ITD Cementation India Ltd. experienced a nearly 2% increase in its share price following the announcement of its Q2 FY25 financial results, reflecting strong year-over-year (YoY) growth in both revenue and net profit.
Financial Highlights
- Revenue from Operations: The company reported a revenue of ₹1,990.87 crore in Q2 FY25, marking a significant 23.6% YoY increase from ₹1,610.41 crore in Q2 FY24. On a quarter-over-quarter (QoQ) basis, revenue declined by 16.4% from ₹2,381.49 crore in Q1 FY25.
- Profit Before Tax (PBT): ITD Cementation recorded a PBT of ₹100.13 crore for Q2 FY25, reflecting a notable 47.1% YoY growth from ₹68.06 crore in Q2 FY24. However, compared to the previous quarter, PBT decreased by 26% from ₹135.09 crore in Q1 FY25.
- Net Profit: The company’s net profit stood at ₹72.19 crore in Q2 FY25, showing an impressive 34.4% YoY increase from ₹53.69 crore in Q2 FY24. On a QoQ basis, net profit decreased by 27.9% from ₹100.18 crore in Q1 FY25.
Summary
The Q2 FY25 results highlight ITD Cementation’s robust YoY growth in revenue and profitability, driven by operational efficiency and increased project execution. Despite a QoQ decline, the company’s annual growth showcases its resilience and strong foothold in the construction sector.