ITD Cementation India saw its shares surge by 10% after the company reported impressive financial results for the quarter ending June 2024. The company’s net profit rose by 92% year-on-year, reaching Rs 100 crore, surpassing analysts’ expectations. Revenue also saw a significant increase of 30% YoY, totaling Rs 2,381 crore.
ITD Cementation India specializes in engineering and construction, with expertise in heavy civil and EPC projects. The company operates in various sectors including:
- Maritime structures
- Mass rapid transit systems
- Airports
- Hydroelectric power
- Tunnels, dams, and irrigation
- Highways, bridges, and flyovers
- Industrial structures and buildings
- Foundation and specialist engineering
Financial Highlights
- Net Profit: Rs 100 crore, up 92% YoY
- Revenue: Rs 2,381 crore, up 30% YoY
- EBITDA: Rs 221 crore, up 36.4% YoY
- EBITDA Margin: Expanded to 9.3%
- Order Book: Rs 18,536 crore as of June 30, 2024
- New Orders: Secured orders worth over Rs 1,053 crore during the quarter
- Net Debt-to-Equity Ratio: 0.30x
The company’s strong financial performance and robust order book have positioned it well for future growth. At 10:10 AM, ITD Cementation India’s shares were trading 9.54% higher at ₹529.00.
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