ITD Cementation India Limited Reports Unaudited Standalone and Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2017
August 09, 2017 at 10:54 am EDT
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ITD Cementation India Limited reported unaudited standalone and consolidated earnings results for second quarter and six months ended June 30, 2017. For the quarter, on standalone basis, the company reported income from operations of INR 4,734.396 million against income from operations of INR 8,301.651 million a year ago. Profit before tax was INR 296.49 million against profit before tax of INR 260.309 million a year ago. Net profit was INR 207.204 million against net profit of INR 93.603 million a year ago. Basic and diluted per share was INR 1.34 against basic and diluted per share of INR 0.6 a year ago.
For the six months, on standalone basis, the company reported income from operations of INR 9,917.66 million against income from operations of INR 17,958.746 million a year ago. Profit before tax was INR 614.611 million against profit before tax of INR 604.841 million a year ago. Net profit was INR 358.878 million against net profit of INR 311.16 million a year ago. Basic and diluted per share was INR 2.31 against basic and diluted per share of INR 2.01 a year ago.
For the quarter, on consolidated basis, the company reported income from operations of INR 4,891.749 million against income from operations of INR 8,331.913 million a year ago. Profit from operations before other income and finance costs and exceptional items was INR 275.877 million against profit from operations before other income and finance costs and exceptional items of INR 487.676 million a year ago. Profit before tax was INR 296.246 million against profit before tax of INR 260.551 million a year ago. Net profit was INR 207.17 million against net profit of INR 94.313 million a year ago. Basic and diluted per share was INR 1.34 against basic and diluted per share of INR 0.6 a year ago.
For the six months, on consolidated basis, the company reported income from operations of INR 10,126.164 million against income from operations of INR 18,063.699 million a year ago. Profit from operations before other income and finance costs and exceptional items was INR 762.778 million against profit from operations before other income and finance costs and exceptional items of INR 1,000.892 million a year ago. Profit before tax was INR 615.567 million against profit before tax of INR 607.581 million a year ago. Net profit was INR 359.786 million against net profit of INR 313.428 million a year ago. Basic and diluted per share was INR 2.31 against basic and diluted per share of INR 2.01 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.