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ITD Cementation shares hit record high after ₹580 crore order; stock up 4%
The company's stock rose as much as 4.5 per cent during the day to a life-high of ₹929.4 per share. The stock pared gains to trade 3.3 per cent higher at ₹917.6 apiece, compared to a 0.13 per cent decline in Nifty 50 as of 09:40 AM.
Shares of the company extended gains to their fifth straight day on Friday, gaining nearly 15 per cent in the process. From its May low, the scrip has surged nearly 92 per cent. The counter has risen 71 per cent this year, compared to an 8.2 per cent advance in the benchmark Nifty 50. ITD Cementation has a total market capitalisation of ₹15,656.72 crore, according to BSE data.
ITD Cementation's ₹580 crore order win
The company has secured an international marine contract worth $ 67.4 million (or ₹580 crore) for Jetty construction works for the Ruwais LNG project in Abu Dhabi, according to an exchange filing on Friday.
ITD Cementation Q4 results
The company's Q4FY25 total operating income rose 10 per cent year-on-year (Y-o-Y) to ₹2,480 crore. Its Ebitda jumped 11 per cent Y-o-Y to ₹268 crore, while Q4FY25 profit after tax (PAT) zoomed 27 per cent annually to ₹114 crore.
In FY25, the total operating income climbed 18 per cent Y-o-Y to ₹9,097 crore. Its Ebitda zoomed 14 per cent Y-o-Y to ₹923 crore, and PAT gained 36 per cent Y-o-Y to ₹373 crore.
About ITD Cementation
ITD Cementation India is an Engineering and Construction firm undertaking heavy civil, infrastructure and EPC business and operating in India for nine decades. It has an established presence and expertise in Maritime Structures, Mass Rapid Transit Systems, Airports, Hydro-Electric Power, Tunnels, Dams & Irrigation, Highways, Bridges & Flyovers, Industrial Structures and Buildings, Water & Waste Water and Foundation and Specialist Engineering.
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