Heidelberg Cement India (CMP: 175; Market cap: 3,767 crores) delivered stable performance in Q4 FY20 quarter despite the market disruptions. COVID-19 interrupted the demand in late March and April, but May-June have been much better as a combination of pent-up demand, pre-monsoon maintenance work and sturdy offtake in rural areas is driving the upswing in volumes. Quarterly result highlights Heidelberg Cement’s revenues in Q4 FY20 fell by percent 6 percent year-on-year (YoY) on the back of sharp contraction in volumes....
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