OP | 68.44 | 120.21 | -43.07 | 315.99 | 354.49 | -10.86 | 506.64 | 527.79 | -4.01 | | Other Inc. | 12.29 | 11.78 | 4.33 | 36.66 | 31.69 | 15.68 | 46.46 | 52.73 | -11.89 | | PBIDT | 80.73 | 131.99 | -38.84 | 352.65 | 386.18 | -8.68 | 553.10 | 580.52 | -4.72 | | Interest | 9.88 | 12.38 | -20.19 | 31.27 | 41.7 | -25.01 | 50.85 | 73.85 | -31.14 | | PBDT | 70.85 | 119.61 | -40.77 | 321.38 | 344.48 | -6.71 | 502.25 | 506.67 | -0.87 | | Depreciation | 28.32 | 27.83 | 1.76 | 84.09 | 83.56 | 0.63 | 111.03 | 108.61 | 2.23 | | PBT | 42.53 | 91.78 | -53.66 | 237.29 | 260.92 | -9.06 | 391.22 | 398.06 | -1.72 | | PBT before EO | 42.53 | 91.78 | -53.66 | 237.29 | 260.92 | -9.06 | 391.22 | 398.06 | -1.72 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 42.53 | 91.78 | -53.66 | 237.29 | 260.92 | -9.06 | 391.22 | 398.06 | -1.72 | | Taxation | 12.09 | 28.16 | -57.07 | 78.64 | 85.96 | -8.52 | 76.27 | 130 | -41.33 | | PAT | 30.44 | 63.62 | -52.15 | 158.65 | 174.96 | -9.32 | 314.95 | 268.06 | 17.49 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 30.44 | 63.62 | -52.15 | 158.65 | 174.96 | -9.32 | 314.95 | 268.06 | 17.49 | | EPS (Rs)* | 1.34 | 2.81 | -52.15 | 7.00 | 7.72 | -9.32 | 13.90 | 11.83 | 17.49 | | | * EPS is on current equity of Rs 226.61 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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Peer Comparision (Standalone)
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Q-202112
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Sales
(Rs. Crs)
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var.(%)
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OP
(Rs. Crs)
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var.(%)
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Net Profit
(Rs. Crs)
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var.(%)
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Share Price(Rs)
07-Feb-2022
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var.(%)
over
One year
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TTM EPS
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TTM PE
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HeidelbergCement India Ltd
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536.29
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-9.48
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68.44
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-43.07
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30.44
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-52.15
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228.05
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-5.45
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13.18
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16.70
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Birla Corporation Ltd
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1,116.58
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-5.73
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95.19
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-38.28
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20.72
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-76.64
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1,317.10
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60.45
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47.69
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27.80
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Burnpur Cement Ltd
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35.72
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-6
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-32.74
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-40825
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-5.39
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68.59
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7.21
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246.63
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-6.72
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-
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Gujarat Sidhee Cement Ltd
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178.17
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15.66
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11.03
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585.09
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5.18
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LP
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49.20
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38.40
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4.24
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11.34
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J K Cements Ltd
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1,940.40
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10.24
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370.78
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-17.39
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167.34
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-29.77
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3,327.30
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44.35
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85.91
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38.43
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JK Lakshmi Cement Ltd
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1,193.41
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0.05
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146.41
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-23.67
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59.24
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-42.1
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559.40
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51.91
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35.15
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15.61
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Prism Johnson Ltd
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1,451.66
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6.1
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121.09
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-24.91
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18.09
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-74.34
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133.20
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29.76
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4.61
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27.79
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Saurashtra Cement Ltd
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192.25
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-6.89
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11.48
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-66.36
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4.07
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-80.32
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79.40
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36.66
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5.90
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13.19
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Shree Cement Ltd
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3,551.76
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7.32
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825.53
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-24.19
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491.99
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-21.44
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24,868.15
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-11.24
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692.63
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35.78
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Shree Digvijay Cement Co. Ltd
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151.57
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5.65
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19.15
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-28.92
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7.27
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-48.15
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72.75
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23.72
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4.85
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14.72
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Star Cement Ltd
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540.09
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33.75
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36.03
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446.74
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23.86
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-43.77
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93.70
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-8.09
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4.04
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23.10
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Udaipur Cement Works Ltd
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207.76
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13.44
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27.91
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-23.39
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5.39
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-65.34
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35.95
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56.64
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1.90
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18.69
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UltraTech Cement Ltd
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12,470.62
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5.41
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2,221.47
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-24.56
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1,631.50
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5.24
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7,475.30
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17.36
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221.37
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33.55
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Industry
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23,566.28
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5.36
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3,921.77
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-24.8
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2,459.70
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-12.63
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3,79,175.23
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35.58
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23.18
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Previous News |
HeidelbergCement India to convene board meeting
(
Corporate News
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08-Jul-22
12:49
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HeidelbergCement India standalone net profit declines 88.23% in the September 2022 quarter
(
Results
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Announcements
17-Oct-22
15:25
)
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HeidelbergCement India standalone net profit rises 463.98% in the December 2023 quarter
(
Results
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Announcements
31-Jan-24
18:02
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Board of HeidelbergCement India recommends final dividend
(
Corporate News
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30-May-23
15:19
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HeidelbergCement India to hold board meeting
(
Corporate News
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07-Oct-22
14:07
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Heidelberg
(
Results
-
Analysis
23-Jul-21
08:49
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Heidelberg Cement India
(
Analyst Meet / AGM
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Conference Call
01-Aug-19
09:32
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HeidelbergCement tumbles after weak Q2 performance
(
Hot Pursuit
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17-Oct-22
15:22
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Heidelberg Cement India
(
Analyst Meet / AGM
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Conference Call
02-Jun-21
12:10
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HeidelbergCement India standalone net profit rises 49.25% in the March 2017 quarter
(
Results
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Announcements
26-May-17
15:29
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Board of HeidelbergCement India recommends interim dividend
(
Corporate News
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25-Nov-19
10:01
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