Gurugram, January 30, 2025 – HeidelbergCement India Limited announced its unaudited financial results for the third quarter (Q3) and nine months ended December 31, 2024, reflecting a decline in revenue and profitability due to lower sales volumes and pricing pressures.
Key Financial Highlights (₹ in Million)
| Particulars | Q3 FY25 | Q3 FY24 | YoY Change | 9M FY25 | 9M FY24 | YoY Change |
|---|---|---|---|---|---|---|
| Revenue (Net of Taxes) | 5,428 | 6,071 | -10.6% | 15,364 | 17,692 | -13.2% |
| EBITDA | 333 | 654 | -49.2% | 1,488 | 2,278 | -34.7% |
| EBITDA Margin (%) | 6.1% | 10.8% | -465 bps | 9.7% | 12.9% | -319 bps |
| Profit After Tax (PAT) | 52 | 315 | -83.5% | 563 | 1,196 | -52.9% |
| EBITDA per Tonne (₹) | 291 | 542 | -46.3% | 456 | 638 | -28.4% |
Operational Performance
- Sales volume for the quarter declined 5.3% YoY to 1,144 KT, while nine-month volumes fell by 8.8% YoY to 3,259 KT.
- The revenue drop was due to lower volumes (-5.3%) and price reductions (-5.6%).
- EBITDA per tonne declined sharply, 46.3% year over year, primarily due to reduced sales volume and pricing pressure.
Segment-Wise Performance
The company continues to operate in a single business segment, focusing on cement production and sales. No segment diversification was reported.Corporate Announcements
- Sustainability Initiatives: Entered into a long-term green power purchase agreement for an additional 25 GWh per annum for its Narsingarh & Imlai plants in Madhya Pradesh.
- Strong Liquidity Position: As of December 31, 2024, the company's cash & bank balance stood at ₹4,328 million, with interest-free borrowings of ₹687 million, resulting in a net cash position of ₹3,641 million.
Management Commentary
Joydeep Mukherjee, Managing Director, stated:Strategic Outlook
- Market Challenges: Continued demand volatility and cost pressures in raw materials and logistics could impact near-term growth.
- Efficiency Measures: Focus remains on cost optimization, supply chain efficiency, and green energy adoption.
- Industry Prospects: A potential recovery in infrastructure projects and housing demand may provide future growth momentum.