Heidelberg Cement reported relatively better results for Q1FY-23 that saw the least margin erosion despite elevated cost pressure. Net revenue grew 6.1%YoY to Rs.589.9 crore led by 13%YoY jump in realisations while volume remained soft, declining 6.1%YoY to 1.11 MT. EBITDA margins were down 300 bps QoQ to 16.1%(747 bps YoY).