Net profit of HeidelbergCement India declined 38.07% to Rs 48.94 crore in the quarter ended June 2020 as against Rs 79.03 crore during the previous quarter ended June 2019. Sales declined 30.25% to Rs 406.27 crore in the quarter ended June 2020 as against Rs 582.44 crore during the previous quarter ended June 2019.

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HeidelbergCement India will hold a meeting of the Board of Directors of the Company on 22 July 2020.

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Profit before Tax (PBT) stood at Rs 100.58 crore in Q4 March 2020, rising 6% from Rs 94.93 crore in Q4 March 2019. Current tax expenses fell 13.60% to Rs 17.28 crore in Q4 March 2020 over Q4 March 2019.

Sales volume for Q4 March 2020 1090 kilotonne (KT), declining 10% from 1211 KT in Q4 March 2019. EBITDA rose 1.9% to to Rs 127.3 crore in quarter ending March 2020 as against Rs 124.9 crore posted in the same period last year. EBITDA margin grew by 164 basis points to 25% in Q4 March 2020 from 23.4% in Q4 March 2019. EBITDA per tonne jumped 13.2% to Rs 1,168 in Q4 March 2020 from Rs 1032 in Q4 March 2019.

The company suspended manufacturing operations in its plants during the last week of March 2020 which marginally impacted the performance during the quarter and financial year ended 31 March 2020. The operations partially resumed from mid-April 2020.

The board recommended a final dividend of Rs. 6 per equity share for the financial year (FY) 2019-20, subject to the approval of the shareholders.

HeidelbergCement India is a subsidiary of HeidelbergCement AG, 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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HeidelbergCement India announced that the Board of Directors of the Company at its meeting held on 28 May 2020, has recommended a Final dividend of Rs.6 per share (i.e.60%), subject to the approval of the shareholders.

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