ITD Cementation plunges 10% after Q3 profit sheds 57%

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26 Aug, 2025 12:21

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Moneycontrol BureauShares of ITD Cementation India plunged 10 percent intraday Wednesday on the back of weak numbers declared by the company for the quarter ended December 2016 (Q3).It has reported 56.8 percent decline in its consolidated Q3 net profit at Rs 13 crore against Rs 30.1 crore, in the same quarter last year.Total income was down 31.3 percent at Rs 729.9 crore versus Rs 1,063.2 crore.The company's operating profit (EBITDA) fell 15.2 percent at Rs 55.6 crore, while EBITDA margin was up at 7.6 percent.It has incurred tax expense of Rs 12.6 crore versus Rs 3.2 crore.
S Ramnath, CFO of ITD Cementation in an interview with CNBC-TV18 said, “The company expects 8-10 percent growth in topline and significant improvement in bottomline this year. The margins & RoE of the company should improve materially going forward.”

At 09:27 hrs ITD Cementation India was quoting at Rs 151.30, down Rs 9.50, or 5.91 percent on the BSE.Posted by Rakesh Patil