Wednesday, September 23, 2020
google adsense check
Home STOCKS HeidelbergCement India Q1 effects: Internet falls 38% to Rs 49 crore

HeidelbergCement India Q1 effects: Internet falls 38% to Rs 49 crore

New Delhi: HeidelbergCement India Ltd on Wednesday described a 38.07 for every cent drop in net profit at Rs 48.94 crore for the quarter ended June 2020.
The company experienced documented a net profit of Rs 79.03 crore in the April-June interval of the previous fiscal, HeidelbergCement India stated in a BSE filing.
Total revenue from functions declined 30.80 for every cent to Rs 407.70 crore from Rs 589.23 crore in the corresponding quarter of 2019-20.
The corporation mentioned its sales volume declined because of to suspension of functions through the lockdown period of time.
“Volume lessened by 32 for each cent, principally driven by the suspension of operations in April 2020. The minimize in volume impacted revenue and profitability in the course of the quarter,” explained HeidelbergCement India, a subsidiary of HeidelbergCement Group.
Cement sales volume through the quarter was 857 KT as in opposition to 1,258 KT previously.

Complete expenses had been at Rs 342.99 crore as against Rs 479.25 crore in Q1 FY20, down 28.43 for every cent.
Shares of HeidelbergCement India Ltd settled at Rs 181.45 on BSE, up 2.05 for each cent from the former close.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Dow Jones shares: Dow Jones retreats as business action slows

Wall Street's primary indexes fell on Wednesday as information confirmed domestic enterprise activity slowed in September, while a record high for Nike pursuing a...

Federal Reserve System: Fed not setting up ‘major’ improvements to Main Avenue plan, Powell says

Corporations have designed only "modest" use of the Federal Reserve's Main Avenue Lending Application, but credit is very broadly readily available to them previously,...

Corrections are procedures, Apple tussle intense, Nike revaluation

Traders perform in the course of the opening bell at the New York Stock Exchange (NYSE) on March 19, 2020 at Wall Avenue in...

Recent Comments