Ceigall India Limited announced robust financial results for the second quarter and first half of FY2027. The company reported a 23.8% year-on-year growth in standalone revenue for Q2 FY2027, reaching INR974.5 crores. Standalone EBITDA saw a significant increase of 42.3% to INR130.5 crores. The company also highlighted a strengthened order book of INR22,681 crores as of September 30, 2026.
Financial Performance Highlights
Ceigall India Limited has announced its financial results for the second quarter (Q2) and the first half (H1) of the financial year 2027 (FY2027), concluding on November 05, 2026. The company demonstrated strong growth across key financial metrics, reflecting sustained execution and operational efficiencies.
Standalone Financials
For Q2 FY2027, standalone revenue from operations stood at INR974.5 crores, marking a substantial 23.8% increase compared to INR787 crores in Q2 FY2026. Standalone EBITDA for the quarter grew by 42.3% to INR130.5 crores, with EBITDA margins improving to 13.4% from 11.7% year-on-year. Standalone profit after tax (PAT) for Q2 FY2027 was INR82 crores, up 46.7% from INR55.9 crores in the prior year, with PAT margins improving to 8.4%.
In the first half of FY2027, standalone revenue reached INR1,876 crores, a 16.9% growth over H1 FY2026. Standalone EBITDA for H1 FY2027 was INR251.6 crores, up 35.8%, with margins at 13.4%. The standalone PAT for H1 FY2027 stood at INR157.2 crores, a growth of 40.6%, with margins improving to 8.4%.
Consolidated Financials
On a consolidated basis, revenue from operations for Q2 FY2027 was INR1,022.5 crores, an increase of 26.8% compared to INR806.6 crores in Q2 FY2026. Consolidated EBITDA saw a significant rise of 53.2% to INR174 crores, with margins improving to 17% from 14.1%. Consolidated PAT for the quarter was INR92.2 crores, a 64.1% growth from INR56.2 crores, with margins at 9%.
For the first half of FY2027, consolidated revenue was INR1,992.1 crores, up 21.1%. Consolidated EBITDA increased by 42.5% to INR317.4 crores, with margins at 15.9%. Consolidated PAT for H1 FY2027 reached approximately INR156 crores, a growth of around 45%, with margins at 7.8%.
Order Book and Future Outlook
As of September 30, 2026, Ceigall India’s order book stood at a robust INR22,681 crores. This order book comprises 18 EPC projects, 10 HAM projects, 1 DBFOT project, and 10 tariff-based projects. The sector-wise composition shows roads and highways at approximately 55%, followed by transmission and distribution (21%), renewable energy (16%), metro projects (4%), and industrial infrastructure (3%). The company emphasized its focus on timely project execution, operational efficiency, and maintaining financial discipline, with a diversified order book and healthy execution pipeline supporting growth ambitions.
Key developments during the quarter included the receipt of a letter of intent for the Lakadia-Jam Khambhaliya-Jamnagar transmission project in Gujarat, valued at approximately INR5,700 crores. The company also secured five packages for the NH 913 Frontier Highway in Arunachal Pradesh, aggregating approximately INR3,128 crores. Furthermore, the company received appointed dates for three HAM projects worth INR4,050 crores. In the renewable energy segment, a 10-megawatt solar capacity was commissioned in Maharashtra.
The company is actively pursuing the monetization of mature assets, including the Bathinda-Dabwali and Jalbehra-Shahbad projects. The provisional COD for the Jalbehra-Shahbad project was achieved during the quarter.
Source: BSE
