HeidelbergCement India Limited has informed the Exchange about change in Management
HEIDELBERG · price
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Awaiting price reaction for this filing.
HeidelbergCement India reported Q1 FY26 revenue of ₹5,975 million, up 12.3% year-on-year, supported by a 10.9% rise in sales volumes to 1,254 KT and modest price improvement. Net profit grew 20.9% to ₹482.3 million, with EBITDA up 13.4% to ₹885 million and EBITDA per tonne improving 2.3% to ₹706. The Board re-appointed Mr. Joydeep Mukherjee as Managing Director for a fresh 3-year term effective April 1, 2026, subject to shareholder approval, ensuring leadership continuity. M/s DMK Associates was appointed as Secretarial Auditor for a 5-year period (FY 2025-26 to FY 2029-30), also subject to shareholder nod. The company highlighted that non-grid power share crossed 50% and alternate fuels rose to ~13% of its energy mix, reflecting progress on its sustainability roadmap.
Strong double-digit growth in both revenue and profit, combined with volume recovery and improving per-tonne economics, is positive for the stock. The MD's re-appointment signals stability in strategy and execution, reducing any near-term governance uncertainty for shareholders.