Q2 2025 ITD Cementation India Ltd Earnings Call Transcript
Key Points
- ITD Cementation India Ltd (BOM:509496) reported a significant year-on-year growth in total income by 24% for the quarter and 27% for the half-year.
- The company achieved a profit after tax growth of 34% for the quarter and 63% for the half-year, indicating strong financial performance.
- The balance sheet remains robust with low leverage, maintaining a net equity ratio of about 0.4 times.
- The company secured orders worth approximately 3,850 Crores in October, enhancing its order book.
- The management expressed confidence in achieving a 20%-25% revenue growth, supported by a strong pipeline of projects worth 30,000 Crores.
- Revenue for the quarter was affected by the monsoon, impacting road work projects that are weather-dependent.
- Political issues in Bangladesh hindered progress on a transmission line project, affecting revenue and margins.
- The company's order book decreased from 22,000 Crores to below 18,000 Crores, raising concerns about future growth.
- Margins were slightly down this quarter, attributed to seasonal factors and project-specific challenges.
- The company faces challenges with manpower shortages in certain segments, which could impact project execution.
Ladies and gentlemen, good day. And welcome to ITD Cementation Limited Q2 FY 25 earnings conference call hosted by ICICI Securities Limited.
As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call? Please signal an operator by pressing star then zero on your touchtone phone.
Please note that this conference is being recorded.
I now hand the conference Miss Nidhi Shah from ICICI Securities. Thank you and over to you, ma'am.
Thank you, Niraj. Good afternoon. On behalf of ICICI Securities. I welcome you all to the Q2 FY25 on this call of ITD Cementation, India Limited. Today we have with us from the management, Mr Jayanta Basu, the managing director, Mr Prasad. But we then the CFO we will begin with opening remarks from the management followed by a Q&A Thank you and over to you, sir.
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