ALSO READ19 stocks from BSE500 index hit 52-week highs Q3 performance: Margin disappointment for Rallis India, shares tank over 7% Q3 earnings off to a good start; combined net profit of 130 firms up 16.5% Markets end at new closing high, Nifty settles above 10,650; Infosys flat TCS trades lower on profit booking post Q3 results
Net sales during the quarter rose 24.8% to Rs 4,839 million against Rs 3,878 million in the corresponding quarter of previous year.
EBITDA (earnings before interest, tax, depreciation and amortization) margins improved to 17% from 12% in year ago quarter.
Despite further hardening of petcoke and fuel prices during the quarter, total operating costs remained at par on y-o-y basis driven by concerted efforts on consumption parameters,” HeidelbergCement India said in a statement.
Affordable housing and infrastructure spending picked up as well supporting volume offtake in key markets while some improvement versus last year can also be attributed to the base effect, it added.
At 02:21 pm, the stock was trading 8% higher at Rs 162 on BSE, as compared to 1% rise in the S&P BSE Sensex. The trading volumes on the counter jumped more than five-fold with 2.04 million shares changed hands on BSE and NSE so far.