ITD Cementation Q1 Review - Execution Garnering Pace: Prabhudas Lilladher
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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.
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