Heidelberg Cement Q2FY19 profit jumps 50 per cent

Heidelberg Cement reported its results for the quarter ended September 30, 2018.

The company's standalone revenue for the quarter came in at Rs. 485.85 crore as against Rs. 425.88 crore in the corresponding quarter last year, registering an increase of 14.1 per cent YoY.

In terms of volumes, total sales volume for the quarter stood at 1125KT, an increase of 5.8 per cent YoY. This volume growth was led by pick-up in construction activities as availability of construction material improved in most parts of central India, especially in Uttar Pradesh.
  
The EBITDA for the quarter rose by 24.9 per cent YoY to Rs. 116.58 crore as against Rs 93.32 crore in the corresponding quarter last year, with a corresponding margin expansion of 208 bps. The EBITDA margin for the quarter stood at 24 per cent. The company has reported highest ever quarterly EBITDA per tonne of Rs. 1036 vs Rs. 878 in Q2FY18.
  
The rise in fuel prices was partially offset by increase in power generation from waste heat recovery system. The company also started sourcing economical power from central India during the quarter.

The PAT for the quarter came in at Rs. 50.08 crore as against Rs. 33.28 crore in the corresponding quarter last year, an increase of 50 per cent YoY.

The board has declared an interim dividend of Rs. 1 per equity share of Rs. 10 each.

Today, the stock opened at Rs. 123.40 and made an intra-day high of Rs. 132.50 on the BSE.