Quarterly Results : ITD Cementation India

ITD Cementation Ltd. reported its consolidated results for the quarter ended December 31, 2016 today.

The company reported sales of Rs 730 crore for Q3FY16, which represents a 51.26 per cent sequential increase and 31.3 per cent YoY decline.

Its operating profit (EBIT) for the quarter came in at Rs 43.8 crore, with EBIT margin of 6 per cent.

The company reported PAT of Rs 13 crore, which represents a sequential QoQ increase of 91.18 per cent and a YoY decline of 56.67 per cent.

The company's stock opened at Rs 160.05 on the BSE and rose 0.41 per cent to close for the day at Rs 160.70.

ITD Cementation India Limited is an infrastructure company. The company's operations spans areas such as maritime structures, mass rapid transit systems, hydro power,tunnels, dam & irrigation, airports, highways, bridges & flyovers and tube heading & box pushing. The company operates in only one segment, namely, construction.