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Last Updated : Feb 08, 2018 02:57 PM IST | Source: Moneycontrol.com

HeidelbergCement, Hikal gain 8-11% on robust Q2 numbers

Hikal has registered 68 percent jump in its Q3 net profit at Rs 23.2 crore against Rs 13.8 crore. Revenue grew 39.8 percent at Rs 350.6 crore against Rs 250.8 crore.

 
 
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Share price of HeidelbergCement India and Hikal added 8-11 percent intraday Thursday as companies have reported robust numbers in the quarter ended December 2017.

HeidelbergCement India has reported profit at Rs 31.8 crore for Q3FY18 against loss of Rs 3.6 crore in December quarter 2016. Revenue grew by 23.9 percent to Rs 491.2 crore from Rs 396.5 crore in year-ago.

EBITDA (earnings before interest, tax, depreciation and amortisation) shot up 72.7 percent to Rs 82.3 crore and margin expanded 480 basis points to 16.9 percent compared to year-ago.

Hikal has registered 68 percent jump in its Q3 net profit at Rs 23.2 crore against Rs 13.8 crore. Revenue grew 39.8 percent at Rs 350.6 crore against Rs 250.8 crore.

EBITDA was up 38.6 percent at Rs 66.9 crore and EBITDA margin was at 19.1 percent.

The company has declared an interim dividend for the financial year 2017-18 on equity share capital at 35 percent (70 paise per equity share).

At 14:48 hrs Hikal was quoting at Rs 230, up 4.76 percent and HeidelbergCement India was quoting at Rs 162, up 7.93 percent on the BSE.

Posted by Rakesh Patil
First Published on Feb 8, 2018 02:56 pm
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