ITD Cementation India Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
August 10, 2016 at 04:04 am EDT
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ITD Cementation India Limited reported unaudited standalone and consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, on standalone basis, reported total income from operation of INR 8,077.559 million compared to INR 6,474.247 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 377.565 million compared to INR 339.059 million a year ago. Profit from ordinary activates before tax was INR 196.783 million compared to INR 32.479 million a year ago. Net profit was INR 52.100 million or INR 0.34 per basic and diluted share before and after extraordinary items compared to INR 31.540 million or INR 0.20 per basic and diluted share before and after extraordinary items a year ago.
For the six months, on standalone basis, reported total income from operation of INR 17,575.847 million compared to INR 11,456.109 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 951.162 million compared to INR 521.860 million a year ago. Profit from ordinary activates before tax was INR 560.603 million compared to loss from ordinary activates before tax of INR 1,253.672 million a year ago. Net profit was INR 282.293 million or INR 1.82 per basic and diluted share before and after extraordinary items compared to net loss of INR 935.183 million or INR 6.03 per basic and diluted share before and after extraordinary items a year ago.
For the quarter, on consolidated basis, reported total income from operation of INR 8,614.383 million compared to INR 7,323.498 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 310.871 million compared to INR 395.690 million a year ago. Profit from ordinary activates before tax was INR 67.832 million compared to INR 55.215 million a year ago. Net profit was INR 52.100 million or INR 0.34 per basic and diluted share before and after extraordinary items compared to INR 31.539 million or INR 0.20 per basic and diluted share before and after extraordinary items a year ago.
For the six months, on consolidated basis, reported total income from operation of INR 18,770.319 million compared to INR 13,200.720 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 861.705 million compared to INR 616.549 million a year ago. Profit from ordinary activates before tax was INR 354.803 million compared to loss from ordinary activates before tax of INR 1,227.544 million a year ago. Net profit was INR 282.296 million or INR 1.82 per basic and diluted share before and after extraordinary items compared to net loss of INR 935.183 million or INR 6.03 per basic and diluted 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.