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The company’s revenue increased by 11.9% year-over-year (YoY) to Rs 566.5 crore in the quarter ended on 30 September 2023. Sales volume rose by 16.3% to 1,163 KT in Q2 FY24 in 999 KT in Q2 FY23.
EBITDA improved by 46.1% to Rs 69.5 crore and EBITDA margin increased by 287 bps to 12.3% in the second quarter of FY24.
On a per tonne basis, operating cost including freight decreased by 7% YoY mainly due to decrease in fuel prices. EBITDA per tonne increase to Rs 598, up 26% YoY
As at 30 September 2023, cash & bank balance stood at Rs 531.9 crore as against interest free borrowings of Rs 201 crore.
HeidelbergCement India is a subsidiary of HCAG, Germany. The company operates in central India in Damoh (Madhya Pradesh) and Jhansi (Uttar Pradesh) and in southern India in Ammasandra (Karnataka).
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