HeidelbergCement India (500292) Q2 24/25 earnings summary

Executive summary

• Revenue for Q2 FY25 declined 18.5% year-over-year to ₹4,614 million, with sales volumes down 15.3% and prices lower by about 4%.

• EBITDA for the quarter dropped 46.1% year-over-year to ₹375 million, with EBITDA margin at 8.1%.

• Profit after tax for Q2 FY25 was ₹112 million, a 68.7% decrease year-over-year.

• For the half year ended September 2024, revenue fell 14.5% and profit after tax declined 42% year-over-year.

Financial highlights

• Six-month revenue was ₹9,936 million, down from ₹11,621 million year-over-year.

• Six-month EBITDA was ₹1,155 million, down 28.9% year-over-year.

• Six-month profit after tax was ₹511 million, compared to ₹881 million in the prior year.

• EBITDA per tonne for the quarter was ₹380, down 36.4% year-over-year.

• Earnings per share for the half year was ₹2.26, compared to ₹3.89 year-over-year.

Outlook and guidance

• Debottlenecking project at Narsingarh clinker plant is progressing and expected to complete by Q4 FY25.

• Manufacturing tie-up with HimalayaHeight Cement began in August 2024 to support supply.