News: Heidelberg Cement’s revenue for Q1FY23 grew 6.1% YoY to Rs 589.9 crore. EBITDA margins declined further by 747 bps YoY to 16.1% (down 300 bps QoQ) due to a sharp rise in power & fuel expenses. The resultant net profit was down 24.9% YoY to Rs51.6 crore. It was down 44.9% on a QoQ basis.
Views: While sales volume was lower (down 6.1% YoY to 1.11 MT, higher realisation (up 13% YoY) and inventory adjustments (positive delta of Rs21.7 crore) helped the company to mitigate the cost pressure partially leading to margin erosion of only 300 bps QoQ.
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