HeidelbergCement India's net profit dips 62.64% in Q4 FY23

30 May 2023 CW Team

HeidelbergCement India, the country's largest cement maker, has reported a 62.64 per cent decline in its net profit for the fourth quarter of the financial year 2022-23. The company's profit after tax stood at Rs 349.7 million in Q4 FY23, down from Rs 936.1 million in the corresponding quarter of the previous fiscal.

The decline in profit was mainly due to higher input costs and lower sales volumes. The company's total expenses rose by 11.48 per cent to Rs 6.5 billion in Q4 FY23, while its net sales fell by 2.68 per cent to Rs 6.15 billion.

Despite the decline in profit, HeidelbergCement India's overall performance for the financial year 2022-23 was better than the previous year. The company's net profit rose by 12.57 per cent to Rs 3.54 billion in FY23, while its net sales increased by 15.68 per cent to Rs 24.99 billion.

HeidelbergCement India is a subsidiary of HeidelbergCement AG, one of the world's largest cement makers. The company has a cement manufacturing capacity of 22.5 million tonnes per annum and operates 17 cement plants in India.

Resources

13 May 2026

Anant Raj Appoints Anish Sarin as Director

Anant Raj has appointed Anish Sarin as Director on its Board, marking a key step in the company’s leadership transition and long-term growth strategy. The announcement was made during the company’s Q4 and FY26 results declaration, reflecting the induction of next-generation leadership as the company expands across real estate, cloud infrastructure and data centre businesses. Anish Sarin, grandson of veteran industrialist Ashok Sarin, represents the emerging leadership at Anant Raj. Educated at Regent’s University London, he brings a global business outlook along with a strong focus on t..

Vedanta eyes AI-led value growth

Vedanta Group expects to unlock USD 300–400 million in additional value over the next three years through large-scale deployment of AI-led industrial technologies across its businesses. The group said its V-Spark DeepTech Ventures platform has already delivered nearly four times return on investment since inception.Vedanta is scaling AI, predictive analytics, Industrial Internet of Things, digital twins, machine learning, automation and connected manufacturing technologies across its metals, mining, energy and industrial operations. These deployments are aimed at improving productivity, lowe..

Hindustan Zinc inks pact with Group Nirmal

Hindustan Zinc has signed an MoU with Group Nirmal to set up a zinc wire manufacturing facility at its Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. The partnership will expand downstream manufacturing activity and support value-added zinc applications in India.Under the agreement, Group Nirmal will manufacture zinc wire products using Hindustan Zinc’s Special High Grade zinc. The products will cater to infrastructure, renewable energy, automotive and industrial engineering sectors.Zinc wire is used in thermal spray coating and metallising processes to protect steel struct..