 |
Analyst Meet / AGM
01-Aug-16
|
|
|
|
|
|
|
|
Conference Call
|
|
|
|
Heidelberg Cement India
|
|
Expects cement demand growth of 7-8% in FY17
|
|
|
|
|
|
The company has conducted a conference call on 29 July 2016 to discuss the financial performance for the first quarter ended June 2016 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 inclined 6.9% y-o-y to Rs 461.8 crore in Q1FY17. EBITDA margin expanded by 7.2% to 19.2%, thus, profit at EBITDA level went up 70.8% to Rs 88.6 crore. The company net profit zoomed to Rs 26.3 crore in Q1FY17 from Rs 3.4 crore in Q1FY16.
- Cement sales volumes stood at 1219 KT (thousand tonnes) in Q1FY17, higher by 3.34%. Gross realisation increased by 3.5% to Rs 3787 per tonne in Q1FY17. Capacity Utilization for Q1FY2017 ~85%. Trade: Non Trade Mix ~ 80:20 for Central India .
- The Company EBITDA/t improved to Rs 727 during Q1FY17. Improvement in pricing apart from saving in power costs due to commissioning of WHRP, lower fuel costs and lower cost for bags were the prime drivers for the increase in EBITDA.
- The Company operating cost declined on y-o-y basis primarily due to- Lower costs of Petcoke and Bags, Increased usage of petcoke, Withdrawal of busy season surcharge for May & June 2016 by Railways on cement, Savings from generation of power from Waste Heat Recovery based Power Generation Plant (WHRP) at Narsingarh.
- The Company overall operating cost (excl logistics)/tonne declined 3.5% y-o-y to Rs 2618 during Q1FY17. Logistics cost per tonne declined 9.3% to Rs 567 during Q1FY17.
- On the fuel mix, Petcoke usage maintained at 70% and remaining 30% is indigenous coal. On transportation, Rail: Road mix maintained at 50:50.
- The Company guides CAPEX of Rs 45-50 crore for FY17.
- The Company expects cement demand drive a growth of 7-8% in FY17 on the back of rural housing post monsoon, election in Uttar Pradesh, pickup in infrastructure projects in central India and Madhya Pradesh.
|
|
|
|
Previous News |
HeidelbergCement India standalone net profit rises 16.89% in the March 2019 quarter
(
Results
-
Announcements
24-May-19
17:00
)
|
|
|
Board of HeidelbergCement India approves change in directorate
(
Corporate News
-
09-Mar-24
13:45
)
|
|
|
HeidelbergCement India fixes record date for interim dividend
(
Market Beat
-
Reports
26-Nov-19
14:42
)
|
|
|
HeidelbergCement India
(
Results
-
Analysis
08-Feb-22
21:23
)
|
|
|
HeidelbergCement India announced change in Chairman
(
Corporate News
-
12-Feb-24
13:55
)
|
|
|
HeidelbergCement India reports standalone net loss of Rs 9.89 crore in the December 2014 quarter
(
Results
-
Announcements
06-Feb-15
19:04
)
|
|
|
Heidelberg Cement
(
Results
-
Analysis
01-Jun-20
12:24
)
|
|
|
HeidelbergCement India standalone net profit rises 50.48% in the September 2018 quarter
(
Results
-
Announcements
25-Oct-18
17:16
)
|
|
|
HeidelbergCement India to convene board meeting
(
Corporate News
-
24-May-23
12:59
)
|
|
|
Heidelberg Cement India to conduct board meeting
(
Corporate News
-
27-Jan-18
12:48
)
|
|
|
HeidelbergCement India standalone net profit rises 197.79% in the March 2016 quarter
(
Results
-
Announcements
24-May-16
17:57
)
|
|
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|
|
|
|
|
|