{"id":175218,"date":"2026-01-22T12:41:29","date_gmt":"2026-01-22T17:41:29","guid":{"rendered":"https:\/\/alphastreet.com\/india\/itd-cementation-india-limited-itdcem-q4-2025-earnings-call-transcript\/"},"modified":"2026-01-22T12:41:29","modified_gmt":"2026-01-22T17:41:29","slug":"itd-cementation-india-limited-itdcem-q4-2025-earnings-call-transcript","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/itd-cementation-india-limited-itdcem-q4-2025-earnings-call-transcript\/","title":{"rendered":"ITD Cementation India Limited (ITDCEM) Q4 2025 Earnings Call Transcript"},"content":{"rendered":"

ITD Cementation India Limited (NSE: ITDCEM) Q4 2025 Earnings Call dated May. 14, 2025<\/span><\/strong><\/p>\n

Corporate Participants:<\/h2>\n

Unidentified Speaker<\/strong><\/p>\n

Piyachai Karnasuta<\/strong><\/p>\n

Prasad Patwardhan<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Jayanta Basu<\/strong> \u2014 Managing Director<\/em><\/p>\n

Analysts:<\/h2>\n

Unidentified Participant<\/strong><\/p>\n

Mohit Kumar<\/strong> \u2014 Analyst<\/em><\/p>\n

Jainam Jain<\/strong> \u2014 Analyst<\/em><\/p>\n

Vaibhav Shah<\/strong> \u2014 Analyst<\/em><\/p>\n

Ankit Puri<\/strong> \u2014 Analyst<\/em><\/p>\n

Parikshit Kandpal<\/strong> \u2014 Analyst<\/em><\/p>\n

Presentation:<\/h2>\n

operator<\/strong><\/p>\n

. Ladies and gentlemen, good day and welcome to ITD Cementation India Limited Q4 and FY25 earnings conference call hosted by ICICI Securities Limited. As a reminder, all participant lines will be in the lesson only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing the star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Mohit Kumar from ICICI Securities. Thank you. And over to you, sir.<\/p>\n

Mohit Kumar<\/strong> \u2014 Analyst<\/em><\/p>\n

Yeah. Thank you, Steve. Good afternoon. On behalf of ICICI Securities I welcome you all to the chief for FY25 annex call of ITD Cementation India Limited. Today we have with us from the management Mr. Jayanta Basu. The managing director, Mr. Prasad Bhatvardhan, the CFO Mr. Rahul Aghawal, leading organizations. We will begin with the opening remarks from the management followed by the Q and A. Thank you. And over to you sir.<\/p>\n

Prasad Patwardhan<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Good afternoon everyone and thank you for joining us on this Q4 FY25 earnings congol. Before we go further, I would like to caution everyone that there may be some forward looking statements made during the course of this call which will be subject to various risks and uncertainties. And the actual results may vary particularly from those in such statements. We have declared our results for the quarter and year ended March 25 yesterday. And I ensure all of you have gone through the results. I’ll present a brief synopsis of the results and then hand over to Mr.<\/p>\n

Basu for his initial comments. And then we’ll take your points. For the quarter ending March 25th. We have reported the total income of 2,480 crores which is a 10% growth on a year on year basis EBITDA of 268 crores. EBITDA margin has come in at 10.8% for the quarter and profit after tax is 111 crores in the quarter. For the whole year ending March 25th we have reported a top line of 9,097 crores which represents a growth of 18% on a year on year basis eBITDA of 923 crores. EBITDA margins have come in for the whole year at 10.1%.<\/p>\n

And profit after tax has grown by about 30% from 274 crores last year to 373 crores. Our balance sheet continues to be significantly deleveraged with net debt to equity ratio of only 0.31 times during the year we have secured new orders worth about 7100 crores. In our order book as of March 25th is about 18,300 crores. We are L1 on order for about 600 crores. And just yesterday we have secured another order from Jaipur airport worth about 600 crores. That is all from my side. I will hand over to Mr. Basu for his minutes and comments now.<\/p>\n

Jayanta Basu<\/strong> \u2014 Managing Director<\/em><\/p>\n

Yeah. Thank you Prasad and I welcome all of you for this Q4 Concord 202425 and numbers are in front of you. So I don’t have to repeat those things. A few points I like to highlight that what is our strategy going forward and what we have achieved during last three to five years time. If you see that there has been phenomenal growth in both top and bottom line during last 5 years almost revenue has increased from 6 to 7 times. From 2021 to 2025 profit margin has increased. EBITDA. Yes, we have a double digit EBITDA today.<\/p>\n

Last year also we had double digit ebitda. We generally did not have any problem of cash. I mean with the growth we could manage the finance also adequately. Cash and bank guarantee and three facilities. And this was possible due to good planning and robust execution. And supported by the corporate team for various supporting segments like plant and commercial and others. Now we have achieved around 9,100 crore. And even I see the future is and the growth path will continue to increase rates around 20 to 25% year on year basis. Because there are huge opportunity available in front of us Today I was just going through the job Sujuran pipeline.<\/p>\n

Some we have already tendered, some we are going to be tendered coming few months time close to 90,000 crore job. We’ll be able to handle through tenders now. And there are largely for marine and underground Metros and airports and underground railway, tunnel, road tunnels, some bridge and some buildings and industrial structures. So with that I don’t have to say much because numbers are in front of you. The project wise. I’ll touch little bit on the project. What we have done recently. I’m happy to say that Mumbai Metro Line 3 where we had a major contribution of 60% of JV.<\/p>\n

We have contributed 60% managed by Tata. That livestream has been regulated very recently by Prime Minister Narendra Modi on 6th October as a demon cable achievement. We have three underground stations. That is Siddhi Vinayagar, the other at Sital Delhi and having around 11 km of tunnel. Probably the first underground full fledged metro completed in Mumbai by us. Similarly you must be knowing that Brinjam port, one of the most difficult area to work in Marine segment has been completed phase one. And Mr. Noam Modi has inaugurated that entire breakwater. And JT work has been done by our company.<\/p>\n

So these are the two remarkable jobs we have recently completed which is in the newspaper. Otherwise also some important job. Like Bangladesh. We had some problem because of the political issues. But today I must say that it is going very well. We have done around 30% progress and work is going very smoothly. A difficult kind of job normally not done in normal marine business. For those who understand, they will know that a pile 300 ton pile 400 ton hammers the big game. But we are able to do successfully similar to the hedge we are doing for energy.<\/p>\n

Metronet is going very smoothly. A few jobs which was going on before like Chennai Metro is done around 50%. Bangalore Metro almost completed. Seabart and the buildings those are all under control. But things are okay. But at the same time we have to enhance our capability in terms of labor resources which is a challenge always. Otherwise I think that the momentum what we have taken will sustain will grow in both top and bottom line. That is all from my side now. So we’ll be happy to answer any questions going forward. Thank you.<\/p>\n

Questions and Answers:<\/h2>\n

operator<\/strong><\/p>\n

Thank you very much. We will now begin the question and answer session. Anyone who wishes to ask a question may press star and one on your touchstone telephone if you wish to withdraw yourself from the question queue, you may press star and 2. Participants are requested to use handset while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles. The first question is from the line of Jainam Jain from ICICI Securities. Please go ahead.<\/p>\n

Jainam Jain<\/strong><\/p>\n

Good afternoon management and congratulations on great set of numbers. So my first question is how are we seeing things going in Bangladesh in terms of the execution and what sort of number do we expect from there? In CO.<\/p>\n

Jayanta Basu<\/strong><\/p>\n

Bangladesh I think around two to three months. We couldn’t do anything because of political issues. But once they resume the work in the month of November thereafter it is going quite okay. We have no problem whatever. The supply chain resumed. So we are supplying the pipe from India installation side. Also our barges and crates are working. Our people are all safe. So as a whole that Bangladesh the crisis is not there. We’ll be doing bulk of the work this year. Our 1500 crore. Out of that we might have done around 400 crores so far. And evening part almost 80% we completed this year.<\/p>\n

It’s going okay. I mean don’t have any issues.<\/p>\n

Jainam Jain<\/strong><\/p>\n

Sir, what’s the mobilization advance as of March 25th?<\/p>\n

Prasad Patwardhan<\/strong><\/p>\n

Outstanding mobilization advances as of March are about 950.<\/p>\n

Jainam Jain<\/strong><\/p>\n

Okay sir. And so what’s the which which we are seeing right now in within all the segments.<\/p>\n

Prasad Patwardhan<\/strong><\/p>\n

Sorry, can you repeat the question?<\/p>\n

Jainam Jain<\/strong><\/p>\n

What sort of order pipeline we are seeing in this year?<\/p>\n

Jayanta Basu<\/strong><\/p>\n

Yeah, as I said that around there’s a visibility of around 90,000 crores of project in pipeline. Some of them are in tender state, some of them will come for tender. So that is number whole year I think you have to deal with. All right, so that answers my question. Thank you. And all the rest.<\/p>\n

Jainam Jain<\/strong><\/p>\n

Thank you.<\/p>\n

operator<\/strong><\/p>\n

The next question is from the line of Shah from GM financial. Please go ahead.<\/p>\n

Vaibhav Shah<\/strong><\/p>\n

Thanks for the opportunity. So you mentioned that we have done close to four nick of work in the Bangladesh project. So how have been the payments so far?<\/p>\n

Jayanta Basu<\/strong><\/p>\n

Yeah, we have received payment as well because we have received advance and payment around last bill. How much pr?<\/p>\n

Prasad Patwardhan<\/strong><\/p>\n

No, we have been getting. Whatever payment is due to us has already been received. So there is no problem on the payments part. The payments are coming.<\/p>\n

Vaibhav Shah<\/strong><\/p>\n

Okay then what was the mobilization advance in the project?<\/p>\n

Prasad Patwardhan<\/strong><\/p>\n

We were eligible to get about 10% advance on the project and we have got it.<\/p>\n

Vaibhav Shah<\/strong><\/p>\n

Okay. Is it the interest bearing?<\/p>\n

Prasad Patwardhan<\/strong><\/p>\n

It is not interest bearing. It is interesting.<\/p>\n

Vaibhav Shah<\/strong><\/p>\n

And sir, out of this number of 950 crores mob advance as of March 25th what proportion would be interest bearing. Ballpark<\/p>\n

Jayanta Basu<\/strong><\/p>\n

about 75% is interesting.<\/p>\n

Vaibhav Shah<\/strong><\/p>\n

Okay. Okay. So secondly on the guidance front, what top line and margins are we targeting for FY26 and order inflows?<\/p>\n

Jayanta Basu<\/strong><\/p>\n

Well, I think this year we have grown around 18 to 20%. But coming here we are expecting little bit more because of other factors. We expect that top line will grow by 25% and in the same manner bottom line as well.<\/p>\n

Vaibhav Shah<\/strong><\/p>\n

In the margins.<\/p>\n

Jayanta Basu<\/strong><\/p>\n

Yeah, I mean EBITDA we have seen.<\/p>\n

Prasad Patwardhan<\/strong><\/p>\n

A gradual improvement in our EBITDA margins. And we hope to continue with that trend in the next year as well.<\/p>\n

Vaibhav Shah<\/strong><\/p>\n

Can we expect closer to double digit for the Entire year? For FY26?<\/p>\n

Prasad Patwardhan<\/strong><\/p>\n

We are already at double digits now. So as I said we hope to improve on the margins but it will be difficult to quantify the numbers.<\/p>\n

Vaibhav Shah<\/strong><\/p>\n

Okay. Then lastly on the order inflow side, what are we targeting for FY26?<\/p>\n

Jayanta Basu<\/strong><\/p>\n

FY26. See our target is based on the visibility and there is some. We have applied our factor also. So we should able to get around 15 to 16,000 crores of new work in this Year. Okay.<\/p>\n

Vaibhav Shah<\/strong><\/p>\n

Okay. Okay. And for this beta pipeline of 90,000 crores it includes Adani projects as well. And non Adani projects as well. Right?<\/p>\n

Jayanta Basu<\/strong><\/p>\n

Yeah. Yeah. Both. Both.<\/p>\n

Vaibhav Shah<\/strong><\/p>\n

Yeah. Yeah. Okay. Okay. Thank you sir. Those are my questions.<\/p>\n

operator<\/strong><\/p>\n

Thank you. The next question is on the line of Abino from ICICI securities. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Hi sir. Thanks for the opportunity. Last year the tendering was subdued. So given the guidance that you’re giving this year. Strong guidance. What is the thesis behind it? From where, which sectors are we seeing the opportunities.<\/p>\n

Jayanta Basu<\/strong><\/p>\n

Last year We have missed few, few big jobs because of certain issues. And that I don’t want to discuss here. Otherwise we would have achieved the target what we have set last year. This year we have got new segments or not new segments. Existing segments in a bigger way coming from Adani Group. Airports and the roads and data center. And otherwise our view on Adani, whatever we do like metros and handle projects ESP and of course Marine. These are the segments we work and opportunities are there in all the segments.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Understood. And sir, can you quantify the opportunity size for the Wadwan port that we are expecting and overall for Marine EPC as well?<\/p>\n

Jayanta Basu<\/strong><\/p>\n

Wadhwan, we are already there. In the first package the value will be around 1800 crores. Immediately there will be two tender. One from Beijing, one is breakwater. So put together will be around 15,000 crore.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. And so are we seeing any opportunities in Middle east and are we keen on looking for those opportunities?<\/p>\n

Jayanta Basu<\/strong><\/p>\n

Yeah, we are quite keen. I mean we have our branch office open in Abu Dhabi. We are talking to the one of the customer for a job which we may get very soon. And there are other opportunities as well. So we are keen. Yes, but that of these very specific segments where issues we think that we will be able to do in this market.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

So you mentioned about airports as well. Can you quantify the size the tenders that we can expect from airports in FR26?<\/p>\n

Jayanta Basu<\/strong><\/p>\n

I think whether that will be converted to the order I don’t know. But as far as tender is concerned it will be around 15 to 20,000 crores. Say 15,000 crores.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Thanks a lot, sir. All the best. Thank you.<\/p>\n

operator<\/strong><\/p>\n

Thank you. Ladies and gentlemen. If you wish to ask a question, you may press star and 1. The next question is from the line of Ankit Puri, an individual investor. Please go ahead.<\/p>\n

Ankit Puri<\/strong><\/p>\n

Hi, good afternoon. Thanks for taking my questions and for the good set of results. If you see the last two years of the order book guidance it’s been reducing the current order book also appears to be almost 25% lower than what was previously guided. My first question is, could you please clarify the reasons for this shortfall?<\/p>\n

Jayanta Basu<\/strong><\/p>\n

Well, I think you know it is very difficult to satisfy all the parameters. Sometimes we’ll find EBITDA is less than 10%. Sometimes we’ll say the cash flow is not adequate. So this time order book is less. So this is how the business goes. And as I just mentioned to other guests that last year we have lost some order which was very definitive for us. Otherwise it would have been more. This year there is a visibility of job from our group company. So that is quite definite. That is there otherwise as well there are jobs in marine and metros.<\/p>\n

So yeah, that is the basis. I mean we have definitely a basis to. When I say 90,000 crore jobs are.<\/p>\n

Ankit Puri<\/strong><\/p>\n

Available obtained, what is the approximate guidance are you giving for FY26 approximately? Could you say that again please?<\/p>\n

Jayanta Basu<\/strong><\/p>\n

1 5, 15,000.<\/p>\n

Ankit Puri<\/strong><\/p>\n

All right, sir. And lastly, has any new vision guidance been given with the new promoter coming in? Do you plan to continue focus more on domestic projects or keep an eye out for international projects too?<\/p>\n

Jayanta Basu<\/strong><\/p>\n

There is no shift of any strategy or vision. We are continuing to do or continue to do whatever we are doing. The only addition is that there will be lot many jobs from the group companies and probably we have to step out from the conventional business. Whatever we do, we have to step into few other segments which our group promoter will be interested by us.<\/p>\n

Ankit Puri<\/strong><\/p>\n

All right, sir, thanks. All the best to you team.<\/p>\n

Jayanta Basu<\/strong><\/p>\n

Thank you.<\/p>\n

operator<\/strong><\/p>\n

The next question is on the line of Shreyan Smitha from Aquarius. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah, thanks for the opportunity, sir. Congratulations on a great operating performance. The first question is on the orders which we are targeting from. So if you could quantify any large projects, you know, where we are in advanced stages A and second is, you know, in terms of margins or how would the bidding happen especially from the Adani projects, you know, would this be fixed margin projects, this would be open tendering or you know, we would be giving preference in certain projects.<\/p>\n

Jayanta Basu<\/strong><\/p>\n

So there is no special preference. And whether we are also doing any favor, it will be very transparently done the way other tender has been done or the way it has been done so far because we are a listed entity and we have our interest to protect. Having said that, yes, there are some intangible sort of advantage for both the party because we may know the tender in much in advance so that we can plan better. So certain things, maybe they can involve us during tender bidding stage also to prepare some technical support if they Require.<\/p>\n

So those are the kind of. I mean advantage they will have or will have. Now he says that what are the big. There are few PSP jobs like palm storage, idle power generation. So few jobs with Adami which we believe that mature very soon. Some airport jobs. We have received the LOI yesterday also for Jaipur airport. So those are the mixture jobs in pipeline from Adani.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

And sir, any understanding on the margin from this project?<\/p>\n

Jayanta Basu<\/strong><\/p>\n

Well, it will be normal. I mean as a civil construction, the margin, whatever the marine, you know, how much you do or airport and all it will be that nothing exceptionally high or low. It will be general margin what we get in market.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Lastly on the CAPEX number for this.<\/p>\n

Jayanta Basu<\/strong><\/p>\n

Year Capex would be around 250. 250 crores.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

And one more if I can squeeze in in terms of, you know, I mean now the road as a sector is what you know we were avoiding. But now we are making statement that we are also targeting the road. So would it be primarily, you know the projects which the parent is looking for or individually also we are looking out for some projects.<\/p>\n

Jayanta Basu<\/strong><\/p>\n

See there are now road means the special kind of road which has got. Just give example of coastal road. So those kind of business will be coming more and more which will involve tunnels, which is involved bridges. And most of them or part of them will be bot. So we’ll be interested for those kind of business. Not the normal MHI tender participating with 25B. No.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, just one clarification. You mentioned bot. So would we be taking BOT projects on our books is what you’re trying to.<\/p>\n

Jayanta Basu<\/strong><\/p>\n

Right now we don’t have such idea. But going forward it depends upon how things evolve with the new promoters. Whatever is their preference, we need to see that.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Sure. Thank you.<\/p>\n

operator<\/strong><\/p>\n

Thank you. Ladies and gentlemen, if you wish to ask a question, you may press star and 1. The next question is from the line of Parikshit Khandal from HDFC Securities. Please go ahead.<\/p>\n

Parikshit Kandpal<\/strong><\/p>\n

Yes sir. My congratulations on a decent quantum. So the first question is on FY25 order inflows. So how much was the group orders from the parent company?<\/p>\n

Jayanta Basu<\/strong><\/p>\n

It was not much. If it is around 7,500 crores group order will be 1, 2. I don’t have the exact number right now. But it will be around 1000 crore. 1200 crore in that range.<\/p>\n

Parikshit Kandpal<\/strong><\/p>\n

Okay. 15,000 crores worth of guidance of order inflow. So how much do you think will your rough sense on how much can come from the current entity from the 15,000 crores<\/p>\n

Jayanta Basu<\/strong><\/p>\n

around 30%. 30 to 40%.<\/p>\n

Parikshit Kandpal<\/strong><\/p>\n

And so we are having existing segments where we are present. Do you think anything to broaden our scope further in terms of qualification or segments? Given the talent is big betting big on infrastructure. Do you think some more segments can get added in this current bouquet of offense which we have across segments. Do you think any new segments can get added like solar or transmission? Any color on that?<\/p>\n

Jayanta Basu<\/strong><\/p>\n

Yeah, basically it will still remain construction. But the kind of construction will little different. Like for the data centers, you know, data center. If you see that it contains majority of the electromechanical and H Vac part which we do, but not very exclusively. So that will be something which we have to develop ourselves. We are trying our best. We have to enhance our capability in the airport. Because big airports are in the pipeline. We do airport, but that is a medium size. Around 800 crores, 2000 crores or if you go to 3000, 4000 crores. And similarly our presence in the road segment has to be geographically spreaded all over India.<\/p>\n

Not located only in up or Maharashtra. So these are the kind of changes or you know, improvement we are taking in Australia.<\/p>\n

Parikshit Kandpal<\/strong><\/p>\n

Sure. Answer any sense on this international airport. So any airport, any phase two. So any initial discussions what could be the size of order or so because Adani is having that airport. So what could be the opportunity for us to claim that?<\/p>\n

Jayanta Basu<\/strong><\/p>\n

I think nothing is official. But whatever. I understand from the friends and colleagues that the phase two or phase three, whatever you say, the next phase, the tender will happen this year at least tender will happen. The size would be. I don’t know, maybe it will be varying from 4000 to 6000 crores in that range altogether.<\/p>\n

Parikshit Kandpal<\/strong><\/p>\n

Now you have any clarity now because the parent has two entities listed entities in both do vpc. So when clarity. So what will be the differentiation between what the other entity will do and what we will do? Because in the entire thing we may end up competing with each other. So how will jobs be split at least on the parent entity?<\/p>\n

Jayanta Basu<\/strong><\/p>\n

No, I think there is no question of fighting with each other. Because there are certain segments where we are very strong and there are segments where we don’t do much like typical building, you know, typical buildings or kind of urban development, elevated metros. So those are the things where in some other company. EPC company as you mentioned, really focusing on that as I know. And the segments like marine and airport and the hydro project and road 5050 still will be done by us.<\/p>\n

Parikshit Kandpal<\/strong><\/p>\n

And this last question, post open offer now what will be the shareholding of the promoter entity now.<\/p>\n

Jayanta Basu<\/strong><\/p>\n

Post open Offer they have acquired about 20.8% in the open offer.<\/p>\n

Parikshit Kandpal<\/strong><\/p>\n

What will be the holding now overall.<\/p>\n

Jayanta Basu<\/strong><\/p>\n

The transaction is still not completed. So once that is done I think it will be in the range of 67%.<\/p>\n

Parikshit Kandpal<\/strong><\/p>\n

Okay. About 65% after the consummation of the transaction. Okay. Okay. Thank you sir. I wish you all the best.<\/p>\n

operator<\/strong><\/p>\n

Thank you. Participants who wish to ask a question to the management may press star and one on your touchstone phone. The next question is from the line of Vaibhav Shah from JM Financial. Please go ahead.<\/p>\n

Vaibhav Shah<\/strong><\/p>\n

Do we have any slow moving orders in the order backlog right now?<\/p>\n

Jayanta Basu<\/strong><\/p>\n

Slow moving order? No, not really. I think there is nothing snow more rotate.<\/p>\n

Vaibhav Shah<\/strong><\/p>\n

Okay sir, in our order backlog in terms of segments bar infra, marine and industrial are the three key segments in terms of value proposal, value share so what will typical book to build for them. So and how much time the orders will be executed should be around two years.<\/p>\n

Jayanta Basu<\/strong><\/p>\n

Yeah I mean marriage typically two years urban infra if it is with a metro, underground metro four years elevated metro nobody knows how much time and we don’t have also and if it is road as you see Ghana especially are completing two and a half years this kind of timeline. So two to three years from will be four years.<\/p>\n

Vaibhav Shah<\/strong><\/p>\n

Okay. Okay. Thank you.<\/p>\n

operator<\/strong><\/p>\n

Thank you. A reminder to all participants that you may press star N1 to ask a question. As there are no further questions from the participants I would now like to hand the conference over to the management for closing comments.<\/p>\n

Prasad Patwardhan<\/strong><\/p>\n

Thank you so much for participating in this Q4 FY25 updates on call. We look forward to interacting with you again next quarter. Thank you once again.<\/p>\n

operator<\/strong><\/p>\n

Thank you on behalf of ITD Cementation India limited that concludes this conference. Thank you for joining us and you may now disconnect your lines. Thank you.<\/p>\n","protected":false},"excerpt":{"rendered":"

ITD Cementation India Limited (NSE: ITDCEM) Q4 2025 Earnings Call dated May. 14, 2025 Corporate Participants: Unidentified Speaker Piyachai Karnasuta Prasad Patwardhan \u2014 Chief Financial Officer Jayanta Basu \u2014 Managing Director Analysts: Unidentified Participant Mohit Kumar \u2014 Analyst Jainam Jain \u2014 Analyst Vaibhav Shah \u2014 Analyst Ankit Puri \u2014 Analyst Parikshit Kandpal \u2014 Analyst Presentation: […]<\/p>\n","protected":false},"author":2377,"featured_media":147581,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6349],"tags":[10169,9175,9104,9092,14492,13842,10089],"class_list":["post-175218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transcripts","tag-earnings","tag-earnings-call","tag-earnings-conference","tag-earnings-transcripts","tag-financial-results","tag-motherson","tag-quarterly-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":151510,"url":"https:\/\/alphastreet.com\/india\/itd-cementation-india-ltd-q1fy24-73-rise-in-profits\/","url_meta":{"origin":175218,"position":0},"title":"ITD Cementation India Ltd Q1FY24; 73% rise in Profits","author":"Hardik Bhandare","date":"August 7, 2023","format":false,"excerpt":"ITD Cementation India Limited is engaged in the business of providing design, engineering, procurement and construction (EPC) services for infrastructure projects in India. Financial Results: ITD Cementation India Ltd reported Revenues for Q1FY24 of \u20b91,833.00 Crores up from \u20b91,098.00 Crore year on year, a rise of 66.94%. 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