HeidelbergCement India’s net profit falls 38% to Rs 48.94 cr in Q1FY21

New Delhi: HeidelbergCement India’s net profit fell 38 percent to Rs 48.94 crore for the quarter which ended in June 2020. The company had clocked a net profit of Rs 79.03 crore in the same quarter of the previous fiscal.

The revenue from operations fell 30 percent to Rs 407 crore in quarter which ended in June 2020 as compared to Rs 589 crore in the same quarter of the previous fiscal, the company said in a statement. 

The sales went down due to lockdown, the company said. The sales of cement went down to 857 KT in the June quarter as compared to 1,258 KT in the same quarter of the previous fiscal. 

 

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