ITD Cementation India Limited announced that due to covid-19, profitability will be impacted during first two quarters of fiscal year 2020-21, as it will not be possible to curtail the committed and fixed costs despite reduction in revenue. The operations of the company have been impacted in the short term. However, it is not possible for the company at this stage to speculate how this situation will further unfold in future and what would be the long-term effect due to COVID. Although project sites are presently operating, the level of construction activity is significantly lower than in the months immediately prior to the lockdown in March 2020. At this stage where the company is yet uncertain on how the COVID situation will unfold, it will be difficult to assess the impact on revenues and profitability in Fiscal Year 2020-21.