BSECompany Update6d ago · 14 Aug 2026, 04:59 pm
we are enclosing herewith the transcript of the earnings call for analysts and investors held on August 10, 2026, in respect of Unaudited Financial Results (Standalone and Consolidated) ....
Ceigall India Ltd · 544223
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Ceigall India Ltd has announced its unaudited financial results for Q1 FY27, with a focus on its diversified platform, including transportation infrastructure, renewable energy, and T&D sector. The company has made progress on its priorities, including the successful monetization of a hybrid annuity model asset and expansion into the renewable energy space.
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Earnings Impact6/10
Growth Catalyst7/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment6/10
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Ceigall India Ltd - 544223 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Date :14-08-2026
To, To,
The General Manager, Manager-Listing Compliance,
Department of Corporate National Stock Exchange of India
Services, BSE Limited Limited, Exchange Plaza, C-1, Block
Phiroze Jeejeebhoy Towers G, Bandra Kurla Complex, Bandra
Dalal Street, Mumbai- East, Mumbai – 400 051
400 001 Symbol: CEIGALL
Scrip Code:544223 ISIN: INE0AG901020
ISIN:INE0AG901020
Subject: Transcript of the Earnings Discussion/Conference call
Dear Sir/Ma’am,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 and further to our letter dated July 30, 2026, we are enclosing herewith the transcript of the
earnings call for analysts and investors held on August 10, 2026, in respect of Unaudited Financial
Results (Standalone and Consolidated) of the Company for the Quarter ended June 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
“Ceigall India Limited
Q1 FY27 Earnings Conference Call”
August 10, 2026
MANAGEMENT: MR. RAMNEEK SEHGAL – CHAIRPERSON AND
MANAGING DIRECTOR – CEIGALL INDIA LIMITED
MR. KAPIL AGGARWAL – CHIEF FINANCIAL OFFICER
– CEIGALL INDIA LIMITED
MR. A. SARAVANAN – WHOLE-TIME DIRECTOR AND
CEO – CEIGALL INDIA LIMITED
MODERATOR: MR. SMIT PATEL – ADFACTORS PR
Page 1 of 12
Ceigall India Limited
August 10, 2026
Moderator: Ladies and gentlemen, good day, and welcome to the Ceigall India Limited Q1 FY27 Earnings
Conference Call. As a reminder, all participant lines will be in the listen-only mode, and there
will be an opportunity for you to ask questions after the presentation concludes. Should you need
assistance during this conference call, please signal an operator by pressing star then zero on
your touchtone phone. Please note that this conference is being recorded.
I now hand the conference over to Mr. Smit Patel from Adfactors PR. Thank you, and over to
you, sir.
Smit Patel: Thank you. Good morning, everyone. Welcome to Q1 FY27 Earnings Conference Call of
Ceigall India Limited. Today we have with us Mr. Ramneek Sehgal, Chairperson and Managing
Director, Mr. Kapil Aggarwal, CFO, and Mr. Saravanan, Full-Time Director.
Before I hand over for opening comments, let me mention a cautionary statement that this
conference may include forward-looking statements about the company, which are based on
belief, opinions, and expectations of the company as on the date of this call.
These statements are not a guarantee of future performance and involve risks and uncertainties
that are difficult to predict. We will begin the call with the opening remarks from the
management, after which we will have forum open for Q&A session.
I now hand over the conference to Mr. Ramneek Sehgal for his opening remarks. Thank you,
and over to you, sir.
Ramneek Sehgal: Hi, good morning, everyone, and thank you for joining us for the Ceigall India's Quarter 1
Financial Year '27 Earnings Conference Call. I hope all of you are doing well. Joining on today's
call is Mr. Kapil Aggarwal, CFO, Mr. A. Saravanan, our Whole-Time Director, along with our
investor team.
Our financial results, investor presentation, press release have already been shared with the stock
exchanges and also available on our website. I hope all of you have gone had the opportunity to
review them.
The first quarter of financial year '27 has been another encouraging quarter for Ceigall. For the
last few quarters, we have spoken about our strategy of building a diversified platform with
continuing to strengthen our leadership in transportation infrastructure, renewable energy, T&D
sector. I'm happy to share that we have made a good progress on those priorities during the
quarter while continuing to deliver healthy operational performance.
One of the most important developments during the quarter was a successful monetization of the
first hybrid annuity model, or HAM, asset through a divestment of Malout-Abohar-Sadhuwali
project. This is an important milestone for the company as it validates the capital recycling
strategy that we have been working towards over the last few years.
Page 2 of 12
Ceigall India Limited
August 10, 2026
The approach is very clear. We want to execute quality assets, create value through efficient
project delivery, monetize mature assets at the right stage, re-deploy the capital into new
opportunities. We believe this disciplined approach will support future growth while maintaining
a strong balance sheet and improving overall capital efficiency.
Since our IPO, we have steadily diversified into the niche sector that address country's evolving
energy requirements. While continuing to maintain steady growth in highway sector, we have
expanded our presence in renewable energy space across Solar plus BESS, as well as
transmission and distribution.
This diversification reflects our strategy of leveraging our strong execution capabilities to build
a presence in high-growth sectors, create sustainability, long-term value. During the quarter, we
have signed a PPA for a Solar BESS at Morena, emerged as L1 for one of the standalone battery
storage projects. These developments further strengthen our confidence in the renewable energy
platform that we have been building over the last year.
Our execution momentum also remained healthy during the quarter. We have signed the
concession agreement of Ambala-Chandigarh-Zirakpur HAM. Subsequent to the quarter end,
we received the appointed dates of VRK 11, VRK 12, Indore-Ujjain Greenfield HAM project,
enabling commencement of the execution.
We also emerged as L1 bidder in a joint venture for a highway project in Arunachal. These
developments provide additional execution visibility, further strengthen our project pipeline.
Another aspect that gives us confidence in the continued evolution of our order book.
Today, our order book is not only robust in size, but also much more diversified than was a few
years ago. In addition to highway and expressways, it now includes metro rail, renewable energy,
transmission and distribution, industrial infrastructure, and other specialized infrastructure
projects. The diversification allows us to participate in multiple growth opportunities while
reducing dependence on a single segment of the infrastructure sector.
Looking ahead, we continue to remain optimistic about the opportunities in the renewable
transmission and distribution sector, along with our existing infrastructure projects. The
government's continued focus on energy, transmission, distribution, transportation, urban
infrastructure, together with our strong execution capacities, diversified order book, and
disciplined approach towards capital allocation, gives us confidence in our ability to deliver
sustainable growth over the long term.
Before I conclude, I would like to thank our clients, business partners, lenders, shareholders,
most importantly, our employees for the continued trust and the support. Their commitment has
been instrumental in helping us achieve these milestones.
With that, I would now like to hand over the call to our CFO, Mr. Kapil Aggarwal, who will
take you through the financial performance of the quarter in the greater detail. Thank you. Over
to you, Kapil.
Page 3 of 12
Ceigall India Limited
August 10, 2026
Kapil Aggarwal: Thank you, Ramneek sir. Good morning to everyone who has been joining us today. It is pleasure
to discuss our financial performance for first quarter FY27. The first quarter is generally a
seasonal softer quarter for the construction industry due to the onset of the monsoon in several
parts of the country.
Despite this, we delivered a healthy operational and financial performance, reflecting our
disciplined execution capability and continued focus on operational efficiency. On a standalone
basis, revenue from operations for Q1 FY27 stood at INR901 crores a
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