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Published on 25/10/2019 3:23:47 PM | Source: Dion Global Solutions Ltd

Heidelberg Cement In Q2 net profit up 16.11% at Rs 58.15 cr

The company reported standalone net profit of Rs 58.15 crore for the quarter ended September 30, 2019 as compared to Rs 50.08 crore in the same period last year, registering a year-on-year growth of 16.11 per cent. Net revenue of the company rose moderately by 8.34 per cent at Rs 519.51 crore in July-September quarter of this fiscal as against Rs 479.50 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 8.15 per cent to Rs 399.35 crore from Rs 369.27 crore in year ago period.

Other Income grew by 101.62 per cent at Rs 12.46 crore versus (Sep'18 Rs 6.18 crore). Operating Profit surged by 5.34 per cent to Rs 122.81 crore as against Rs 116.58 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.76 per cent in September quarter. Interest declined by 5.33 per cent y-o-y to Rs 18.82 crore, while Taxation increased by 16.51 per cent at Rs 31.83 crore (Sep'18 Rs 27.32 crore).