HeidelbergCement India , a prominent player in the Indian cement industry, has announced its financial results for the second quarter, showcasing significant improvements across key financial metrics.

Strong Financial Performance

The company reported a remarkable year-on-year growth in its financial indicators for Q2:

The company's EBITDA per tonne increased from ₹380.00 in the previous year's quarter to ₹535.00 in the current quarter, representing a 40.7% rise.

Operational Highlights

HeidelbergCement India's performance was driven by a combination of increased sales volumes and improved pricing. The company reported:

• A 9.2% increase in sales volumes
• An approximately 2% improvement in prices
• A reduction in total operating costs, including freight, by about 2% on a per-tonne basis compared to the same period last year

Sustainability Initiatives

The company has made significant strides in its sustainability efforts:

• Over 50% of its energy now comes from its own generation and various power purchase agreements across all manufacturing units
• Alternative fuels account for approximately 8% of its energy portfolio, aligning with its decarbonization and circular economy principles

Financial Position

As of the end of the quarter, HeidelbergCement India maintained a strong financial position:

• Cash and bank balance stood at ₹3,808.00 crore
• Interest-free borrowings were at ₹687.00 crore

Dividend Distribution

The company distributed a dividend of ₹7.00 per share for the previous fiscal year.

GST Impact

Following the government's rationalization of GST on cement from 28% to 18%, HeidelbergCement India has passed on the full benefit to customers by reducing cement prices.

Management Commentary

Joydeep Mukherjee, Managing Director of HeidelbergCement India, stated, "Our Q2 results reflect our commitment to operational excellence and sustainability. The significant improvements in our financial metrics, coupled with our progress in energy transition and use of alternative fuels, position us well for continued growth and value creation."

HeidelbergCement India's strong Q2 performance demonstrates its resilience and strategic focus on both financial growth and sustainability initiatives. The company's ability to improve margins while passing on GST benefits to customers highlights its competitive strength in the Indian cement market.

HeidelbergCement India Limited has announced robust financial results for the quarter, showcasing significant growth across key metrics. The company's strategic initiatives in sustainability and management changes highlight its focus on long-term growth and environmental responsibility.

Financial Performance

HeidelbergCement India reported a strong financial performance for the quarter:

The company's revenue saw a significant increase of 12.3% year-over-year, reaching ₹5,975.40 crore. This growth was primarily driven by a 10.9% rise in sales volumes and a 1% improvement in prices. The EBITDA margin stood at 14.8%, a slight improvement from 14.7% in the same quarter last year.

Operational Highlights

• Sustainability Initiatives: HeidelbergCement India has made significant strides in its sustainability efforts. The company increased its share of non-grid power to over 50% of total consumption, marking a crucial milestone in its energy transition journey. This was achieved through the implementation of wind-solar hybrid power under a long-term power purchase agreement.

• Decarbonization Efforts: Further emphasizing its commitment to environmental responsibility, the company increased the share of alternate fuels in its energy mix to approximately 13%.

• Cost Management: Despite facing an increase in raw material prices, the company managed to partially mitigate cost escalations through improved pricing strategies. This resulted in an EBITDA per tonne of ₹706, representing a year-over-year increase of about 2.3%.

Corporate Governance

The Board of Directors has approved several key management decisions:

1. Managing Director Reappointment: Mr. Joydeep Mukherjee has been reappointed as Managing Director for a period of three years, effective from April 1, 2026, subject to shareholder approval. Mr. Mukherjee brings 35 years of experience in leading large teams across various industries.

2. Secretarial Auditors: The company has appointed M/s DMK Associates as Secretarial Auditors for a term of five years, from FY 2025-26 to FY 2029-30, subject to shareholder approval at the upcoming Annual General Meeting.

Financial Position

As of June 30, 2025, HeidelbergCement India maintained a strong financial position with a cash and bank balance of ₹5,704.00 crore, against interest-free borrowings of ₹687.00 crore.

The company's performance demonstrates its resilience in a challenging market environment, with strategic focus on sustainability and operational efficiency driving growth. The reappointment of the Managing Director and the appointment of new Secretarial Auditors reflect the company's commitment to strong corporate governance and long-term stability.