Investing.com - HeidelbergCement (ETR:HEIG) India reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
HeidelbergCement India announced earnings per share of ₹0.31 on revenue of ₹5.06. Analysts polled by Investing.com anticipated EPS of ₹1.68 on revenue of ₹5.93B.
HeidelbergCement India shares are up 1.37% from the beginning of the year and are trading at ₹195.00 , down-from-52-week-high.
HeidelbergCement India shares lost 0.71% in intra-day trade after the report.
HeidelbergCement India follows other major Materials sector earnings this month
HeidelbergCement India's report follows an earnings missed by Shree Cements on Friday, who reported EPS of ₹50.81 on revenue of ₹40.38B, compared to forecasts EPS of ₹68.65 on revenue of ₹38.65B.
ACC had missed expectations on Monday with third quarter EPS of ₹-4.65 on revenue of ₹39.87B, compared to forecast for EPS of ₹9.88 on revenue of ₹40.67B.
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