This infrastructure stock surges 15% as Q1 net profit nearly doubles to ₹100 crore; check details

ITD Cementation India informed the exchanges on August 7 about its financial results for the Q1FY25. The company’s profit-after-tax (PAT) for Q1FY25 grew over 91% YoY to ₹100.18 crore from ₹52.33 crore in Q1FY24. ITD Cementation’s PAT for the June quarter of FY25 grew nearly 12% QoQ from ₹89.55 crore in Q4FY24.

ITD Cementation’s revenue from operations grew nearly 30% to ₹2,381.48 crore in Q1FY25 against ₹1,832.57 crore in Q1FY24. Sequentially, the company’s revenue from operations grew over 5% from ₹2,257.72 crore.

The civil construction company informed the exchanges that its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased 36% year over year to ₹237 crore. The company’s EBITDA margin for the June quarter of FY25 stood at 9.97%.

The company’s consolidated order book reached ₹18,536 crore as of June 30, 2024.

ITD Cementation India Limited is a civil engineering and construction company that undertakes infrastructure projects on an Engineering Procurement and Construction (EPC) basis. The company has a presence in maritime structures, Mass Rapid Transit Systems, Airports, hydro-electric power, Tunnels, and other civil infrastructure works.

ITD Cementation shares are trading at ₹552.1 apiece, up 14%, on the NSE at 1:15 pm. ITD Cementation stock has gained over 179% in the last one year and 88% so far this year. In the past six months the stock has gained over 56% and up to 18% in a month.