ITD Cementation India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 25, 2023 at 07:53 am EDT
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ITD Cementation India Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 16,314.06 million compared to INR 11,738.43 million a year ago. Revenue was INR 16,386.83 million compared to INR 11,768.93 million a year ago. Net income was INR 377.9 million compared to INR 163.82 million a year ago. Basic earnings per share from continuing operations was INR 2.2 compared to INR 0.95 a year ago. Diluted earnings per share from continuing operations was INR 2.2 compared to INR 0.95 a year ago.
For the full year, sales was INR 50,909.11 million compared to INR 38,090.17 million a year ago. Revenue was INR 51,195.33 million compared to INR 38,208.75 million a year ago. Net income was INR 1,242.44 million compared to INR 688.05 million a year ago. Basic earnings per share from continuing operations was INR 7.23 compared to INR 4.01 a year ago. Diluted earnings per share from continuing operations was INR 7.23 compared to INR 4.01 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 
