Ceigall India Limited has released its investor presentation for the second quarter and half-year ended September 30, 2026. The presentation highlights strong growth in revenue and profitability, a robust order book of INR 2,26,811 million, and strategic diversification into high-potential sectors like renewables and transmission. Key financial metrics including EBITDA and PAT show significant year-on-year improvements for both standalone and consolidated figures.
Ceigall India Investor Presentation: Q2 & H1 FY27
Ceigall India Limited has formally submitted an investor presentation detailing its financial results for the quarter and half-year ended September 30, 2026. The presentation underscores a period of strong performance driven by sustained execution across its core infrastructure business.
Financial Highlights
For the second quarter of FY27 (Q2 FY27), Ceigall India reported a consolidated revenue of INR 10,225 million, marking a 26.8% year-on-year growth. EBITDA saw a substantial increase of 53.2% to INR 1,740 million, with EBITDA margins improving to 17.0%. Profit After Tax (PAT) grew by 64.1% to INR 922 million. The first half of FY27 (H1 FY27) recorded consolidated revenue of INR 19,921 million, a 21.1% increase year-on-year.
Order Book and Strategic Wins
The company’s order book stood at INR 2,26,811 million as of September 30, 2026, ensuring strong revenue visibility. Significant project wins during the quarter include EPC packages for the Frontier Highway in Arunachal Pradesh and a major power transmission project in Gujarat & Maharashtra. Additionally, three HAM projects aggregating approximately INR 40,500 million received appointed dates, commencing project execution.
Operational and Strategic Focus
Ceigall India is focused on accelerating project execution, strengthening its presence in renewable energy and power transmission, and maintaining disciplined capital allocation. The company also achieved milestones in its HAM asset monetisation strategy. The presentation details a diversified project portfolio and a commitment to long-term growth and stakeholder value creation.
Key Financial Ratios (Consolidated)
Key financial ratios presented include:
- Revenue From Operations: Growing from FY24 INR 30,294 million to FY26 INR 40,224 million.
- EBITDA & EBITDA Margins: Margins have stabilized around 14.6% – 17.1% over the years.
- PAT & PAT Margins: PAT has grown from FY24 INR 3,043 million to FY26 INR 3,089 million.
- Bill to Book Ratio: Consistently strong, reaching 4.8x in FY26.
- Debt to Equity: Decreased from 1.2x in FY24 to 0.6x in FY26.
- ROE & ROCE: ROE has ranged between 14.0% – 34.0%, and ROCE between 16.0% – 20.0%.
Standalone and Consolidated Performance
The presentation provides detailed Profit & Loss statements for both standalone and consolidated operations, covering quarterly and half-yearly periods for FY27 against FY26. Standalone Revenue from Operations for Q2 FY27 was INR 9,745 million, a 23.8% increase year-on-year, with PAT at INR 820 million (46.7% growth). For H1 FY27, standalone revenue stood at INR 18,760 million, up 16.9% year-on-year, with PAT at INR 1,572 million (40.6% growth).
Debt and Balance Sheet Position
Debt positioning as of September 30, 2026, shows total consolidated debt at INR 17,303 million. The Net Debt to Equity ratio for standalone operations was 0.2x in H1 FY27, while for consolidated operations it was 0.6x in FY26. The balance sheets for standalone and consolidated entities detail assets, liabilities, and equity as of FY25, FY26, and H1FY27.
Source: BSE
