Shares of Heidelberg Cement dipped 1.5% in early trade, closing at ₹123.25 after the company reported a 33% drop in net profit to ₹16.7 Cr for Q2.
Revenue climbed 11% YoY to ₹567.7 Cr, up from ₹512 Cr a year earlier. The BSE filing shows analysts had expected ₹565 Cr, so the top line barely beat consensus.
Operating performance weakened: EBITDA fell 16.5% to ₹48 Cr, and the margin narrowed to 8.46% from 11.24% a year ago—a slide of 278 basis points. Net profit slipped from ₹25 Cr to ₹16.7 Cr, a 33.2% decline.
The company did not provide a forward‑looking statement. Market participants will watch the Q3 earnings, slated for release on September 15, for guidance on cost controls and margin recovery.
With the stock already down more than 20% in the last three months, investors are weighing whether the earnings dip signals a broader trend in the cement sector or a temporary shock.