Its revenue from operations was up 11.03 per cent to Rs 569.24 crore during the quarter under review as against Rs 512.69 crore in the year-ago quarter.
“Total operating cost (incl. freight) per tonne increased by 6.7 per cent y/y mainly due to significant increase in fuel, packaging and diesel costs,” the company said in a post earning statement.
Heidelberg Cement India total expenses were at Rs 49,942 crore, up 16.35 per cent in Q2/FY 2021-22, as against Rs 42,923 crore.
According to the company, its sales volume was up 11.1 per cent to 1,231 KT during the quarter as against 1,108 KT of the corresponding quarter.
“Volume increased by 11 per cent y-o-y whereas average selling price remain flattish,” said Heidelberg Cement India, a subsidiary of Heidelberg Cement Group, Germany.
“During Jun’21Q, volume increased by 38 per cent y-o-y mainly driven by base effect of national lockdown in the corresponding period of Jun’20Q,” the company said.
Meanwhile, in a separate filing, Heidelberg Cement India said its independent director / Chairperson Akila Krishnakumar has resigned from the position and the board has accepted her resignation.
“The Board of Directors has appointed Ramakrishnan Ramamurthy who is an independent director of the company, as Chairman of the Board of Directors with effect from October 20, 2021 in place of Akila Krishnakumar,” it said.
Shares of Heidelberg Cement India Ltd on Tuesday settled at Rs 247.80 on BSE, down 4.03 per cent from the previous close.
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