HeidelbergCement India’s December quarter performance was largely in line with industry trends. The company benefited from a significant sequential improvement in the overall economy, including a delayed recovery in large metros. The business, however, did see some margin suppression due to plant shutdown. Quarterly result highlights HeidelbergCement’s revenues in Q3 rose 9 per cent year on year (YoY) driven by a combination of higher cement volumes and a richer product mix. Cement off-take for the quarter stood at 1.27 million tonnes...
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