ITD Cementation India Q1 Results Reports Impressive Revenue of ₹2,381.49 Crores

ITD Cementation India Q1 Results: ITD Cementation India reported its Q1 results for June 2024, showing significant growth year-over-year (YoY) and quarter-on-quarter (QoQ). The company's total revenue reached ₹2,381.49 crores in June 2024, a rise from ₹1,832.57 crores in June 2023, marking a strong YoY improvement. Compared to March 2023, when revenue was ₹1,631.41 crores, it also showed growth on a QoQ basis.

ITD Cementation India’s Selling, general, and administrative expenses were ₹173.38 crores in June 2024, up from ₹143.87 crores a year ago, showing an increase YoY. QoQ, these expenses rose compared to ₹129.67 crores in March 2023.

ITD Cementation India's operating income improved YoY to ₹171.99 crores in June 2024, from ₹116.86 crores in June 2023, demonstrating better profitability. QoQ, this was also a positive jump from ₹115.76 crores in March 2023.

ITD Cementation India’s Net income before taxes was ₹135.09 crores in June 2024, up from ₹78.80 crores in June 2023, showing a considerable YoY increase. Net income also saw a notable rise YoY to ₹100.19 crores, compared to ₹52.21 crores in June 2023. QoQ, it surged from ₹37.79 crores in March 2023.

ITD Cementation India’s diluted normalized earnings per share (EPS) grew to ₹5.83 in June 2024, up from ₹3.04 YoY. This reflects strong overall performance for the quarter.

Here is a simplified version of ITD Cementation India's Q1 results for June 2024:

(All figures in crores except EPS)

Source: Here 

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ITD Cementation India Q1 Results

ITD Cementation India table shows the financial performance of ITD Cementation India for the quarter that ended on June 30, 2024, compared to previous periods. The company's revenue from operations increased to ₹2,37,649 lakhs from ₹1,79,996 lakhs in the same quarter last year, showing a positive growth trend. Other income, which includes earnings from sources other than core business operations, was ₹1,495 lakhs, making the total income for the quarter ₹2,39,144 lakhs.

On the expense side, ITD Cementation India spent ₹87,945 lakhs on construction materials, and employee expenses were ₹73,336 lakhs, which increased compared to earlier quarters. Finance costs, which include interest payments, were ₹17,148 lakhs, while depreciation and amortization expenses were ₹5,282 lakhs, showing that the company continues to invest in its assets.

ITD Cementation India After subtracting all the expenses from the total income, ITD Cementation India reported a profit before tax of ₹13,510 lakhs, a rise from ₹7,727 lakhs in the same period last year. However, after considering taxes and other income adjustments, the net profit for the quarter stood at ₹9,499 lakhs.

ITD Cementation India’s earnings per share were ₹5.83, indicating how much profit each share of the company earned. Overall, the results show growth in revenue, expenses, and profitability for ITD Cementation India in this quarter.

Here is the financial data in table format with values converted into lakhs, except for the share values:

ITD Cementation India Financial Metrics

ITD Cementation India table provides key financial information. The Market Cap of ₹ 11,328 Crores shows the company's total value in the stock market. The Current Price of ₹ 659 indicates how much one share costs right now. The 52-Week High/Low range of ₹ 682 and ₹ 188 shows the highest and lowest prices for the stock over the past year. The Stock P/E ratio of 35.3 suggests how much investors are willing to pay for each rupee of profit. Book Value at ₹ 87.0 represents the company's net asset value per share. 

Here is the data in table format:

Quarterly Results 

ITD Cementation India's quarterly results table shows the company's financial performance for December 2023, March 2024, and June 2024. In December 2023, the company had sales of Rs. 2,017 Crores and made a net profit of Rs. 79 Crores, with earnings per share (EPS) of Rs. 4.56. By March 2024, sales grew to Rs. 2,258 Crores, and net profit increased to Rs. 90 Crores, raising the EPS to Rs. 5.21. 

Here's the information in table format: 

About ITD Cementation India

ITD Cementation India is a major construction company in India, known for its expertise in civil engineering and infrastructure projects. Established in 1931, it has a long history in the country, originally starting as a branch of The Cementation Company from the UK. In 1978, it became an Indian company and was named Cemindia Company. Over the years, the company changed its name several times due to acquisitions, becoming Kvaerner Cementation India and later Skanska Cementation India. In 2005, it was acquired by Italian-Thai Development Public Company and adopted its current name, ITD Cementation India.

Today, the company works on large-scale projects, including roads, bridges, and buildings, contributing significantly to India's infrastructure development. With a strong parent company backing, ITD Cementation continues to expand and take on more ambitious construction projects across the country.