In an interview to CNBC-TV18, Prasad Patwardhan, Chief Financial Officer, ITD Cementation India spoke about the results and his outlook for the company.
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's CFO S Ramnath attributes the lower-than-expected earnings to recognition of loss in share of joint venture during the second quarter.
With focus on execution and taking up cash generating projects, we are confident of 15-20 percent growth in CY16, said S Ramnath, CFO, ITD Cementation.
Speaking to CNBC-TV18, S Ramnath, CFO of ITD said that improvement in order inflows gave boost to the company‘s topline and expects revenue to grow 15-20 percent in CY16.
In an interview with CNBC-TV18, S Ramnarth, Chief Financial Officer of ITD Cementation said with new projects lined up, he expects the company to turn profitable in CY15.
S Ramnath, CFO, ITD Cementation says 50% of total order book comprises of Maritime Infra. The company is also pursuing opportunities in Uttarakhand, UP and other states for riverfront projects.
The long-term prognosis is very good backed by strong orders and Q4 could be a breakeven performance, said S Ramnath of ITD Cementation.
ITD Cementation‘s management believes it has a healthy order book and the contraction in piling and foundation work flow is a temporary phenomenon. Here is an edited transcript of the response to the questionnaire sent by moneycontrol.com