52-week high alert: This small-cap civil construction company reports a 339.78 per cent jump in net profit!
Shares of this company have gained more than 25 per cent in the last six months.
ITD Cementation India Limited experienced a strong financial performance, specifically PAT and PBT. In Q4FY23, the company reported a profit of Rs 44.20 crore. In Q4FY23, the revenue of the company reached Rs 1631.41 crore which grew by 38.98 per cent YoY. The company’s operating profit surged by 77.25 per cent staying at Rs 153.91 crore, while the PAT of the company stood at Rs 44.20 crore, with an increase of 339.78 per cent.
The market reacted to the news positively and shares of ITD Cementation India Limited made a fresh 52-week high at Rs 172.30 on Wednesday.
ITD Cementation India Limited is engaged in the business of providing design, engineering, procurement and construction (EPC) services for infrastructure projects in India. The company has an order book of Rs 8,000 crore, which gives revenue visibility of more than one year.
On Friday, the stock opened at Rs 126.00, with a high and low of Rs 131.58 and Rs 115.05. The stock previously closed at Rs 119.52. On Friday, the stock closed at Rs 121.88, up by 1.89 per cent.
Overall, the financial performance of the company showed excellent growth and demonstrated improvement in profit margins, indicating better operational efficiency, and investors should keep a close eye on this stock.
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