HeidelbergCement India posted a stable set of earnings in Q4 as realisations aided topline and margins improved on a sequential basis as well.
In an interview to CNBC-TV18, Jamshed Naval Cooper, CEO & MD of HeidelbergCement India spoke about the results and his outlook for the company.
Cooper said that Q4 sales volume was 1.2 million tonne, EBITDA per tonne was at Rs 650 and capacity utilisation was 82 percent in Q4.
He said that heat wave and sand shortage hurt cement pricing in the past month. However, favourable monsoon will help prices to move higher from here on.
On debt front, he said that the net debt is at Rs 710 crore. We will repay around Rs 109 crore in FY18 and about Rs 150 crore in FY19.
Watch accompanying video for more details.
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