Heidelberg Cement Ltd has reported total sales of Rs 404.5 crore for Q3FY17, which represents a 1.91 per cent sequential increase and 0.86 per cent year-on-year decline. The company’s quarterly sales volume stood at 1.05 million tonnes (MT). Operating profit for the quarter wasRs 31.2 crore and its EBIT margin was 7.71 per cent. The company reported a net loss of Rs 3.5 crore, as against as against net profit of Rs. 16.5 crore in the previous quarter. This was due to one-off provision for doubtful capital advance of Rs 15 crore.
Heidelberg Cement India Ltd is an India-based company engaged in the production of Portland slag cement and Portland Pozzolona cement. The company has 5 manufacturing units in India.