Cemindia Projects Ltd., an Adani Group company, saw its shares surge by 20 percent on Thursday, hitting the upper circuit despite a general downturn in the broader market. This significant jump pushed the stock to Rs 814.55, up from its previous close of Rs 678, bringing its total market capitalization to over Rs 14,000 crore.
Strong Fundamentals Drive Investor Confidence
The impressive performance of Cemindia Projects stock is attributed to several strong financial indicators and business prospects. The company announced a record high order book of Rs 24,545 crore, signaling robust business visibility and sustained growth momentum in the coming period.
Exceptional Quarterly and Annual Results
The firm, formerly known as ITD Cementation India Ltd. before its renaming in September 2025, posted stellar results for the March 2026 quarter. Consolidated net profit for the quarter soared by 113.63 percent year-on-year (YoY) to Rs 242.17 crore. Revenue from operations also saw a healthy increase of 17.42 percent YoY, reaching Rs 2973.49 crore.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the quarter rose by 66.3 percent YoY to Rs 450 crore, with EBITDA margins expanding by 440 basis points to 15.1 percent.
For the full financial year ending March 31, 2026, Cemindia Projects reported a consolidated net profit climb of 60.34 percent YoY, reaching Rs 597.73 crore. Full-year revenue from operations increased by 8.81 percent YoY to Rs 10,060.58 crore.
Company Profile and Operations
Cemindia Projects is a prominent engineering and construction company operating in India, specializing in heavy civil, infrastructure, and EPC (Engineering, Procurement, and Construction) businesses. Its diverse expertise spans across maritime structures, mass rapid transit systems, airports, hydroelectric power projects, tunnels, dams, irrigation, highways, bridges, flyovers, industrial structures, buildings, foundation engineering, and data centers.
The stock has shown significant upward momentum throughout April 2026, zooming more than 60 percent, reflecting growing investor confidence in the company's operational strength and future growth trajectory.