HeidelbergCement India Limited — Board Meeting, 28-10-2024: Outcome of Board Meeting

HeidelbergCement India Limited reported its unaudited financial results for the second quarter and half-year ending September 30, 2024. Revenue fell by 18.5% year-over-year to ₹4,614 million, driven by a 15% decrease in sales volumes. EBITDA dropped 46.1% to ₹375 million, with a notable decline in profit after tax of 68.7% to ₹112 million. The company is progressing on a debottlenecking project at their clinker plant, anticipated to complete by Q4 FY25, and has partnered with HimalayaHeight Cement for manufacturing.