ITD Cementation India Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017
February 22, 2018 at 10:59 am
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ITD Cementation India Limited announced unaudited standalone and consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the fourth quarter, on standalone basis, the company's total income was INR 4,820.04 million against INR 6,897.78 million for the same period last year. Profit before exceptional items and tax was INR 4,266.63 million against INR 6,662.22 million for the same period last year. Profit before tax was INR 335.02 million against INR 235.56 million for the same period last year. Profit for the year was INR 178.02 million against INR 118.83 million for the same period last year. Earnings per share, basic and diluted, were INR 1.15 against INR 0.77 for the same period last year.
For the year, on standalone basis, the company's total income was INR 19,071.57 million against INR 29,439.7 million for the same period last year. Profit before exceptional items and tax was INR 1,461.95 million against INR 989.69 million for the same period last year. Profit before tax was INR 1,243.56 million against INR 989.69 million for the same period last year. Profit for the year was INR 728.16 million against INR 508.46 million for the same period last year. Earnings per share, basic and diluted, were INR 4.69 against INR 3.28 for the same period last year.
For the fourth quarter, on consolidated basis, the company's total income was INR 5,899.69 million against INR 6,951.90 million for the same period last year. Profit before exceptional items and tax was INR 562.04 million against INR 236.23 million for the same period last year. Profit before tax was INR 343.64 million against INR 236.23 million for the same period last year. Profit for the year was INR 176.57 million against INR 119.71 million for the same period last year. Earnings per share, basic and diluted, were INR 1.15 against INR 0.77 for the same period last year.
For the year, on consolidated basis, the company's total income was INR 20,957.70 million against INR 29,649.61 million for the same period last year. Profit before exceptional items and tax was INR 1,475.81 million against INR 990.83 million for the same period last year. Profit before tax was INR 1,257.41 million against INR 990.83 million for the same period last year. Profit for the year was INR 729.26 million against INR 512.19 million for the same period last year. Earnings per share, basic and diluted, were INR 4.69 against INR 3.28 for the same period last year.
ITD Cementation India Limited is an India-based engineering and construction company. The Company is involved in the heavy civil, infrastructure, and engineering, procurement and construction (EPC) business and operates in India. The Company is engaged in urban infrastructure, Mass Rapid Transport Systems (MRTS) and airports; highways, bridges and flyovers; maritime structures; industrial structures and buildings; water and wastewater; foundation and specialist engineering, and hydro, dams, tunnels and irrigation. It is focused on construction of flyovers, underpasses and river bridges using specialized foundation techniques. The Company offers a modern and comprehensive range of construction techniques for the construction of piles and diaphragm walls, ground improvement, drilling grouting works, rock anchors, slope stabilization and rehabilitation work. The Companyâs subsidiaries include ITD Cementation Projects India Limited, ITD Cemindia JV and ITD Cem-Maytas Consortium.