The first project involves executing multiple construction works at Trivandrum International Airport in Kerala. The second contract is for the construction of a multi-storied commercial building in Kolkata, West Bengal. The company did not name the client or provide a timeline for execution.
Fourth quarter
ITD Cementation India’s net profit rose 27% year-on-year to ₹113.6 crore in the fourth quarter ended March 31.. The company’s topline also saw robust growth, with revenue increasing nearly 10% YoY to ₹2,478.7 crore, aided by steady execution across key projects.
Also Read: ITD Cementation wins ₹893 crore contract for Odisha jetty project
Operating profit for the quarter rose 18% to ₹259.6 crore, leading to an improvement in operating margins to 10.5%, compared to 9.8% in the same period last year.
The board of directors recommended a dividend of ₹2 per equity share (200%) for FY25.
Shares of ITD Cementation India Ltd ended at ₹810.75, up by ₹10.40, or 1.30%, on the BSE
Also Read: ITD Cementation shares jump 12% after ₹593 crore order win
(Edited by : Shoma Bhattacharjee)
