HeidelbergCement India Limited has informed the Exchange regarding Change in Auditors of the company.
HEIDELBERG · price
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HeidelbergCement India reported its Q1 FY26 results (quarter ended June 30, 2025) showing revenue of ₹5,975.4 million, up about 12% year-on-year, driven by an 11% rise in sales volumes to 1,254 KT and around 1% improvement in prices. Net profit grew nearly 21% to ₹482.3 million, with EBITDA up 13% to ₹885 million and EBITDA margin expanding slightly to 14.8%. EBITDA per tonne rose to ₹706 from ₹690. The company also increased its share of non-grid (wind-solar) power to over 50% of consumption and alternate fuels to about 13% of its energy mix. Cash and bank balance stood at ₹5,704 million against interest-free borrowings of ₹687 million. Additionally, the Board approved the re-appointment of Mr. Joydeep Mukherjee as Managing Director for three years from April 1, 2026, and appointed M/s DMK Associates as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30), subject to shareholder approval.
Strong operational performance with double-digit growth in revenue, volumes, and profits reflects healthy demand and pricing power, which is positive for shareholders. The MD re-appointment provides leadership continuity, and the appointment of a new secretarial auditor is a routine compliance matter with no material impact on financials.