HeidelbergCement India Limited — Board Meeting, 30-01-2025: Outcome of Board Meeting

HeidelbergCement India Limited has announced a board meeting to approve the financial results for the quarter and nine months ended December 31, 2024. During this meeting, the company reported a revenue of ₹5,428.2 Cr for the third quarter, a decrease of 10.6% year-on-year, driven by a 5.3% drop in sales volumes. EBITDA fell significantly by 49.2% to ₹333 Cr, while net profit decreased by 83.5% to ₹51.9 Cr. The company recently secured a long-term green power agreement, enhancing its sustainability efforts. Cash and bank balance stood at ₹4,328 Cr, leading to a net cash position of ₹3,641 Cr after accounting for borrowings.