HeidelbergCement India Reports Q1 Results and Confirms Independent Director Reappointment
HeidelbergCement India Limited announced its unaudited financial results for the first quarter ended June 30, 2026. The Board of Directors considered and approved these results, alongside approving the re-appointment of Ms. Jyoti Narang as an Independent Director.The Company reported a net revenue of 6,281 Million (Mio), marking a 5.1% year-on-year increase. Sales Volumes increased by 3.6%, reaching 1,299 KT, compared to 1,254 KT in the previous year.
Financial Performance Highlights
The operational metrics showed a mixed performance across profitability indicators. EBITDA stood at 668 Mio, down from 885 Mio in the previous year, representing a -24.5% change. This decline saw EBITDA per tonne drop by 27.1%, reaching 3514 g, compared to 706 g previously. The Profit After Tax was reported at 305 Mio, which is a decrease of 36.7% from the prior year's 482 Mio.The Company stated that the revenue increase was driven by a 3.6% rise in sales volumes and a 1.5% improvement in pricing. However, total operating cost including freight increased by approximately 6.4% year-on-year. This rise was attributed primarily to higher raw materials, power, and fuel costs, which were linked to the West Asia situation. Although this impact was partially offset by improved pricing, the decline in EBITDA per tonne persisted.
Key operational updates included:
- Commitment to decarbonization saw the Company's share of alternate fuels in its energy mix stand at approximately 12%.
- The company continues to source over 50% of its total power consumption from non-grid sources.
- A cement blending and grinding unit has received consent from the Madhya Pradesh Pollution Control Board for establishment in Dongaliya Village, Khandwa District of Madhya Pradesh.
- As at June 30, 2026, the cash and bank balance was reported at 4,726 million.
Governance Update: Director Re-appointment
The Board Meeting held on July 29, 2026, also addressed the re-appointment of Ms. Jyoti Narang (DIN: 00351187) as an Independent Director. The nomination and remuneration committee recommended her re-appointment for a second term of five consecutive years.Ms. Narang's terms were reviewed based on the following details:
| Particulars | Details (Ms. Jyoti Narang) |
|---|---|
| Date of Re-appointment | With effect from 18 August 2026 |
| Term of Re-appointment | Five consecutive years, running from 18 August 2026 up to 17 August 2031 (not liable to retire by rotation) |
| Brief Profile | Holds a bachelor's degree in BA Economics (Honours) and an MBA in Finance. She has also completed executive education at Harvard Business School, the International Institute for Management Development (IMD), Lausanne, and Wharton University of Pennsylvania. Her experience includes strong strategic perspective, crisis management, global business practices, corporate sustainability, and technology-led innovation. |
The Board approved the re-appointment subject to shareholder approval, as recommended by the Nomination & Remuneration Committee.
HEIDELBERG Stock Price Movement
HeidelbergCement India Limited sheds 0.5% in live trading, with stock prices hitting ₹156.07 as of 3:25 PM. This downward movement occurs amid a daily volume totaling 276,552 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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