ITD Cementation shares in focus after bagging Rs 960 crore orders in Kerala and West Bengal
Shares of
ITD Cementation
India will be in focus on Friday after the engineering and construction firm announced it has secured two new orders worth approximately Rs 960 crore (excluding GST).
The first contract involves executing multiple construction works at
Trivandrum International Airport
in Kerala, while the second project entails building a multi-storied commercial complex in Kolkata, West Bengal. The company did not disclose the names of the clients or the execution timelines for these projects.
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This is the company's second major order in June, following a Rs 893 crore contract awarded last week for the construction of a berth and breakwater for a greenfield captive jetty project in Odisha.
ITD Cementation is one of India's oldest engineering and construction firms, with over 90 years of experience across sectors such as maritime structures, mass transit systems, airports, hydroelectric power, tunnels, highways, and water infrastructure.
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ITD Cementation Q4 earnings
For the March 2025 quarter, the company reported a 26.9% year-on-year rise in net profit to Rs 113.55 crore, up from Rs 89.51 crore in the same period last year. Revenue from operations grew 9.8% to Rs 2,479.72 crore, compared with Rs 2,257.72 crore in Q4FY24.
ITD Cementation share price target
According to Trendlyne, the average target price for ITD Cementation stands at Rs 679, indicating a potential downside of nearly 16% from current levels. Of the three analysts tracking the stock, the consensus rating is 'Buy'.
The stock closed 1.3% higher at Rs 810.70 on the BSE on Thursday. It has gained 47% over the past three months and over 70% in the past year.
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