Q1 2025 ITD Cementation India Ltd Earnings Call Transcript
Key Points
- ITD Cementation India Ltd (BOM:509496) reported its highest ever operating income of INR2,381 crore, representing a 30% year-on-year growth.
- EBITDA for the quarter stood at INR237 crore, marking a 36% year-on-year increase.
- Profit after tax reached INR100 crore for the first time, showing a 100% year-on-year growth.
- The company's net debt to equity ratio is at a manageable 0.3 times, indicating a strong balance sheet.
- Significant progress on key projects like the Ganga Expressway, Chennai Metro, and Bangalore Metro, with some nearing completion.
- Political instability in Bangladesh has delayed the start of a significant project valued at INR1,500 crore.
- Monsoon season has temporarily slowed progress on the Ganga Expressway project.
- The company faces intense competition in the domestic market, which could impact margins.
- Interest costs could increase as the volume of operations grows and new orders are secured.
- Uncertainty regarding the parent company's stake sale could impact future operations and strategic direction.
Ladies and gentlemen, good day, and welcome to ITD Cementation Q1 FY25 earnings conference call hosted by ICICI Securities. (Operator Instructions) Please note that this conference has been recorded. And I now hand the conference over to Mr. Mohit from ICICI. Thank you, and over to you sir.
Thank you, Sumit. Good afternoon. On behalf of ICICI Securities, I welcome you all to the Q1 FY25 earnings call of ITD Cementation India Limited. Today, we have with us from the management team, Mr. Jayanta Basu, Managing Director; and Mr. Prasad Patwardhan, our CFO; and Rahul from Investor Relations.
Without much delay, I'll hand over the call to management for their opening remarks, which are followed by Q&A. Thanks sir, over to you, sir.
Thank you, Mohit. Good morning, everyone. This is Prasad Patwardhan and I would like to thank you for joining us on this Q1 FY25 earnings call. Before we begin
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