Heidelberg Cement India, part of the Germany-based cement maker HeidelbergCement AG, has posted a rise of 6.78 per cent in its net profit at Rs 134.04 crore for the year ended 31 December, 2009 compared with Rs 125.53 crore in the previous year. The company's net sales during the year rose to Rs 936.39 crore from Rs 761.30 crore, up 23 per cent.
The company, which acquired Indorama Cement and Mysore cement, managed to reduce its fuel and energy costs during the year by 9 per cent. Along with it, better realisations due to firm cement prices helped the German major post good numbers in its Indian operations. The volumes growth was marginal at 2 per cent.
The power and fuel costs declined to Rs 176.54 crore against Rs 193.47 crore. The earning per share for the year stood at Rs 5.85 in 2009 against Rs 5.92 in the previous year.
Heidelberg India, currently, has a capacity of 3.07 million tonnes. The company is undergoing expansion projects to double its capacity to 6 million tonnes by the first quarter of 2012. The new expansions are being done in the states of Uttar Pradesh (Jhansi) and Madhya Pradesh (Damoh).
On the Bombay Stock Exchange, the share price of the company closed firm on Wednesday at Rs 43.55, up 1.16 per cent.