HeidelbergCement India (500292) Q3 24/25 earnings summary

Executive summary

• Revenue for the quarter ended December 31, 2024, declined 10.6% year-over-year, driven by a 5.3% drop in sales volumes and a 5.6% decrease in prices.

• EBITDA fell 49.2% year-over-year for the quarter, with EBITDA margin dropping 465 basis points to 6.1%.

• Profit after tax for the quarter was 52 million, down 83.5% from the same period last year.

Financial highlights

• Quarterly revenue: 5,428 million, down from 6,071 million year-over-year.

• EBITDA for the quarter: 333 million, compared to 654 million a year ago.

• Net profit for the quarter: 52 million, compared to 315 million in the prior year.

• Earnings per share for the quarter: 0.23.

• Cash and bank balance as of December 31, 2024: 4,328 million; net cash position of 3,641 million.

Outlook and guidance

• Entered into a long-term green power purchase agreement for approximately 25 GwH per annum for Narsingarh & Imlai plants.