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.

Infrastructure Urban

10 Apr 2026

Güntner Showcases Cooling Tech at China Expo

Güntner showcased its latest refrigeration and air conditioning innovations at China Refrigeration 2026, highlighting digital intelligence and carbon-neutral solutions.The company presented its aicore™ Controls and IoT platform, designed to optimise energy consumption, enable remote monitoring and enhance lifecycle management of cooling systems. The solution integrates advanced controllers and cloud-based capabilities to improve operational efficiency and reduce energy use.Güntner also demonstrated advancements in heat pump technologies, including its role in projects such as the Ordos Zer..

Superb Realty Ties Up with Praan for AI Air Tech

Superb Realty has partnered with Praan to deploy AI-powered autonomous air infrastructure across over one million sq ft of real estate in Mumbai, marking a significant move towards intelligent indoor environments.The rollout will begin at Superb Altura and expand across upcoming residential and mixed-use developments. The initiative aims to integrate real-time sensing, adaptive purification and AI-led optimisation to improve indoor air quality and occupant experience.Praan’s technology is designed to remove ultrafine particles significantly smaller than conventional systems and eliminate har..

DAAKit Raises $138,000 in Pre-Seed Round

DAAKit has raised $138,000 in a pre-seed funding round led by Inflection Point Ventures to expand its hyperlocal fulfilment network and strengthen technology capabilities.The company plans to use the funds to launch 25 new dark stores across Tier I and Tier II cities, enhance its technology infrastructure, and expand its leadership and operations teams. Currently operational in Delhi, Gurugram, Mumbai, Bengaluru and Kolkata, DAAKit is also piloting expansion into Tier II markets through Lucknow.Built on an asset-light, technology-driven model, the platform enables brands to position inventory ..