HeidelbergCement India Q4 Results: Net profit falls 63% YoY to Rs 35 crore

HeidelbergCement India’s net profit for Q4 FY23 declined 62.64% to Rs 34.97 crore due to increased input costs and lower sales volume. The company’s revenue fell 2.9% YoY to Rs 602.04 crore during the quarter, with total operating costs increasing 11% YoY, according to its earning statement. Total income for the March quarter was Rs 615.51 crore, down 2.67%. For the fiscal ended March 2023, the company’s net profit fell 60.68% to Rs 99.17 crore from Rs 252.26 crore in FY22.