ITD Cementation India Reports Strong Financial Results for Q1 FY25, Receives 'Strong Buy' Stock Call from MarketsMOJO.

ITD Cementation India, a midcap company in the capital goods industry, has recently declared its financial results for the quarter ending June 2024. The company has received a ‘Strong Buy’ stock call from MarketsMOJO, indicating a positive outlook for investors.

The quarter has seen an outstanding financial performance, with a score of 32 compared to 33 in the previous quarter. This is a result of various factors that are working in favor of ITD Cem, as seen in the Jun 2024 financials.

One of the key highlights is the company’s ability to manage interest payments, with the Operating Profit to Interest ratio being the highest in the last five quarters at 4.19 times. This shows an improvement in the company’s financial management.

The Profit Before Tax less Other Income (PBT) has also shown a significant growth of 42.3% over the average PBT of the previous four quarters. This trend is expected to continue in the near term, indicating a positive outlook for the company.

The Profit After Tax (PAT) has also seen a steady growth in the last five quarters, with the current quarter’s PAT being the highest at Rs 100.19 crore. This is a 46.4% increase over the average PAT of the previous four quarters, showing a positive trend in the company’s profitability.

The Net Sales for the quarter have also been the highest in the last five quarters, with a growth of 23.4% over the average Net Sales of the previous four quarters. This indicates a positive trend in the company’s sales performance.

The Operating Profit (PBDIT) and Profit Before Tax less Other Income (PBT) have also been the highest in the last five quarters, showing a positive trend in the company’s financial performance.

The company has also created higher earnings for its shareholders, with the Earnings per Share (EPS) being the highest at Rs 5.83 in the last five quarters.

In terms of liquidity, ITD Cem has shown improvement with the Cash and Cash Equivalents being the highest in the last six half yearly periods at Rs 895.72 crore.

Overall, the financial results for the quarter ending June 2024 have been positive for ITD Cementation India, indicating a strong performance and a promising outlook for the company.