BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
ITD Cementation India Ltd. reported a mixed set of numbers, with a strong 19% YoY revenue growth at Rs 11.7 billion led by robust execution.
Ebitda margins remained under pressure owing to elevated commodity prices and provisioning of Rs 300 million for Bangalore metro project.
Order inflow came it at all time high of Rs 78 billion while the order book as on Q4 FY22 stands at 115 billion providing revenue visibility for next three‐four years.
With strong order book position, healthy bid pipeline (Rs 150 billion) and improved liquidity position, ITD Cementation's management guided for 20‐25% revenue growth in FY23E.
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