Heidelberg's Q1 net down 81% on higher depreciation cost

Heidelberg Cement's first quarter (January-March) net profit dropped 80.7 percent year-on-year to Rs 2.2 crore due to sharp jump in depreciation cost, sending shares two percent lower.

May 03, 2013 / 16:44 IST

26 Aug, 2025 12:21

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Heidelberg Cement's first quarter (January-March) net profit dropped 80.7 percent year-on-year to Rs 2.2 crore due to sharp jump in depreciation cost, sending shares two percent lower.

Depreciation cost increased quite sharply to Rs 17 crore in March quarter FY13 as against Rs 7 crore in a year ago period.

However, net sales went up by 29.4 percent to Rs 369.3 crore from Rs 285.4 crore Y-o-Y.

Also Read - Ambuja Cements Q1 net up 56.4% to Rs 488cr on tax writeback

Operating profit margin improved 130 basis points Y-o-Y to 9.8 percent in March quarter.

At 15:08 hours IST, the stock was quoting at Rs 38.50, down 1.79 percent amid high volumes on Bombay Stock Exchange.

first published: May 3, 2013 04:03 pm

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