ITD Cementation India Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
November 09, 2016 at 04:35 am EST
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ITD Cementation India Limited announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, on standalone basis, the company reported net sales of INR 4,436.289 million against INR 6,063.861 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 293.129 million against INR 288.137 million a year ago. Profit from ordinary activities before tax was INR 134.356 million against INR 44.401 million a year ago. Net profit for the period was INR 68.662 million or INR 0.44 basic and diluted per share before and after extraordinary items against INR 41.537 million or INR 0.27 basic and diluted per share before and after extraordinary items a year ago.
For the nine months, on standalone basis, the company reported net sales of INR 22,383.319 million against INR 17,454.453 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,244.291 million against INR 809.997 million a year ago. Profit from ordinary activities before tax was INR 694.959 million against loss from ordinary activities before tax of INR 1,209.271 million a year ago. Net profit for the period was INR 350.955 million or INR 2.26 basic and diluted per share before and after extraordinary items against net loss for the period of INR 893.656 million or INR 5.76 basic and diluted per share before and after extraordinary items a year ago.
For the quarter, on consolidated basis, the company reported net sales of INR 4,823.715 million against INR 6,871.773 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 350.449 million against INR 349.987 million a year ago. Profit from ordinary activities before tax was INR 124.667 million against INR 49.165 million a year ago. Net profit for the period was INR 68.658 million or INR 0.44 basic and diluted per share before and after extraordinary items against INR 41.534 million or INR 0.27 basic and diluted per share before and after extraordinary items a year ago.
For the nine months, on consolidated basis, the company reported net sales of INR 23,588.082 million against INR 20,060.203 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,212.154 million against INR 966.536 million a year ago. Profit from ordinary activities before tax was INR 479.470 million against loss from ordinary activities before tax of INR 1,178.379 million a year ago. Net profit for the period was INR 350.954 million or INR 2.26 basic and diluted per share before and after extraordinary items against net loss for the period of INR 893.649 million or INR 5.76 basic and diluted per share before and after extraordinary items a year ago.
ITD Cementation India Limited is an India-based engineering and construction company. The Company is involved in the heavy civil, infrastructure, and engineering, procurement and construction (EPC) business and operates in India. The Company is engaged in urban infrastructure, Mass Rapid Transport Systems (MRTS) and airports; highways, bridges and flyovers; maritime structures; industrial structures and buildings; water and wastewater; foundation and specialist engineering, and hydro, dams, tunnels and irrigation. It is focused on construction of flyovers, underpasses and river bridges using specialized foundation techniques. The Company offers a modern and comprehensive range of construction techniques for the construction of piles and diaphragm walls, ground improvement, drilling grouting works, rock anchors, slope stabilization and rehabilitation work. The Companyâs subsidiaries include ITD Cementation Projects India Limited, ITD Cemindia JV and ITD Cem-Maytas Consortium.
ITD Cementation India Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016