HeidelbergCement India Ltd

Q2 FY22Cement & Cement Products

HeidelbergCement India Q2 FY22 earnings call: Revenue & Margins

Q2 FY22 investor presentation: what the company reported on revenue, margins and projects.

Price₹139

Market cap₹3.3K Cr

P/E27.2

Updated25 Sept 2026

Read4 min read

Based on HeidelbergCement India Ltd's Q2 FY22 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Total income (net of taxes) for Sep’21Q: ₹5,765 million, up 12.2% YoY (from ₹5,138 million in Sep’20Q). EBITDA for Sep’21 quarter: ₹1,165 million, down 7.5% year-on-year (YoY) - EBITDA per tonne: ₹946, down 16.8% YoY - EBITDA margin (EBITDA % of revenue): 20.5%, down 411 basis points YoY - Profit

From HeidelbergCement India Ltd's Q2 FY22 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

- Total income (net of taxes) for Sep’21Q: ₹5,765 million, up 12.2% YoY (from ₹5,138 million in Sep’20Q). - Sales volume for Sep’21Q: 1,231 KT, up 11.2% YoY (from 1,108 KT in Sep’20Q). - Gross realization per tonne: ₹4,624, a slight decrease of 0.1% YoY. - EBITDA per tonne decreased 16.8% YoY to ₹946 from ₹1,137. - Quarterly volume growth shows a 15% increase over trailing twelve months (Sep’21Q vs Sep’20Q). - Outlook (Page 18) states: • Vaccination program improving confidence (>50% single dose, >20% double dose). • Infrastructure projects expected to accelerate due to Uttar Pradesh 2022 elections.

2 more points management made on revenue & sales performance

Profitability & Margins

EBITDA for Sep’21 quarter: ₹1,165 million, down 7.5% year-on-year (YoY)
EBITDA per tonne: ₹946, down 16.8% YoY
EBITDA margin (EBITDA % of revenue): 20.5%, down 411 basis points YoY
Profit After Tax (PAT) for Sep’21 quarter: ₹596 million, down 4.6% YoY
PAT margin (PAT % of revenue): 10.5%, down 171 basis points YoY

2 more points management made on profitability & margins

See what HeidelbergCement India Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Alternate Fuels (AFR) Project: Trial runs started in October 2021; no specific capex or timeline details provided.
5.5 MW Solar Project: Completed and ready; no specific capex mentioned.
Long-term Solar Power Purchase Agreement: To source ~22 Gigawatt hours per annum for Jhansi plant; no capex or timeline details specified.

- Cement capacity utilization is ~78%, but no explicit mention of immediate capacity expansion or new plant commissioning in the presentation. - Cautious outlook mentions "China crisis likely to delay equipment supply for new capacities in India," implying planned expansions but no concrete project timelines or amounts detailed. Overall, the presentation highlights ESG-related projects (AFR, solar) in advanced or completed stages but does not specify capex amounts or expansion timelines.

2 more points management made on capital expenditure plans

Top-ranked in Cement & Cement Products

Ranked on what management guided this quarter

5x potential

1Grasim Inds₹2.2L Cr

Rev 1Mar 3

2BIGBLOC Const.₹567 Cr

Rev 2Mar 1

3₹1.3K Cr

Rev 3Mar 1

4₹3.3L Cr

Rev 3Mar 3

5₹81.3K Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The presentation does not mention any new fundraising through debt or equity.
Debt and repayment profile (Page 16) notes a final instalment of non-convertible debentures (NCD) of ₹1,200 million due on 16-Dec-21, indicating scheduled repayments.
As of Sep’21, interest-bearing debentures stand at ₹2,346 million; interest-free loans and other borrowings total ₹3,546 million.
Bank balance as of Sep’21 is ₹4,342 million, resulting in a net cash balance of ₹796 million against total debt of ₹3,546 million.

2 more points management made on fundraising & capital structure

See what HeidelbergCement India Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided investor presentation (pages 1-22) of HeidelbergCement India Limited for Sep’21Q does not explicitly mention or report any figures related to order book, order inflow, or pending orders. The presentation focuses on: - Financial performance: revenues, EBITDA, profit margins, costs, and volumes. - Operational highlights: capacity utilization, production volumes, input costs. - Environmental, Social, and Governance (ESG) initiatives. - Debt profiles and working capital.

2 more points management made on order book & pipeline

HeidelbergCement India Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹646 Cr, net profit ₹45 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What HeidelbergCement India Ltd's management said in earlier quarters

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Frequently Asked Questions

What were HeidelbergCement India Ltd Q2 FY22 results?

What is HeidelbergCement India Ltd share price analysis?

HeidelbergCement India Ltd currently shows a neutral. The stock trades at a P/E of 27.2 with a market cap of ₹3,307 Cr. Investors should review the full earnings analysis for detailed insights.

Is HeidelbergCement India Ltd planning capital expenditure?

Alternate Fuels (AFR) Project: Trial runs started in October 2021; no specific capex or timeline details provided.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.