Heidelberg Cement declared its first quarter results on July 18 and the stock is trading 0.3 percent higher in reaction to this.

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The revenues are 1 percent higher at Rs 596 crore versus Rs 590 crore year on year. The earnings before interest, tax, depreciation and amortisation (EBITDA) fell 3 percent to 93 crore versus Rs 95 crore year on year. Similarly, the EBITDA margins are 500 bps lower at 15.6 percent and the net profits are 1 percent higher at Rs 53 crore.

Sales volumes for the quarter grew 8 percent year on year to 1,203 KT versus 1,112 KT.

(Edited by : Vahishta Unwalla)