HeidelbergCement India LimitedQ1 FY27 Results & Financial Update
HeidelbergCement India Limited: Q1 FY27 standalone results and company financials – revenue ₹628.11 Cr, PAT ₹30.55 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore HeidelbergCement India Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
HeidelbergCement India Limited reported revenue from operations of INR 628.11 crore for the first quarter ended June 30, 2026, alongside total income of INR 634.40 crore.
The company generated profit before tax of INR 40.97 crore and a net profit after tax of INR 30.55 crore for the quarter, resulting in basic and diluted earnings per share of INR 1.35.
s in its media release, sales volumes expanded by approximately 3.6% year-on-year to 1,299 thousand tonnes (KT) compared to 1,254 KT in the corresponding quarter of the previous year.
Total revenue grew by approximately 5% year-on-year, supported by the volume increase alongside an estimated 1.5% improvement in realization prices.
Despite higher sales volumes and firmer pricing, profitability faced pressure from operating cost inflation, particularly raw materials and power and fuel expenses aggravated by geopolitical developments in West Asia.
On a per-tonne basis, total operating costs inclusive of freight increased by approximately 6.4% year-on-year, driving EBITDA down by 24.5% to INR 66.8 crore (INR 668 million) and compressing EBITDA margin by 418 basis points to 10.6%.
EBITDA per tonne moderated to INR 514 during the quarter compared to INR 706 in the corresponding period of the previous year.
The company closed the quarter with cash and bank balances standing at INR 472.6 crore (INR 4,726 million) as of June 30, 2026.
01 · Business model
What does HeidelbergCement India do?
HeidelbergCement India Limited manufactures and distributes grey cement, marketing its products under the well-established 'mycem' brand name across its core operating regions.
The company's commercial model centers on regional cement production, bulk raw material sourcing, and logistics management to serve construction and infrastructure demand.
Operations rely heavily on energy-intensive grinding and kiln processes, making power efficiency, alternative fuels, and freight management central to its cost structure.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹628.11 Cr |
| Total income | ₹634.40 Cr |
| Profit before tax | ₹40.97 Cr |
| Profit after tax | ₹30.55 Cr |
| EPS | ₹1.35 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 4.9% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 6.5% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹6.29 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Sales volumes rose by c. 3.6% year-on-year to 1,299 KT during the quarter compared to 1,254 KT in June 2025.
What drove margins
Total operating costs per tonne including freight increased by c. 6.4% year-on-year, driven primarily by higher raw material and power and fuel expenses.
Input cost inflation was exacerbated by external pressures in West Asia, which impacted power and fuel economics.
EBITDA contracted 24.5% year-on-year to INR 668 million, reducing the EBITDA margin to 10.6% from 14.8% and pulling EBITDA per tonne down to INR 514.
04 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates in a single primary business segment: the manufacture and sale of cement.
05 · Capacity, projects & execution
What is being built, commissioned or delivered
Projects, capex and execution
The company has received consent to establish from the Madhya Pradesh Pollution Control Board for setting up a cement blending and grinding unit at Dongaliya Village in Khandwa District, Madhya Pradesh.
06 · Strategy & new businesses
How the company is trying to change its growth mix
The share of alternate fuels in the company's energy mix stands at c. 12% as part of its decarbonization and circular economy initiatives.
The company continues to source over 50% of its total power consumption from non-grid sources, marking a milestone in its power transition journey.
07 · Reported developments
What changed operationally
Achieved a 3.6% year-on-year increase in quarterly sales volumes to 1,299 KT.
Cash and bank balances stood at INR 4,726 million as of June 30, 2026.
08 · Pressure points & risks
What is not going smoothly
Profit after tax declined by 36.7% year-on-year to INR 305.5 million due to rising operating and fuel costs.
EBITDA per tonne decreased by 27.1% year-on-year to INR 514, reflecting severe input cost pressures.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Board Committee Actions
The board approved the re-appointment of Ms. Jyoti Narang as an Independent Director for a second five-year term effective August 18, 2026.
Reported update
Labour Code Regulatory Assessment
Following the notification of final Central Rules under the new Labour Codes during the quarter, the company assessed no material financial impact, though it continues to monitor finalization of state rules.
10 · Key Q&A
The quarter, answered directly
What does HeidelbergCement India do?
HeidelbergCement India Limited manufactures and distributes grey cement, marketing its products under the well-established 'mycem' brand name across its core operating regions.
What is the clearest takeaway from Q1 FY27?
HeidelbergCement India Limited reported revenue from operations of INR 628.11 crore for the first quarter ended June 30, 2026, alongside total income of INR 634.40 crore.
What drove revenue or demand?
Sales volumes rose by c. 3.6% year-on-year to 1,299 KT during the quarter compared to 1,254 KT in June 2025.
What mattered most for margins or profitability?
Total operating costs per tonne including freight increased by c. 6.4% year-on-year, driven primarily by higher raw material and power and fuel expenses.
What changed operationally beyond the headline numbers?
The company has received consent to establish from the Madhya Pradesh Pollution Control Board for setting up a cement blending and grinding unit at Dongaliya Village in Khandwa District, Madhya Pradesh.
What are the main pressure points disclosed for the quarter?
Profit after tax declined by 36.7% year-on-year to INR 305.5 million due to rising operating and fuel costs.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
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12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Khandwa Grinding Unit Progress: Track construction and capital expenditure milestones following receipt of the consent to establish in Madhya Pradesh.
- 02
Input Cost and Realisation Trends: Monitor the persistence of West Asian fuel pressures and cement price realizations across core markets.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.