ITD Cementation India Reports Strong Financial Growth and Improved Efficiency in December 2024 Results

ITD Cementation India, a midcap player in the capital goods sector, has recently reported its financial results for the quarter ending December 2024. The company has demonstrated a positive trajectory in its financial performance, particularly in key metrics.
The Profit After Tax (PAT) for the half-yearly period stands at Rs 159.06 crore, reflecting a year-on-year growth of 20.49%. This indicates a favorable trend in profitability. Additionally, net sales for the nine-month period reached Rs 6,617.22 crore, marking a year-on-year increase of 21.19%, suggesting robust sales activity during this timeframe.

Moreover, ITD Cementation India has achieved a notable milestone in its Debtors Turnover Ratio, which is recorded at 6.98 times for the half-yearly period. This figure represents the highest turnover rate in the last five half-yearly periods, indicating the company's efficiency in managing its receivables.

Despite the positive developments, the overall evaluation has undergone an adjustment, with the score reflecting a change from 16 to 11 over the past three months.

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