ITD Cementation Q3 Review - Rising Execution; Higher JV Profits Boost Profitability: Prabhudas Lilladher
Light trails left by moving traffic run along a construction site for an elevated metro railway line in Nagpur, India (Photographer Dhiraj Singh/Bloomberg)

ITD Cementation Q3 Review - Rising Execution; Higher JV Profits Boost Profitability: Prabhudas Lilladher

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Prabhudas Lilladher Report

ITD Cementation India Ltd. reported a decent set of numbers as revenues (up 12% YoY) are in line with estimates while higher joint venture profits lead to positive surprise at profit after tax level.

With hiccups in Kolkata and Bangalore metro left behind (as projects are operating in full swing and nearing completion), healthy and diversified order book, robust bid pipeline (Rs 160-200 billion across marine, urban infra and airports) and overall strong infra push in the economy, we expect execution momentum to remain strong going ahead.

Click on the attachment to read the full report:

Prabhudas Lilladher ITD Cementation Q3FY21 Result Update.pdf

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