Ceigall India Limited announced robust unaudited financial results for the third quarter and nine months ended December 31, 2025. Consolidated revenue for Q3 FY26 surged 19.3% YoY to INR 9,911 Million, with an EBITDA margin of 14.0%. The company maintains a healthy order book of INR 1,32,951 Million, reflecting strong execution momentum and successful strategic diversification into renewables and transmission sectors.
Ceigall India Announces Q3 & 9M FY26 Performance
Ceigall India Limited has declared its unaudited Standalone and Consolidated Financial Results for the quarter and nine months ending December 31, 2025. The results highlight sustained operational momentum across the core EPC portfolio and increasing traction from diversified verticals.
Key Consolidated Financial Performance (INR Million)
Q3 FY26 Highlights
- Revenue from Operations reached INR 9,911 Million, marking a 19.3% YoY growth compared to INR 8,305 Million in Q3 FY25.
- EBITDA stood at INR 1,391 Million, resulting in a strong EBITDA margin of 14.0%.
- PAT for the quarter was INR 724 Million, yielding a PAT margin of 7.3%.
- Order Inflow for Q3 FY26 was reported at INR 14,026 Million.
9M FY26 Performance
- Consolidated Revenue for the nine months reached INR 26,359 Million, an 8.7% YoY increase from INR 24,251 Million in 9M FY25.
- Consolidated EBITDA for 9M FY26 was INR 3,619 Million, with margins at 13.7%.
- PAT for the nine months stood at INR 1,799 Million.
Order Book Strength and Diversification
As of December 31, 2025, the total order book provides substantial revenue visibility, standing at INR 1,32,951 Million. The company is strategically shifting toward a more balanced portfolio by strengthening its presence beyond traditional roads and highways.
The order book distribution highlights the dominance of the core business while showing growth in other areas:
| Segment | Rs. Million | % of Order Book |
|---|---|---|
| Roads / Highways / Flyovers | 85,236 | 64.11% |
| Renewable Energy | 31,678 | 23.83% |
| Industrial Infrastructure | 6,220 | 4.68% |
| Transmission & Distribution | 4,068 | 3.06% |
The Chairman and Managing Director noted steady performance supported by execution momentum and growing contributions from diversified verticals. The company continues to build annuity assets, with Equity infusion into HAM projects totaling INR 6056.20 Million to date, alongside securing new solar EPC and grid-connected projects.
Future Outlook and Geographical Expansion
Ceigall is committed to long-term growth, further expanding its geographical footprint through the incorporation of Ceigall Global Pte. Ltd. in Singapore to explore opportunities across Southeast Asia and the Middle East. The company anticipates positive momentum in tendering across Road Infrastructure, Renewable, and Industrial Infrastructure segments, leveraging its robust order book and focus on profitability.
Source: BSE
