ITD Cementation On a Breakout.
Target Price : 360
ITD Cementation India Limited provides construction and civil engineering services in India and internationally. The company constructs maritime structures, including jetties, dolphins, service platforms, quay, berths on concrete and steel piles, solid gravity type wharf structures, ship lifts, dry docks, wet basins, and inclined berths; and offers breakwater and piled approach trestles, steel piles and bored cast, undersea ground improvement, dredging and land reclamation, and coastal erosion protection and rock bund services. It also constructs highways, bridges, and flyovers; tunnels and airports; hydroelectric and irrigation projects comprising pumping stations, power houses, tunnels, intake structures, and pressure shafts; mass rapid transport systems; and dams, building and industrial structures. In addition, the company offers foundation and specialist engineering services comprising geotechnical investigations, piling, diaphragm walling, sandwicks/band drains, drilling and grouting, rock/soil anchors repairs, box pushing, and tube heading services. Further, it engages in the civil works for refinery, petrochemical, power, steel, and fertilizer plants; and design, construction, supply, installation, and commissioning of pipelines, as well as operates water and waste water treatment plants. The company was formerly known as Skanska Cementation India Limited and changed its name to ITD Cementation India Limited in May 2005. ITD Cementation India Limited was founded in 1931 and is based in Mumbai, India.
ITD Cementation India Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 18,325.71 million compared to INR 10,978.37 million a year ago. Revenue was INR 18,411.44 million compared to INR 11,063.77 million a year ago. Net income was INR 522.07 million compared to INR 300.62 million a year ago. Basic earnings per share from continuing operations was INR 3.04 compared to INR 1.75 a year ago. Diluted earnings per share from continuing operations was INR 3.04 compared to INR 1.75 a year ago.
ITD Cementation India Limited provides construction and civil engineering services in India and internationally. The company constructs maritime structures, including jetties, dolphins, service platforms, quay, berths on concrete and steel piles, solid gravity type wharf structures, ship lifts, dry docks, wet basins, and inclined berths; and offers breakwater and piled approach trestles, steel piles and bored cast, undersea ground improvement, dredging and land reclamation, and coastal erosion protection and rock bund services. It also constructs highways, bridges, and flyovers; tunnels and airports; hydroelectric and irrigation projects comprising pumping stations, power houses, tunnels, intake structures, and pressure shafts; mass rapid transport systems; and dams, building and industrial structures. In addition, the company offers foundation and specialist engineering services comprising geotechnical investigations, piling, diaphragm walling, sandwicks/band drains, drilling and grouting, rock/soil anchors repairs, box pushing, and tube heading services. Further, it engages in the civil works for refinery, petrochemical, power, steel, and fertilizer plants; and design, construction, supply, installation, and commissioning of pipelines, as well as operates water and waste water treatment plants. The company was formerly known as Skanska Cementation India Limited and changed its name to ITD Cementation India Limited in May 2005. ITD Cementation India Limited was founded in 1931 and is based in Mumbai, India.
ITD Cementation India Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 18,325.71 million compared to INR 10,978.37 million a year ago. Revenue was INR 18,411.44 million compared to INR 11,063.77 million a year ago. Net income was INR 522.07 million compared to INR 300.62 million a year ago. Basic earnings per share from continuing operations was INR 3.04 compared to INR 1.75 a year ago. Diluted earnings per share from continuing operations was INR 3.04 compared to INR 1.75 a year ago.
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