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ITD Cementation reported its highest ever net profit of Rs 125 crore for the full year, a growth of 80 percent from last year.
Shares of ITD Cementation India Ltd. surged 5.5 percent on Friday to trade near its 52-week high after the company reported record revenue, net profit and order inflow for financial year 2023.
For the March quarter, the company's net profit more than doubled to Rs 37.8 crore, while revenue increased by 39 percent from last year. Operating profit or EBITDA increased by 75 percent to Rs 146.6 crore from Rs 83.8 crore last year. EBITDA margin also improved by nearly 190 basis points to 9 percent from 7.1 percent last year.
ITD Cementation reported its highest ever net profit of Rs 125 crore for the full year, a growth of 80 percent from last year. Revenue for the year also increased by 34 percent year-on-year to Rs 5,091 crore.