172@29@17@144!~!172@29@0@53!~!|news|business|earnings|see-topline-growth8-10-this-year-itd-cementation-1015500.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false
Moneycontrol
Watch experts decode 'The rise of ESG investing' on October 29 at 4pm. Register Now!
Last Updated : Feb 22, 2017 11:29 AM IST | Source: CNBC-TV18

See topline growth of 8-10% this year: ITD Cementation

ITD Cementation hopes to grow revenues by 8-10 percent this year with significant improvement in the bottom-line, says Chief Financial Officer, S Ramnath.

ITD Cementation hopes to grow revenues by 8-10 percent this year with significant improvement in the bottom-line, says Chief Financial Officer, S Ramnath.

Speaking to CNBC-TV18, Ramnath said, currently the order book of the company is around Rs 6,600 crore excluding L1 projects. EBITDA margins are at 9.6 percent for the quarter excluding JV losses.

ITD has an annual target of Rs 6,000 crore on order inflows and expects margins and RoE to improve substantially going forward.

ITD Cementation posted a weak set of numbers for the quarter ended December 2016. It reported a weak topline and also took a hit on the profit after tax (PAT) backed by higher taxation incidence.

Watch video for more..
First Published on Feb 22, 2017 11:29 am
Sections