ITD Cementation India rises on fourth-quarter profit growth

Cemindia Projects

26/05/2023 07:23

** Shares of ITD Cementation India Ltd  ITCM.NS  climb as
much as 5.86% to 155.45 rupees
    ** Stock gains after the engineering and construction firm
reported consolidated net profit that more than doubled Y/Y in
March quarter to 377.9 mln rupees ($4.62 mln)  urn:newsml:reuters.com:*:nFWN37M0YP
    ** Revenue up 39% at 16.31 bln rupees
    ** Co also approves final dividend of 0.75 rupees per share,
subject to shareholders' approval
    ** Trading volume is 2.09 mln shares, 1.7x the 30-day avg -
Refinitiv data

     ($1 = 81.7800 Indian rupees)
    
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))