Engineering and construction firm ITD Cementation India Ltd on Thursday (November 7) reported a 34.3% year-on-year (YoY) surge in net profit at ₹72 crore for the second quarter that ended September 30, 2024.

In the corresponding quarter of the previous fiscal, the company posted a net profit of ₹53.6 crore. Revenue from operations increased 23.6% to ₹1,991 crore against ₹1,610.4 crore in the year-ago period.

At the operating level, EBITDA increased 15% to ₹181.7 crore in the second quarter of this fiscal over ₹158 crore in Q2 of FY24.

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The EBITDA margin stood at 9.1% in the reporting quarter compared to 9.8% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

For the first half of FY25, ITD Cementation reported a 27% YoY growth in total operating income, which reached ₹4,372 crore. The company’s EBITDA also saw a 27% YoY increase, totalling ₹442 crore, with an EBITDA margin of 10.1%. Net profit after tax (PAT) surged 63% year-on-year, reaching ₹172 crore.

As of September 30, the company’s consolidated order book stood at ₹17,986 crore. Additionally, ITD Cementation has secured new orders worth approximately ₹3,850 crore in FY25 to date. The company remains conservatively financed, with a net debt-to-equity ratio of 0.42x.

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The results came after the close of the market hours. Shares of ITD Cementation India Ltd ended at ₹544.45, down by ₹19.30, or 3.42%, on the BSE.