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Cemindia Projects Q3 FY26 Standalone Net Profit Rises 26% YoY to ₹109.86 Crore
Cemindia Projects (formerly ITD Cementation) reported a strong bottom-line performance for Q3 FY26, with standalone net profit growing 26.2% YoY to ₹109.86 crore. While revenue from operations saw modest growth to ₹2,304.15 crore from ₹2,270.44 crore YoY, the company significantly improved its profitability margins. Notably, the results include a one-time provision of ₹16.18 crore related to the notification of new Labour Codes. For the nine-month period ended December 2025, the company's net profit stands at ₹354.54 crore, up from ₹259.25 crore in the previous year.
Key Highlights
Standalone Net Profit increased by 26.2% YoY to ₹109.86 crore in Q3 FY26.
Revenue from operations grew slightly to ₹2,304.15 crore compared to ₹2,270.44 crore in Q3 FY25.
Earnings Per Share (EPS) rose to ₹6.39 from ₹5.07 in the corresponding quarter last year.
Recognized a ₹16.18 crore impact in employee benefit expenses due to the notification of new Labour Codes.
Nine-month (9M FY26) net profit surged to ₹354.54 crore from ₹259.25 crore YoY.
💼 Action for Investors
Investors should take note of the robust profit growth and margin expansion despite relatively flat revenue. The company's ability to absorb the one-time labour code provision while growing the bottom line suggests strong operational efficiency.
Cemindia Q3 FY26: PAT up 27% to ₹111 Cr; Order Book stands at ₹21,879 Cr
Cemindia Projects reported a strong Q3 FY26 with PAT growing 27% YoY to ₹111 crore, driven by margin expansion and disciplined cost management. The company's order book stands robust at ₹21,879 crore, providing revenue visibility for approximately two years. During the quarter, the company secured new contracts worth ₹3,535 crore, including a major ₹1,393 crore Pune underground metro project. Financial health remains strong with a Net Debt to EBITDA ratio of 0.55x and a recent credit rating upgrade to A+.
Key Highlights
Q3 FY26 PAT increased by 27% YoY to ₹111 Cr, with EBITDA margins improving to 10.6% from 9.6%.
Total order book reached ₹21,879 Cr as of Dec 31, 2025, with ₹3,535 Cr in new orders secured in Q3.
9M FY26 PAT grew by 37% YoY to ₹356 Cr, supported by a 6% growth in revenue to ₹7,087 Cr.
Balance sheet remains lean with Net Debt of ₹563 Cr and a healthy Net Debt/EBITDA ratio of 0.55x.
Credit ratings upgraded to A+ (Stable) by CARE and ICRA in February 2026 reflecting improved scale and ownership.
💼 Action for Investors
Investors should take note of the consistent margin improvement and the strong order book which provides high revenue visibility. The company's diversification into Data Centers and its improved credit profile make it a strong contender in the infrastructure space.
Cemindia Projects Q3 FY26 Net Profit Rises 26% YoY to ₹109.86 Crore
Cemindia Projects Limited (formerly ITD Cementation) reported a strong 26% year-on-year growth in standalone net profit for Q3 FY26, reaching ₹109.86 crore. Revenue from operations remained steady at ₹2,304.15 crore, showing marginal growth compared to the previous year. For the nine-month period ended December 2025, the company's net profit surged to ₹354.54 crore from ₹259.25 crore in the prior year. The results include a one-time impact of ₹16.18 crore due to provisions for new labour codes notified by the Government of India.
Key Highlights
Standalone Net Profit increased 26.2% YoY to ₹109.86 crore in Q3 FY26.
Revenue from operations grew to ₹2,304.15 crore from ₹2,270.44 crore in the year-ago quarter.
9M FY26 Net Profit reached ₹354.54 crore, a significant jump from ₹259.25 crore in 9M FY25.
Recognized a provision of ₹16.18 crore in employee benefits expense due to the notification of new Labour Codes.
Earnings Per Share (EPS) for the quarter improved to ₹6.39 from ₹5.07 YoY.
💼 Action for Investors
Investors should take note of the robust bottom-line growth and the company's ability to maintain margins despite one-time regulatory provisions. The steady revenue execution suggests a healthy order book and operational stability in the infrastructure sector.
Cemindia Projects Q3 Net Profit Rises 26% YoY to ₹109.86 Crore; Revenue at ₹2,304 Crore
Cemindia Projects (formerly ITD Cementation) reported a strong bottom-line performance for Q3 FY26, with standalone net profit growing 26.2% YoY to ₹109.86 crore. Revenue from operations remained stable with a marginal increase to ₹2,304.15 crore. Profitability improved significantly as Profit Before Tax rose 33% YoY to ₹150.74 crore, despite a one-time provision of ₹16.18 crore for new labour code obligations. For the nine-month period ended December 2025, the company's net profit surged 36.7% to ₹354.54 crore.
Key Highlights
Standalone Net Profit increased 26.2% YoY to ₹109.86 crore in Q3 FY26.
Revenue from operations stood at ₹2,304.15 crore compared to ₹2,270.44 crore in Q3 FY25.
Profit Before Tax (PBT) grew by 33% YoY to ₹150.74 crore.
Recognized a ₹16.18 crore impact in employee expenses due to the new Government of India Labour Codes.
Nine-month FY26 Net Profit reached ₹354.54 crore, up from ₹259.25 crore in the previous year.
💼 Action for Investors
Investors should take note of the strong margin expansion and the company's ability to absorb regulatory cost headwinds while maintaining profit growth. The significant 36% jump in nine-month profits suggests a strong execution trajectory for the full fiscal year.
Cemindia Projects Shareholders Approve PWC as Auditor and Name Change with 99.99% Majority
Cemindia Projects Limited (formerly ITD Cementation India Limited) has announced the results of its postal ballot, where shareholders approved two key resolutions with near-unanimous support. The company received approval to appoint Price Waterhouse Chartered Accountants LLP as Statutory Auditors to fill a casual vacancy. Additionally, shareholders ratified the compliance certificate for the company's name change from ITD Cementation India Limited to Cemindia Projects Limited. Approximately 74.64% of total shares were polled, with over 99.99% of votes cast in favor of both resolutions.
Key Highlights
Appointment of Price Waterhouse Chartered Accountants LLP as Statutory Auditors approved with 99.9995% votes in favor.
Ratification of the company's name change to Cemindia Projects Limited approved by 99.9995% of voting shareholders.
Total of 12,82,30,601 votes were polled for the special resolution, representing a 74.64% turnout of the total share capital.
The auditor appointment fills a casual vacancy following the resignation of M/s T R Chadha & Co. LLP and is valid until the 2026 AGM.
💼 Action for Investors
The transition to a 'Big 4' auditor like Price Waterhouse is a positive signal for corporate governance and financial transparency. Investors should view the successful name change and high shareholder participation as a sign of stability during the company's rebranding phase.