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    500292   INE578A01017

HEIDELBERGCEMENT INDIA LIMITED

(500292)
  Report
End-of-day quote Bombay Stock Exchange  -  2022-09-25
197.25 INR   -5.28%
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HeidelbergCement India : Outcome of Board Meeting

07/18/2022 | 05:04am EDT

i-lEIDELBERGCEMENT

HeidelbergCement India Limited

ON: L26942HR1958FLC042301

Registered Office

2nd Floor, Plot No. 68, Sector-44,

Gurugram, llaryana 122002, India

Phone +91-124-4503700

Fax +91-124-4147698

Website:www.mycemco.com

HCIL:SECTL:SE:2022-23

18 July 2022

BSE Ltd.

National Stock Exchange of India Ltd

Listing Department

Listing Department,

Phiroze Jeejeebhoy Towers

Exchange Plaza, C/1, Block G,

Dalal Street, Fort,

Sandra Kurla Complex, Sandra (E)

Mumbai - 400001

Mumbai - 400 051

Scrip Code:500292

Trading Symbol: Heidelberg

Dear Sir,

Re: Unaudited Financial Results for the quarter ended 30 June 2022

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Unaudited Financial Results for the quarter ended 30 June 2022 together with Limited Review Report of the Statutory Auditors thereon is enclosed.

The above financial results have been duly approved by the Board of Directors at its meeting held today which commenced at 12.30 P.M. and concluded at 2:10 P.M.

A copy of the Press Release being issued by the Company is also enclosed.

Thanking you,

Yours Faithfully,

For HeidelbergCement India Ltd.

Rajesh Relan

Legal Head & Company Secretary

Encl.: a.a

·-..

:·�

MATERW:

TOBUILD OUR FUTURE

HeidelbergCement India Limited

MA��

CIN-L26942HR1958FLC042301, Website: www.mycemco.com

Regd. Office - 2nd Floor, Plot No. 68, Sector-44, Gurugram, Haryana - 122 002

TO BUILD OUR FUTURE

Tel : 0124-4503700, Fax : 0124-4147698

Statement of Unaudited Financial Results for the Quarter Ended 30.06.2022

mycem

Sr.

No.

1

2

3

4

Particulars

Revenue from operations {refer note 4)

Other income

Total income (1+2)

Expenses

a. Cost of materials consumed

30.06.2022

30.06.2021

fin Million

Quarter Ended

Year Ended

31.03.2022

31.03.2022

Unaudited

Audited

Unaudited

Audited

Crefer note 3)

5,898.9

6,200.3

5,559.4

22,969.6

102.6

124.1

105.1

490.7

6,001.5

6,324.4

5,664.5

23,460.3

5

6

7

8

10

11

12

13

14

b. Changes In Inventories of finished goods and work-in-progress

c. Employee benefits expense

d. Finance costs

e. Depreciation and amortisation expense

f. Power and fuel

g. Freight and forwarding expense

h. Other expenses

)

Total expenses (a to h

-

Profit before exceptional items & tax (3-4)

Exceptional Items

QI

<;,')

Profit/(Loss) before tax (5-6)

I

c:

Tax expense (refer Note 5)

Current tax

-g(l)

,3'""�I

Deferred tax

<

;;.;;

q

Net Proflt/(Loss) for the period (7-8)

r�-

Other comprehensive Income

i Items that will not be reclassified to Profit & Loss

Profi

ii Income tax relating to items that will not be reclassified to

·'.=-

Total Other comprehensive income (net of tax)

�-

Total Comprehensive Income after tax (9+10)

*

-o

*

Paid-up equity share capital (Face Value Is no per share)

uS

I �/

Other Equity

re��

Earnings per share of ,10 each - Not annualised

(a) Basic (In f)

(b) Diluted (In f)

1,081.7

(188.3)

338.7

80.0

280.0

2,103.4

737.3

5,308875..46

693.1

-

693.1

177.1

516(0..1)

-

--

516,1

2,266.2

-

2.28

2.28

1,192.1

(156.7)

348.7

51.7

279.6

1,959.6

779.5

5,346891..05

978.4

-

978.4

171.6

(129936..13)

0.1

((0..01) 936.1

2,266.2

-

4.13

4.13

1,052.6 4,503.6

28.4 (217.0)

  1. 1,306.8
  1. 364.4
  1. 1,120.5

1,345.9 6,424.2

727.1 2,957.1

772.4

3 649.4

4,626.0

20,109.0

1,038.5

3,351.3

-

-

1,038.5

3,351.3

181.6 593.0

686170..54 2,522235..67

-

5.9

-

(2.1)

-

3.8

2,526.4

686.5

2,266.2

2,266.2

-

13,386.2

  1. 11.13
  1. 11.13

Contd..2

TO -�

.,

-----2-----

MATERIAL

BUILDOUR FlJTURE

Notes:

mycem

  • The Company operates in a single segment i.e. manufacture and sale of Cement.
  • The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on 18 July 2022.
  • The figures for the quarter ended 31 March 2022 are the balancing figures between audited figures in respect of full financial year and the unaudited published year-to-date figures upto 31 December 2021 which were subjected to limited review.
  • The Company had received approval from the State Government of Madhya Pradesh for its SGST claims pertaining to earlier years. Accordingly, the SGST incentives amounting to Rs. 304.8 million (including Rs. 205.9 million for earlier years) and Rs. 424.6 million have been accrued during the quarter and financial year ended 31 March 2022 respectively.
  • During this quarter and Financial year 2022-23 onwards, the Company has adopted reduced income tax rate as per section 115BAA of Income Tax Act, 1961. Further, the Company had already applied the lower income tax rates on the deferred tax assets/ liabilities in earlier years and accordingly reversed the net deferred tax liability of Rs. 541.1 million during the quarter and year ended 31 March 2021 and Rs. 303.8 million during the quarter and year

ended 31 March 2022.

  • Figures of the previous year/ periods have been reclassified/ regrouped/ restated, wherever necessary.

For and on behalf of the Board of Directors

Place: Gurugram

Dams

e�

Date: 18 July 2022

Ma

r

DIN:01527371

S.N. Dhawan & CO LLP

Chartered Accountants

Limited Review Report on Unaudited Quarterly Results

To the Board of Directors of HeidelbergCement India Limited

421, II Floor, Udyog Vihar Phase IV, Gurugram, Haryana 122016, India

Tel: +91 124 481 4444

  1. We have reviewed the accompanying statement of unaudited financial results of HeidelbergCement India Limited ("the Company") for the quarter ended 30 June 2022 ("the Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India ("the SEBI") (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. This Statement which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting' {'Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with relevant Rules issued thereunder; and other accounting principles generally accepted in India. Our responsibility is to issue a conclusion on the Statement based on our review.
  2. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India.This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
  3. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Ind AS and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
    For S.N. Dhawan & Co LLP Chartered Accountants
    Firm Registration No.: 0000S0N/N500045
    Rajeev K Saxena Partner
    Membership No.: 077974
    UDIN No.: 22077974ANCTNK4089
    Place: Gurugram Date 18 July 2022

S.N. Dhawan & CO LLP is registered with limited liability with identification number AAH-1125 and its registered office is 108, Mercantile House, 15, Kasturba Gandhi Marg, New Delhi 110001, India

HEIDELBERGCEMENT

HeidelbergCement India Limited CIN: L26942HR1958FLC042301 Registered Office 2nd Floor, Plot No. 68, Sector-44,

Gurugram, Haryana 122002, India Phone +91-124-4503700 Fax +91-124-4147698 Website: www.mycemco.com

Media Release

Unaudited financial results for the quarter ended June 30, 2022.

HeidelbergCement India Limited today announced its unaudited financial results for the quarter ended June 30, 2022.

Caption

UoM

Quarter ended

Change

June 2022

June 2021

Sales Volumes

KT

1,112

1,184

-6.1%

Revenue (net of taxes)

Mio5'

5,899

5,559

6.1%

EBITDA

Mio 5'

951

1,311

-27.5%

EB/TOA

%

16.1%

23.6%

-747 bps

Profit After Tax

Mio 5'

516

687

-24.8%

EBITDA per tonne

"

855

1,107

-22.8%

During Jun'22Q:

  • Revenue increased by c. 6% y/y driven by an increase in prices by 13% and partially offset by a decrease in volume by c. 6%.
  • On a per tonne basis, total operating cost including freight increased by 24% y/y due to an unprecedented increase in coal, petcoke, diesel and packaging costs. The increase in operating cost was partially offset by an increase in prices by 13% resulting in EBITDA of t 855 per tonne, a decrease of c. 23% y/y.
  • The Company started receiving Solar Power under its long-term power purchase agreement for the Jhansi plant. The contracted capacity is 15 Mega Watt and the Company is expected to receive 22 Gigawatt Hours of solar power annually. As a result of an increase in green power across various plants, the Company's overall share of green power increased to 30%.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

HeidelbergCement India Limited published this content on 18 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 July 2022 09:03:05 UTC.


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Sales 2023 25 457 M 312 M 312 M
Net income 2023 2 416 M 29,6 M 29,6 M
Net cash 2023 2 907 M 35,6 M 35,6 M
P/E ratio 2023 18,5x
Yield 2023 4,24%
Capitalization 44 699 M 548 M 548 M
EV / Sales 2023 1,64x
EV / Sales 2024 1,52x
Nbr of Employees 1 063
Free-Float 26,9%
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Jamshed Naval Cooper CEO, Managing Director & Executive Director
Anil Kumar Sharma Director, Chief Financial & Risk Officer
Ramakrishnan Ramamurthy Chairman
Vimal Kumar Jain Director & Technical Director
Rajesh Relan Secretary, Head-Legal & Compliance Officer
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