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Heidelberg Q3FY20 Results Review by anjugadu is a document available to read on EtoBox.

What is Heidelberg Q3FY20 Results Review about?

Heidelberg Cement (HEIM) reported quarterly earnings that missed estimates, with an EBITDA 13% below consensus. Volume declined sharply by 5.5% year-over-year due to weak demand and an extended monsoon season. While higher prices helped expand EBITDA per ton by 10% year-over-year, margins are expected to contract going forward to offset volume growth. The analyst downgraded their rating on HEIM to Hold from Accumulate and lowered their target price to Rs215 per share, citing peaked margins and slow earnings

Author

anjugadu

Language

EN