HeidelbergCement India's net profit dips 62.64% in Q4 FY23
Cement

HeidelbergCement India's net profit dips 62.64% in Q4 FY23

HeidelbergCement India, the country's largest cement maker, has reported a 62.64 per cent decline in its net profit for the fourth quarter of the financial year 2022-23. The company's profit after tax stood at Rs 349.7 million in Q4 FY23, down from Rs 936.1 million in the corresponding quarter of the previous fiscal.

The decline in profit was mainly due to higher input costs and lower sales volumes. The company's total expenses rose by 11.48 per cent to Rs 6.5 billion in Q4 FY23, while its net sales fell by 2.68 per cent to Rs 6.15 billion.

Despite the decline in profit, HeidelbergCement India's overall performance for the financial year 2022-23 was better than the previous year. The company's net profit rose by 12.57 per cent to Rs 3.54 billion in FY23, while its net sales increased by 15.68 per cent to Rs 24.99 billion.

HeidelbergCement India is a subsidiary of HeidelbergCement AG, one of the world's largest cement makers. The company has a cement manufacturing capacity of 22.5 million tonnes per annum and operates 17 cement plants in India.

See also:
HeidelbergCement forecasts negative impact on its business in 2022
HeidelbergCement’s net profit slumps 4.55% to Rs 59.56 cr in Q2 FY22


HeidelbergCement India, the country's largest cement maker, has reported a 62.64 per cent decline in its net profit for the fourth quarter of the financial year 2022-23. The company's profit after tax stood at Rs 349.7 million in Q4 FY23, down from Rs 936.1 million in the corresponding quarter of the previous fiscal. The decline in profit was mainly due to higher input costs and lower sales volumes. The company's total expenses rose by 11.48 per cent to Rs 6.5 billion in Q4 FY23, while its net sales fell by 2.68 per cent to Rs 6.15 billion. Despite the decline in profit, HeidelbergCement India's overall performance for the financial year 2022-23 was better than the previous year. The company's net profit rose by 12.57 per cent to Rs 3.54 billion in FY23, while its net sales increased by 15.68 per cent to Rs 24.99 billion. HeidelbergCement India is a subsidiary of HeidelbergCement AG, one of the world's largest cement makers. The company has a cement manufacturing capacity of 22.5 million tonnes per annum and operates 17 cement plants in India. See also: HeidelbergCement forecasts negative impact on its business in 2022HeidelbergCement’s net profit slumps 4.55% to Rs 59.56 cr in Q2 FY22

Next Story
Infrastructure Urban

Arya Omnitalk Powers India’s Toll Revolution with AI-Driven Solutions

Arya Omnitalk, a leader in intelligent transportation systems, is revolutionising toll collection across India’s national highways with its advanced AI-powered Toll Management Solutions. Designed for rugged remote toll locations, the company’s cutting-edge technology ensures seamless, reliable, and secure tolling—especially during high-capacity operations exceeding 200%. By integrating real-time analytics, cyber protection, and FASTag-based cashless tolling, Arya Omnitalk’s systems are significantly reducing congestion, improving transparency, and enhancing revenue assurance. Its full..

Next Story
Infrastructure Urban

Over 800 Join Anant Raj Runathon to Mark Earth Day

Over 800 participants came together at Anant Raj Estate, Sector 63A, Gurugram, for the Anant Raj Runathon 2025—a vibrant celebration of Earth Day through fitness, community bonding, and sustainability. Curated by renowned running coach Ravinder, the event featured four categories: 10-mile and 5-mile timed runs, a 5-mile walkathon, and a 1-mile kids’ run. Runners of all ages took to the green, scenic roads of the area—some chasing personal bests, others running for a cause. The Runathon was designed to promote healthy living while raising awareness about sustainable practices. Participa..

Next Story
Infrastructure Urban

PETRONAS Lubricants, Quaker Houghton Ink Strategic Deal

In a significant step towards strengthening industrial operations in India and Malaysia, PETRONAS Lubricants India Pvt. Ltd (PLIPL) and Quaker Houghton have announced a strategic partnership aimed at delivering high-performance industrial fluid solutions to key manufacturing sectors, including steel production. The collaboration combines the strengths of both companies—leveraging PETRONAS Lubricants India’s maintenance lubricant technologies and Quaker Houghton’s deep expertise in metalworking fluids. Starting from the second quarter of 2025, Quaker Houghton will begin offering PETRONAS..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?