Summary

HeidelbergCement India Limited announced its unaudited financial results for the quarter ended December 31, 2024. The company's revenue decreased by 10.6% year-over-year (y/y) due to a 5.3% decrease in volume and a 5.6% decrease in price. The EBITDA per tonne decreased to INR 291, a decrease of 46.3% y/y due to lower volume and prices. The company entered into a long-term green power purchase agreement for additional c. 25 GwH p.a. for its Narsingarh & Imlai plants in Madhya Pradesh.

Key Highlights

1. 1

   Revenue down by 10.6% y/y due to decrease in volume by 5.3% and price by 5.6%

2. 2

   EBITDA per tonne decreased by 46.3% y/y due to lower volume and prices

3. 3

   Entered into long-term green power purchase agreement for additional c. 25 GwH p.a.

4. 4

   Cash & bank balance stood at INR 4,328 million as of Dec 31, 2024

5. 5

   Interest-free borrowings of INR 687 million, resulting in net cash of INR 3,641 million