ITD Cementation India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 08, 2023 at 07:06 am EST
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ITD Cementation India Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 13,270.17 million compared to INR 9,981.47 million a year ago. Revenue was INR 13,277.59 million compared to INR 10,008.83 million a year ago. Net income was INR 365.21 million compared to INR 196.54 million a year ago. Basic earnings per share from continuing operations was INR 2.13 compared to INR 1.14 a year ago. Diluted earnings per share from continuing operations was INR 2.13 compared to INR 1.14 a year ago.
For the nine months, sales was INR 34,595.05 million compared to INR 26,351.74 million a year ago. Revenue was INR 34,808.51 million compared to INR 26,439.82 million a year ago. Net income was INR 864.55 million compared to INR 524.23 million a year ago. Basic earnings per share from continuing operations was INR 5.03 compared to INR 3.05 a year ago. Diluted earnings per share from continuing operations was INR 5.03 compared to INR 3.05 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 
