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ITD Cementation Q1 Review - Execution Garnering Pace: Prabhudas Lilladher

ITD Cementation Q1 Review - Execution Garnering Pace: Prabhudas Lilladher

<div class="paragraphs"><p>Light trails left by moving traffic run along a construction site for an elevated metro railway line in Nagpur, India (Photographer: Dhiraj Singh/Bloomberg)</p></div>
Light trails left by moving traffic run along a construction site for an elevated metro railway line in Nagpur, India (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

ITD Cementation India Ltd. posted decent set of numbers with revenues coming above our and street estimates despite impact of second wave and labour migration issues.

ITD Cementation bagged projects worth Rs 16.2 billion in Q1 and is level-one in orders worth Rs 1.2 billion.

Bid pipeline remains strong at Rs 300-350 billion primarily driven from marine and metro segments.

With execution ramp up, labour availability improving and large part of order book under execution management expects strong performance in H2 FY22E.

Click on the attachment to read the full report:

Prabhudas Lilladher ITD Cementation Q1FY22 Result Update.pdf

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