HeidelbergCement India Limited — Important, 28-10-2024: Financial Result Updates

HeidelbergCement India Limited reported its unaudited financial results for Q2 and the first half of FY 2024, showing a significant decline in revenue and profit due to falling sales volumes and prices. Revenue decreased by 18.5% year-over-year, with a reported profit after tax of ₹112 million, down 68.7%. The company is progressing on a debottlenecking project at its Narsingarh plant and has initiated a cement procurement arrangement with HimalayaHeight Cement.