Latest News | HeidelbergCement India Q2 Net Profit Up 7.3 Pc to Rs 62.4 Cr
Get latest articles and stories on Latest News at LatestLY. HeidelbergCement India Ltd on Friday reported a 7.3 per cent rise in net profit at Rs 62.40 crore for the second quarter ended September 2020.
New Delhi, Oct 23 (PTI) HeidelbergCement India Ltd on Friday reported a 7.3 per cent rise in net profit at Rs 62.40 crore for the second quarter ended September 2020.
The company had reported a net profit of Rs 58.15 crore in July-September quarter a year ago, HeidelbergCement India said in a BSE filing.
However, its total revenue from operation declined 1.61 per cent to Rs 513.75 crore during the quarter under review from Rs 522.16 crore in the corresponding quarter of previous fiscal.
Total expenses declined 3.46 per cent to Rs 429.23 crore in the quarter under review from Rs 444.64 crore a year ago.
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According to the company, its sales volume declined 2.29 per cent to 1,108 KT during the quarter from 1,134 KT in the corresponding quarter last year.
However, volume grew 29 per cent over April-June quarter, "showing positive sign of recovery in most markets post lockdown",
Shares of HeidelbergCement India Ltd on Friday closed 3.67 per cent lower at Rs 190.05 on the BSE.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)