Heidelberg Cement India announced Q3FY23 results: Q3FY23: Revenue remained flat compared to the previous year's corresponding quarter; an increase in prices by 2.2% was offset by 2.9% decrease in volume. On a per tonne basis, operating costs including freight increased by 8.8% YoY due to a steep increase in coal, petcoke & diesel costs. The increase was partially offset by an increase in prices resulting in EBITDA of Rs 339 per tonne, a decrease of 44% YoY. The company increased its green power across plants, the overall share of green power increased from 20% in Dec '21 quarter to 33% in Dec '22 quarter. As of Dec 31, 2022, the cash & bank balance stood at Rs 3,845 million, as against interest-free borrowings of Rs 2,346 million. Result PDF