HeidelbergCement India's margin sits 6.68 points below sector median
The standalone quarter's reported profit also included Rs 6.29 cr of other income, while depreciation and interest reduced operating profit before tax.
Filed 29 Jul 2026, 15:22 IST · HeidelbergCement India Ltd (HEIDELBERG)
Key takeaways
- Standalone operating margin was 10.64%, 6.68 percentage points below the 17.32% median of 27 reported commodities peers.
- HeidelbergCement India ranked fourth from the bottom on operating margin among those 27 peers.
- Other income of Rs 6.29 cr contributed to reported pre-tax profit of Rs 40.97 cr, making operating and non-operating earnings both relevant.
Price around the results
Margin gap leaves HeidelbergCement near the sector’s bottom
HeidelbergCement India’s standalone operating margin was 10.64%. Against 27 commodities peers, that was 6.68 percentage points below the sector median and left the company fourth from the bottom.
Depreciation and interest narrowed the operating-to-pre-tax bridge
Operating profit of Rs 66.81 cr reduced to pre-tax profit of Rs 40.97 cr after Rs 28.98 cr of depreciation and Rs 3.15 cr of interest. Other income of Rs 6.29 cr also contributed to reported pre-tax profit, while the 25.43% tax rate shaped the conversion to Rs 30.55 cr of net profit.
The sector benchmark is the clearest read-through
The 6.68-point gap to the 17.32% peer median is the central operating issue in this standalone quarter. The company’s position among the four lowest-margin reporters makes margin improvement, rather than reported profit alone, the key metric to track.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹628 cr |
| Other income | ₹6 cr |
| Expenses | ₹561 cr |
| Operating profit | ₹67 cr |
| Operating margin (%) | 10.64% |
| Interest | ₹3 cr |
| Depreciation | ₹29 cr |
| Profit before tax | ₹41 cr |
| Tax | ₹10 cr |
| Net profit | ₹31 cr |
| EPS (₹) | ₹1.35 |
Operating margin of 10.64% compares with a Commodities sector median of 17.32% across 27 peers that have reported Q1FY27.
What to watch
- Whether operating margin moves closer to the 17.32% sector median from 10.64%.
- Whether other income remains a contributor alongside Rs 40.97 cr of pre-tax profit.
- The next reported tax rate compared with 25.43%.