NSEPress Release4d ago · 5 Nov 2026, 04:19 pm
Press Release
Ceigall India Limited · CEIGALL
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Ceigall India Limited has announced its unaudited financial results for the quarter and half year ended September 30, 2026, with consolidated revenue growing 21.1% YoY to INR 19,921 million and EBITDA rising 42.5% YoY to INR 3,174 million.
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Ceigall India Limited has informed the Exchange regarding a press release dated November 05, 2026, titled "Ceigall India Limited reports Q2 and H1 FY27 Financial Performance".
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Date: November 05, 2026
To, To,
The General Manager, Manager-Listing Compliance,
Department of Corporate National Stock Exchange of India
Services, BSE Limited Limited, Exchange Plaza, C-1,
Phiroze Jeejeebhoy Towers Block G, Bandra Kurla Complex,
Dalal Street, Bandra East, Mumbai – 400 051
Mumbai- 400 001
Scrip Code: 544223 Symbol: CEIGALL
ISIN: INE0AG901020 ISIN: INE0AG901020
Subject: Press Release on the Unaudited Financial Results (Standalone and Consolidated) for the
quarter and half year ended September 30, 2026
Dear Sir/Madam,
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Press Release on the
Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half
year ended September 30, 2026.
The above information is also placed on the website of the Company www.ceigall.com
You are requested to take the above information on your record.
Thanking you,
For Ceigall India Limited
Megha Kainth
Company Secretary & Compliance officer
Membership No.: F7639
Encl: a/a
NSE: CEIGALL | BSE: 544223
Ceigall India Limited reports Q2 and H1 FY27 Financial Performance
H1 FY27 Consolidated Revenue grows 21.1% YoY to INR 19,921 Million; EBITDA
rises 42.5% YoY to INR 3,174 Million, with EBITDA Margin at 15.9%
05th November 2026, Gurugram: Ceigall India Limited (BSE: 544223. NSE: CEIGALL), one of India’s
fastest-growing infrastructure companies, specializing in the design and construction of high-
impact EPC projects with over 24+ years of expertise, recognized for its rapid execution and
specialized capability in delivering complex, large-scale structural work across the nation, has
announced its unaudited financial results for the quarter and half year ended 30th September 2026,
at the Board meeting held on 05th November 2026.
Order book summary as on 30th September 2026
Segment Rs. Million % of Order Book
Roads 1,24,730 55%
Renewables 36,973 16%
Metro 9,288 4%
Transmission & Distribution 6,036 3%
Industrial Infrastructure 48,262 21%
Others (if Any) 1,522 1%
Total 2,26,811 100%
Commenting on the performance during Q2 and H1 FY27, Mr. Ramneek Sehgal, Chairman and
Managing Director, Ceigall India Limited, said:
“The second quarter of FY27 marked a strong period for Ceigall India, with healthy growth in
revenue and profitability, supported by sustained execution across our core infrastructure business.
Our continued focus on operational efficiency, strategic diversification and disciplined capital
allocation has enabled us to strengthen our position as a diversified infrastructure company.
During Q2 FY27, we delivered a strong financial performance with consolidated revenue of INR
10,225 million, growing 26.8% year-on-year, while EBITDA increased by 53.2% to INR 1,740 million,
with EBITDA margins improving to 17.0%. PAT grew by 64.1% to INR 922 million. For H1 FY27,
consolidated revenue stood at INR 19,921 million, registering a growth of 21.1% year-on-year,
EBITDA increased by 42.5%, to INR 3,174 million, PAT grew by 45% to INR 1,559 million. Our order
book stood at INR 2,26,811 million as on September 30, 2026, providing strong revenue visibility
across our diversified infrastructure portfolio.
During the quarter, we further strengthened our order book with significant project wins, including
multiple EPC packages for the Frontier Highway in Arunachal Pradesh and a major power
transmission project in Maharashtra & Gujarat. These developments reinforce our growing presence
across geographies and our strategic focus on high-potential infrastructure segments.
We also achieved important execution milestones during the quarter, including the receipt of
appointed dates for three HAM projects aggregating approximately INR 40,500 million. In our
renewable energy business, we successfully commissioned 10 MW of capacity under our 147 MW
solar project in Maharashtra, ahead of schedule. Additionally, we continued to make progress on
NSE: CEIGALL | BSE: 544223
our HAM asset monetisation strategy, aimed at unlocking capital from mature assets and
supporting future growth opportunities.
Looking ahead, we remain focused on accelerating execution across our project portfolio,
strengthening our presence in renewable energy and power transmission, and maintaining a
disciplined approach to capital allocation. Backed by our robust order book, execution capabilities
and increasingly diversified business portfolio, we remain confident in delivering sustainable long-
term growth and creating value for all our stakeholders.”
Key Consolidated Financial Highlights (INR Million):
Particulars Q2 FY27 Q2 FY26 Y-o-Y H1 FY27 H1 FY26 Y-o-Y
Revenue from Operations 10,225 8,066 26.80% 19,921 16,447 21.10%
EBITDA 1,740 1,136 53.20% 3,174 2,227 42.50%
EBITDA Margins (%) 17.02% 14.09% +293 bps 15.93% 13.54% +239 bps
PAT 922 562 64.10% 1,559 1,075 45.00%
PAT Margins (%) 9.02% 6.96% +206 bps 7.83% 6.54% +129 bps
Key Standalone Financial Highlights (INR Million):
Particulars Q2 FY27 Q2 FY26 Y-o-Y H1 FY27 H1 FY26 Y-o-Y
Revenue from Operations 9,745 7,870 23.80% 18,760 16,053 16.90%
EBITDA 1,305 918 42.20% 2,516 1,853 35.80%
EBITDA Margins (%) 13.39% 11.66% +173 bps 13.41% 11.54% +187 bps
PAT 820 559 46.70% 1,572 1,118 40.60%
PAT Margins (%) 8.41% 7.10% +131 bps 8.38% 6.96% +142 bps
Highlights for Q2 and H1 FY27:
• Consolidated Revenue from Operations stood at INR 10,225 million in Q2 FY27 and INR 19,921 million in
H1 FY27, registering YoY growth of 26.8% and 21.1%, respectively.
• Consolidated EBITDA stood at INR 1,740 million in Q2 FY27 and INR 3,174 million in H1 FY27, registering
YoY growth of 53.2% and 42.5%, with EBITDA margins of 17.0% and 15.9%, respectively.
• Consolidated PAT stood at INR 922 million in Q2 FY27 and INR 1,559 million in H1 FY27, registering YoY
growth of 64.1% and 45.0%, respectively.
• Order inflow during the period stood at INR 52,047 million, while the order book stood at INR 2,26,811
million as on 30 September 2026.
• Received LoI from RECPDCL for the Lakadia–Jam Khambhaliya–Jamnagar power transmission project in
Gujarat INR 57,000 Million (Including Tax), involving a 36-month execution period and 35-year
operational period.
• Commissioned 10 MW of solar capacity under the 147 MW MSKVY 2.0 project in Maharashtra, ahead of
schedule.
• Received appointed dates for three HAM projects aggregating approximately INR 40,500 million,
strengthening project execution visibility.
• Achieved PCOD for the Jalbehra–Shahbad HAM project in August 2026.
• Received LoA for development of the Bulk Drug Park at Una, Himachal Pradesh, valued at INR 225 crore
(including GST).
• Subsequent to the quarter, received the Completion Certificate for the 16.85-km Delhi–Saharanpur
Highway project.
NSE: CEIGALL | BSE: 544223
About Ceigall India Limited (BSE: 544223 | NSE: CEIGALL)
Incorporated in 2002, Ceigall India Limited is a premier infrastructure Engineering, Procurement and
Construction (EPC) company specializing in high-complexity structural works. The Company's
expertise spans the design and construction of elevated roads, flyovers, bridges, railway
overbridges, tunnels, expressways, metro rail, airports, renewable energy, transmission &
distribution and industrial infrastructure projects. Its business operations are strategically balanced
between traditional EPC projects, the Hybrid Annuity Model (HAM) and other emerging
infrastructure segments.
The Company has a proven track record of excellence, having completed over 41 major projects,
including EPC, HAM and specialised O&M works. Currently, Ceigall is executing 39 ongoing projects
across 14 major states in India, reflecting its strong execution capabilities and diversified project
portfolio.
Looking toward the future, Ceigall continues to strengthen its presence in Renewable Energy, Power
Transmission & Distribution and Industrial Infrastructure while expanding its international footprint
thr
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