ITD Cementation shares jump 12% after ₹593 crore order win
Published on 14/05/2025 10:04 AM
ITD Cementation shares jump 12% after ₹593 crore order winITD Cementations Share Pride | The order is for various infrastructure works at Jaipur International Airport in Rajasthan.By Shloka Badkar May 14, 2025, 10:04:50 AM IST (Published)1 Min ReadShares of ITD Cementation India Ltd gained 12% on Wednesday, May 14, after the company said it won order worth ₹593 crore in Rajasthan.
The order is for various infrastructure works at Jaipur International Airport in Rajasthan.
ITD cementation reported a healthy performance in the March quarter, with its net profit increased 27% to ₹113.6 crore.
Its revenue increased nearly 10% to ₹2,478.7 crore, while its operating profit for the quarter was up 19% at ₹259.6 crore. The company's margin expanded to 10.5% from 9.8% in the year-ago period.
The company's board of directors also recommended a dividend of 2 per equity share for FY25, subject to shareholder approval at the upcoming annual general meeting.
Shares of ITD Cementation gained 12% to hit an intraday high of ₹633 apiece. The stock has gained 21% in the last six months.
Also Read: Stocks To Buy: Tata Group stock gets an upgrade from Nuvama who sees an 18% upsideContinue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsITD Cementationshare market today