ITD Cementation gains after robust Q2 results

ITD Cementation India rose 5.10% to Rs 155.65 at 12:30 IST on BSE after consolidated net profit rose 119.72% to Rs 20.72 crore on 41.29% decline in net sales to Rs 489.17 crore in Q2 June 2017 over Q2 June 2016.

The result was announced after market hours yesterday, 9 August 2017.

Meanwhile, the S&P BSE Sensex was down 119.92 points, or 0.38% to 31,677.92.

On the BSE, 4.66 lakh shares were traded in the counter so far, compared with average daily volumes of 51,092 shares in the past one quarter. The stock had hit a high of Rs 157.25 and a low of Rs 149.50 so far during the day. The stock hit a record high of Rs 193.35 on 2 May 2017. The stock hit a 52-week low of Rs 126.20 on 9 November 2016.

The stock had underperformed the market over the past one month till 9 August 2017, falling 13.82% compared with 0.16% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 18.69% as against Sensex's 5.11% rise. The scrip had outperformed the market in past one year, rising 4.48% as against Sensex's 14.48% rise.

The small-cap company has equity capital of Rs 15.52 crore. Face value per share is Re 1.

ITD Cementation India said it had an order book of Rs 8212.10 crore as on 30 June 2017 executable over a period of 30 months.

ITD Cementation India is engaged in the construction of marine structures, highways, bridges & flyovers, metros, airports, hydro-tunneling, dams & canals, water & waste water segment, industrial structures, buildings and specialist foundation engineering projects.

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