ITD Cementation India Ltd Reports Impressive 34% Surge In Quarterly Profit

ITD Cementation India Ltd. has announced its quarterly results today. The company operates in the heavy civil, infrastructure, and EPC sectors, specializing in the construction of maritime structures, highways, bridges, flyovers, airports, wastewater systems, box pushing, tube heading, micro tunnelling, and more. Over the course of the year, ITD Cementation has successfully reported consistent quarterly profits. The company has experienced a significant surge in its net profits throughout the year. We will provide further details regarding ITD Cementation’s quarterly performance below.

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ITD Cementation India Ltd. Reports Strong Gains in Net Profit, Sales, and Revenue: Here’s The Numbers

ITD Cementation India Ltd. recently unveiled its quarterly results, showcasing an impressive 34% surge in net profit, which reached Rs. 72 crores. The company’s revenue also saw a notable 24% increase, rising to Rs. 1,991 crores. Additionally, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) experienced a 15% growth, amounting to Rs. 181.7 crores. Comparing these figures with the same quarter from the previous year, net profit stood at Rs. 53.6 crores, while revenue from operations was Rs. 1,610.4 crores. The EBITDA for that period was Rs. 158 crores. On a sequential basis, in Q1 FY25, the company reported a net profit of Rs. 172 crores, with revenue from operations totalling Rs. 4,372 crores, and EBITDA of Rs. 442 crores.

ITD Cementation India Ltd. Stock Performance and Share Price Update

ITD Cementation India Ltd. shares are currently priced at Rs. 517.75 per share. The stock opened at Rs. 520.85 and closed at Rs. 521.90 today, reflecting a modest decline of 0.5%. Despite this slight dip, analysts recommend maintaining a hold position on the stock. The company’s 52-week high stands at Rs. 694.30, while its 52-week low is Rs. 231.25. Over the past five days, the stock has declined by 4.17%, and monthly, it has fallen by 11.18%. Despite these recent setbacks, the stock continues to follow an overall bullish trend, with its current price still significantly above its all-time low, indicating that there is potential for recovery and growth.