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Ceigall India Results: Latest Quarterly Results & Analysis

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Ceigall India Ltd. 07 May 2026 14:58 PM

Q4FY26 & FY26 Result Announced for Ceigall India Ltd.

Construction & Engineering company Ceigall India announced Q4FY26 & FY26 results

Q4FY26 Consolidated Financial Highlights:

  • Revenue from Operations for Q4FY26 stood at Rs 13,865 million, representing a YoY increase of 37.1% from Rs 10,116 million in Q4FY25 and a QoQ decrease of 5% from Q3FY26.
  • Total Income for the quarter was Rs 13,988 million, reflecting a YoY growth of 35.2% compared to Rs 10,348 million in Q4FY25 and a QoQ decline of 5%.
  • EBITDA reached Rs 2,236 million in Q4FY26, up 74.8% YoY from Rs 1,279 million and down 4% QoQ from Q3FY26.
  • Net Profit (PAT) for Q4FY26 was Rs 1,291 million, a YoY growth of 78.1% from Rs 725 million and a QoQ decrease of 5%.
  • EBITDA Margin improved to 16.13% in Q4FY26 compared to 12.64% in Q4FY25 and 15.66% in Q3FY26.

FY26 Consolidated Financial Highlights:

  • Revenue from Operations for the full year FY26 was Rs 40,224 million, an increase of 17.0% YoY from Rs 34,367 million in FY25.
  • Total Income for FY26 stood at Rs 40,767 million, registering a YoY growth of 18.6% from Rs 34,380 million.
  • EBITDA for FY26 reached Rs 5,854 million, up 15.1% YoY from Rs 5,183 million in FY25.
  • Net Profit (PAT) for the full year was Rs 3,089 million, representing a YoY increase of 8.3% from Rs 2,864 million.
  • Return on Average Equity (ROE) stood at 15.57% for FY26 compared to 7.35% in FY25.

Q4FY26 Standalone Financial Highlights:

  • Revenue from Operations for Q4FY26 was Rs 12,941 million, reflecting a YoY growth of 30.5% from Rs 9,918 million.
  • Total Income for the quarter stood at Rs 13,062 million, up 29.0% YoY from Rs 10,122 million.
  • EBITDA reached Rs 1,827 million, a YoY increase of 67.5% from Rs 1,091 million.
  • Net Profit (PAT) for Q4FY26 was Rs 1,190 million, up 71.2% YoY from Rs 695 million.

FY26 Standalone Financial Highlights:

  • Revenue from Operations for FY26 reached Rs 38,693 million, a YoY increase of 14.3% from Rs 33,848 million.
  • Total Income for the full year was Rs 39,247 million, up 14.2% YoY from Rs 34,380 million.
  • Net Profit (PAT) for FY26 was Rs 3,052 million, reflecting a YoY growth of 13.0% from Rs 2,702 million.

Business Highlights:

  • Order Book and Inflows: The company’s total order book stood at a robust Rs 1,85,543 million as of March 31, 2026, providing multi-year revenue visibility with a book-to-bill ratio of approximately 4.8x. Order inflow during Q4FY26 was Rs 60,142 million.
  • Geographical and Sector Mix: The order book is diversified across 12 states, with major contributions from Bihar (17%), Madhya Pradesh (16%), and Jharkhand (14%). Sector-wise, Roads account for 69% of the order book, followed by Renewables at 19%, and Metro projects at 6% and 2%.
  • Segment Performance:
    • Engineering & Others: This segment generated revenue of Rs 1,44,356 million and an EBITDA of Rs 26,385 million.
    • Solar-EPC and O&M: This segment recorded revenue of Rs 18,323 million and an EBITDA of Rs 1,432 million.
  • Asset Monetization: The company successfully concluded the divestment of the Malout–Abohar asset to Neo Asset Management Private Limited for a total consideration of Rs 1,770 million, resulting in a debt reduction of Rs 2,730 million.
  • Operational Efficiency: Ceigall earned early completion bonuses for three projects: Rs 70.0 million for the Khemkaran – Amritsar Project, Rs 104.8 million for the Ismailabad-Dhand PKG I Project, and Rs 171.0 million for the Malout Abohar project.

Ramneek Sehgal, Chairman & Managing Director, said: “ FY26 marked a strong year of growth, driven by consistent execution across our core EPC business and robust order inflows across highways and urban mobility.

For Q4FY26, consolidated revenue stood at Rs 13,865 million, up 37.0% YoY, with EBITDA of Rs 2,235 million at margins of 16.1%.

For the full year, consolidated revenue reached Rs 40,224 million, up 17.0% YoY, with EBITDA of Rs 5,854 million and margins of 14.6%, supported by disciplined cost management and improving execution efficiency. Our total order book stood at Rs 1,85,543 million as on March 31, 2026, underpinned by strong Q4 inflows across highways in Bihar, Madhya Pradesh, and Arunachal Pradesh. Subsequent to year-end, we secured the Jaipur Metro Phase-II project, earmarking urban infrastructure as a key pillar growth for the company.

A key highlight of the year has been our strategic diversification into renewable energy and power transmission. We have won multiple projects in the Solar, Solar plus Battery Storage, and Transmission and Distribution projects, positioning the Company to benefit from emerging opportunities in energy transition of the country.

On HAM monetization, the Malout–Abohar asset in process of being successfully divested to Neo Asset Management at a strong return on invested equity, validating our capital recycling strategy.

Jalbehra–Shahbad and Bhatinda-Dabwali are in due diligence process after signing of Non-Binding Offer (NBO). Our Singapore and UAE subsidiaries are actively building an international pipeline across Southeast Asia and the Middle East.

Going forward, we remain focused on the playbook that has gotten us here. Strengthening execution, expanding our order book, and building a diversified, asset-backed portfolio with long-term revenue visibility, all this while maintaining financial strength and creating sustainable and significant value for all stakeholders.

Result PDF

Construction & Engineering company Ceigall India announced Q1FY26 results

  • Revenue from operations (excluding bonus and royalty) increased to Rs 8,382 million in Q1FY26, reflecting a 4.3% year-on-year growth from Rs 8,038 million in Q1FY25 on a consolidated basis.
  • The consolidated EBITDA (excluding bonus and royalty) for Q1FY26 stood at Rs 1,091 million, from Rs 1,225 million in Q1FY25. The EBITDA margin was recorded at 13.02%.
  • The consolidated PAT for Q1FY26 was Rs 513 million compared to Rs 779 million in Q1FY25, with a PAT margin of 6.12%.
  • The order book currently stands robust at Rs 1,03,374 million, reflecting a healthy book-to-bill ratio

Ramneek Sehgal, Managing Director, said: “We are delighted to report a steady operating performance for Q1FY26. Our consolidated revenue from operations (excluding bonus & royalty) increased by 4.3% to Rs 8,382 million. For the same period, our EBITDA and PAT stood at Rs 1,091 million and Rs 513 million, respectively

As of June 30, 2025, our total order book stands at Rs 1,03,374 million, with Roads, Highways, Flyovers, and Tunnels contributing 83.42%, Railways & Metros at 13.15%, Bus Terminals at 1.38%, and Tunnels at 2.05%. This robust and diversified pipeline reflects our strong execution capabilities and sectoral presence.

During the quarter we emerged as a LI bidder for Transmission project that marks a significant milestone as we diversify into the energy infrastructure space. The project aligns with our long-term vision of building a robust and future-ready EPC portfolio. With our strong execution capabilities, we are confident of delivering excellence in this new vertical and look forward to actively participating in upcoming opportunities under the TBCB framework

We also received the appointed date for the Northern Ayodhya Bypass project in this quarter. Looking ahead, we expect to receive appointed dates for three more HAM projects within the current financial year, and an additional one in the first quarter of the next year. This will further accelerate execution and revenue conversion.

The Company has infused Rs 4,198.41 million of equity into HAM projects up to June 2025 and an additional Rs 759.6 million in July 2025, taking the total equity infusion to date to Rs 5,129.2 million.

With the government’s strong push for infrastructure development in this year’s Union Budget, we are proud to play an active role in building a stronger, more connected India. Our focus on high-quality projects directly supports the expansion of India’s highway network and the strategic shift towards metro and railway systems—promoting greener, more efficient connectivity.

As we align ourselves with India’s Vision 2047, our goals remain clear: build sustainably, innovate constantly, and grow together

Result PDF

Construction & Engineering company Ceigall India announced Q4FY25 results

  • Revenue from Operations: Rs 10,116 million compared to Rs 9,319 million during Q4FY24.
  • EBITDA: Rs 1,279 million compared to Rs 1,526 million during Q4FY24.
  • EBITDA margin: 12.64% for Q4FY25.
  • PAT: Rs 724 million compared to Rs 1,081 million during Q4FY24.

Ramneek Sehgal, Managing Director, said: “We are delighted to report a steady performance for the period ending FY25. Our consolidated revenue from operations (excluding bonus & royalty) increased by 13.8% to Rs 34,179 million. For the same period, our EBITDA and PAT stood at Rs 4,995 million and Rs 2,866 million, respectively. As of March 31, 2025, our total order book stands at Rs 1,08,062 million, reflecting a healthy book-to-bill ratio. This includes a composition of 85.4% from Roads, Highways, Flyovers, Tunnels, 13.3% from Railways & Metros, and 1.3% from bus terminal.

Further strengthening our credibility, India Ratings and Research (Ind-Ra) has assigned Ceigall India Limited a rating of IND AA-/Stable (Long term) and IND A1 (Short term) for our bank loans.

With the government’s strong push for infrastructure in this year’s budget, we’re proud to play our part in building a stronger, more connected India. Our focus on high-quality projects supports India’s expanding highway network and the strategic shift toward metro and railway systems, promoting greener, efficient connectivity. As we work towards India’s vision for 2047, our goal remains clear: build sustainably, innovate constantly, and grow together.

Result PDF

Construction & Engineering company Ceigall India announced Q3FY25 results

  • Revenue: Rs 8,304 million compared to Rs 6,910 million during Q3FY24.
  • EBITDA: Rs 1,232 million compared to Rs 1,357 million dueing Q3FY24.
  • EBITDA margin: 14.80% for Q3FY24.
  • PAT: Rs 708 million compared to Rs 782 million during Q3FY24.

Ramneek Sehgal, Managing Director, said: “I am pleased to share that the company has delivered a healthy operating performance for the period ending 9MFY25. Our consolidated revenue from operations (excluding bonus & royalty) increased by 16.3% to Rs 24,063 million. For the same period, our EBITDA and PAT stood at Rs 3,716 million and Rs 2,142 million, respectively. As of December 31, 2024, our total order book stands at Rs 1,17,025 million, reflecting a healthy book-to-bill ratio. This includes a composition of 85.8% from Roads, Highways, Flyovers, Tunnels, 12.7% from Railways & Metros, 1.2% from bus terminal, and 0.3% from airport runways

Further strengthening our credibility, India Ratings and Research (Ind-Ra) has assigned Ceigall India Limited a rating of IND AA-/Stable (Long term) and IND A1 (Short term) for our bank loans.

Aligned with the government's focus on transforming India's infrastructure, as reflected in this year's budget, we are committed to driving sustainable growth, technical excellence, and operational resilience. Our efforts are focused on delivering high-quality projects that contribute to India's development, leveraging our expertise to create long-term value for all stakeholders as we work towards the vision of a developed nation by 2047.

Result PDF

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