Centrum Broking: Heidelberg Cement Q2 Review - Steady Show; Pricing To Drive The Performance 
A construction worker shovels cement at a residential development under construction. (Photographer Victor J. Blue/Bloomberg)

Centrum Broking: Heidelberg Cement Q2 Review - Steady Show; Pricing To Drive The Performance 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. 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. Q2 FY21 delivered a steady performance driven by marginal realisation gains that offset the volume decline YoY.

The presence in best cement region helped restrict the revenue decline as focus was shifted on guarding prices with market share preference taking a back seat.

Effectively revenues declined by 1.6% to Rs 5.14 billion. Better cost (energy) controls measures helped to control cost inflation (approximately 1% decline) with a marginal slide.

Effectively the company maintained Ebitda margins at 25% as Ebitda rose 3% YoY to Rs 1.26 billion.

Click on the attachment to read the full report:

Centrum Broking Heidelberg Cement Q2FY21 Result Update.pdf


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