Centrum Broking: Heidelberg Cement Q1 Review - Presence In Healthy Region To Guard Earnings

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Centrum Broking Report.Heidelberg Cement India Ltd. Q1 FY21 performance was driven by realisations as volumes declined 32% YoY due to countrywide lockdown. The presence in best cement region helped restrict the revenue decline at approximately 30% to Rs 4.06 billion as realisations gained 2.4% YoY.Additionally, better cost (energy) controls measures helped to cap cost inflation at 2%. Effectively Heidelberg Cement maintained Ebitda margins at 26% as Ebitda fall was 32% YoY to Rs1.08 billion.With no surprises in depreciation and interest expenses, adjusted profit after tax fell 38% YoY to Rs 489 million.Heidelberg Cement’s focus on retail segment (89% trade sales in Central India) and preference towards pricing gains over volume will help it to maintain Ebitda margins approximately 23%24%..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Centrum Broking: Heidelberg Cement Q1 Review - Presence In Healthy Region To Guard Earnings

Centrum Broking: Heidelberg Cement Q1 Review - Presence In Healthy Region To Guard Earnings

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