Reduce Heidelberg Cement; target of Rs 160: HDFC Securities

HDFC Securities recommended reduce rating on Heidelberg Cement with a target price of Rs 160 in its research report dated May 30, 2023.
01-06-2023

HeidelbergCement India net profit falls 62.6% to Rs 35 cr in March quarter

HeidelbergCement India Ltd on Monday reported a 62.64 per cent decline in its net profit to Rs 34.97 crore for the fourth quarter ended March 2023, on account of an increase in input costs and lower sales volume. The company had reported a net profit of Rs 93.61 crore in the January-March quarter of the preceding, HeidelbergCement India, a subsidiary of Germany-based HeidelbergCement AG, said in a BSE filing. Its total revenue from operation slipped 2.9 per cent to Rs 602.04 crore during the quarter under review against Rs 620.03 crore in the corresponding quarter previous fiscal. "Revenue decreased by 3 per cent Y-O-Y, driven by lower volume," the company said in its earning statement. Besides, total operating costs, including freight, increased by 11 per cent, mainly "due to higher input, transportation and other costs". HeidelbergCement India's total expenses increased 6.03 per cent to Rs 566.85 crore in Q4 FY23 against Rs 534.60 crore a year ago. Its total income in the March
29-05-2023
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HEIDELBERGCEMENT INDIA LTD. - 500292 - Board Meeting Outcome for Audited Financial Results For The Quarter And Financial Year Ended 31 March 2023 And Outcome Of The Board Meeting Held On 29 May 2023.

Audited Financial Results for the quarter and financial year ended 31 March 2023 and Outcome of the Board Meeting held on 29 May 2023.
29-05-2023
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HEIDELBERGCEMENT INDIA LTD. - 500292 - Audited Financial Results For The Quarter And Financial Year Ended 31 March 2023

Audited Financial Results for the quarter and financial year ended 31 March 2023.
29-05-2023
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