Ceigall India Share Price

Transcript of the Earnings Discussion/Conference call.

• BSE India
• 2 days ago

Newspaper publication- Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026

• BSE India
• 6 days 3 hours ago

<h3><span style="font-size:16px;"><strong>Construction & Engineering company Ceigall India announced Q2FY27 results</strong></span></h3> <p><strong>Consolidated Financial Highlights:</strong></p> <ul> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Revenue from Operations:</strong> Stood at Rs 10,224.79 million in Q2FY27, up 5.45% QoQ from Rs 9,696.42 million in Q1FY27 and up 26.77% YoY compared to Rs 8,065.71 million in Q2FY26.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Other Income:</strong> Reported at Rs 56.60 million in Q2FY27, declining by 50.51% QoQ from Rs 114.36 million in Q1FY27 and declining by 66.01% YoY from Rs 166.52 million in Q2FY26.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Total Income:</strong> Reached Rs 10,281.39 million in Q2FY27, registering a growth of 4.80% QoQ from Rs 9,810.78 million in Q1FY27 and an increase of 24.89% YoY from Rs 8,232.23 million in Q2FY26.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Profit Before Tax & Exceptional Items:</strong> Stood at Rs 1,241.04 million in Q2FY27, rising by 26.80% QoQ compared to Rs 978.72 million in Q1FY27 and surging by 60.70% YoY compared to Rs 772.28 million in Q2FY26.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Profit Before Tax (PBT):</strong> Came in at Rs 1,241.04 million in Q2FY27, increasing by 30.15% QoQ from Rs 953.56 million in Q1FY27 (which had an exceptional loss of Rs 25.16 million) and growing by 60.70% YoY from Rs 772.28 million in Q2FY26.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Profit from Continued Operations (Net Profit):</strong> Reached Rs 921.67 million in Q2FY27, marking an increase of 44.58% QoQ compared to Rs 637.47 million in Q1FY27 and a growth of 64.11% YoY compared to Rs 561.61 million in Q2FY26.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Net Profit Attributable to Owners of the Company:</strong> Stood at Rs 910.12 million in Q2FY27, reflecting a rise of 48.48% QoQ from Rs 612.96 million in Q1FY27 and up 56.94% YoY from Rs 579.90 million in Q2FY26.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Total Comprehensive Income:</strong> Reported at Rs 928.23 million in Q2FY27, showing a growth of 46.64% QoQ from Rs 633.02 million in Q1FY27 and up 63.52% YoY from Rs 567.64 million in Q2FY26.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Earnings Per Equity Share (EPS):</strong> Basic and Diluted EPS for Q2FY27 stood at Rs 5.29, up 44.54% QoQ from Rs 3.66 in Q1FY27 and up 64.29% YoY from Rs 3.22 in Q2FY26.</li> </ul> <p><strong>Standalone Financial Highlights:</strong></p> <ul> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Revenue from Operations:</strong> Stood at Rs 9,745.03 million in Q2FY27, increasing by 8.09% QoQ from Rs 9,015.35 million in Q1FY27 and growing by 23.83% YoY compared to Rs 7,869.67 million in Q2FY26.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Other Income:</strong> Reported at Rs 77.01 million in Q2FY27, down 19.10% QoQ from Rs 95.19 million in Q1FY27 and down 53.09% YoY from Rs 164.16 million in Q2FY26.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Total Income:</strong> Reached Rs 9,822.04 million in Q2FY27, rising by 7.81% QoQ compared to Rs 9,110.54 million in Q1FY27 and up 22.26% YoY compared to Rs 8,033.83 million in Q2FY26.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Profit Before Tax (PBT):</strong> Came in at Rs 1,096.73 million in Q2FY27, growing by 8.47% QoQ compared to Rs 1,011.13 million in Q1FY27 (which included an exceptional loss of Rs 18.57 million) and increasing by 47.28% YoY from Rs 744.66 million in Q2FY26.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Profit from Continued Operations (Net Profit):</strong> Stood at Rs 819.71 million in Q2FY27, reflecting an increase of 8.81% QoQ compared to Rs 753.36 million in Q1FY27 and up 46.74% YoY compared to Rs 558.63 million in Q2FY26.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Total Comprehensive Income:</strong> Amounted to Rs 826.14 million in Q2FY27, an increase of 10.30% QoQ from Rs 748.97 million in Q1FY27 and up 46.31% YoY from Rs 564.66 million in Q2FY26.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Earnings Per Equity Share (EPS):</strong> Basic and Diluted EPS stood at Rs 4.71 in Q2FY27, compared to Rs 4.32 in Q1FY27 and Rs 3.21 in Q2FY26.</li> </ul> <p><strong>Business Highlights</strong></p> <ul> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Segment Revenue Performance (Consolidated):</strong> <ul> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Engineering, Procurement and Construction (EPC):</strong> Revenue stood at Rs 8,963.83 million in Q2FY27, up 10.82% QoQ from Rs 8,088.86 million in Q1FY27 and up 24.99% YoY from Rs 7,171.49 million in Q2FY26.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Annuity Projects:</strong> Revenue stood at Rs 3,720.05 million in Q2FY27, down 6.92% QoQ from Rs 3,996.50 million in Q1FY27, but up 17.95% YoY from Rs 3,154.03 million in Q2FY26.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Others:</strong> Revenue reached Rs 836.58 million in Q2FY27, compared to Rs 987.25 million in Q1FY27 (down 15.26% QoQ) and Rs 749.16 million in Q2FY26 (up 11.67% YoY).</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Inter-Segment Eliminations:</strong> Stood at Rs (3,295.67) million in Q2FY27.</li> </ul> </li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Segment Results Performance:</strong> <ul> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Engineering, Procurement and Construction (EPC):</strong> Segment profit reached Rs 1,019.72 million in Q2FY27, rising by 9.12% QoQ from Rs 934.50 million in Q1FY27 and surging by 76.59% YoY from Rs 577.46 million in Q2FY26.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Annuity Projects:</strong> Generated a segment profit of Rs 147.18 million in Q2FY27, registering a sharp turnaround from a loss of Rs (88.80) million in Q1FY27 and a loss of Rs (4.12) million in Q2FY26.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Others:</strong> Recorded a segment loss of Rs (12.75) million in Q2FY27, compared to a loss of Rs (10.25) million in Q1FY27.</li> </ul> </li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Fund Raising:</strong> The Board approved raising funds up to Rs 1,000 crore via issuance of equity shares and/or other eligible convertible or debt securities through permissible modes including QIP, rights issue, or preferential issue, subject to shareholder and regulatory approvals.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Increase in Authorised Share Capital:</strong> Approved increasing authorised share capital from Rs 110.00 crore to Rs 120.00 crore, divided into 22,00,00,000 equity shares of Rs 5/- each and 1,00,00,000 preference shares of Rs 10/- each.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Divestment in Step-Down Subsidiary:</strong> In-principle approval granted for the execution of a Binding Offer Letter with Neo Alternative Asset Managers Private Limited for the sale of Ceigall Bathinda Dabwali Highways Private Limited (a step-down subsidiary) at an agreed enterprise valuation of Rs 356.20 crore, subject to adjustments and required authority/lender approvals, with targeted completion on or before March 31, 2027.</li> <li _ngcontent-ng-c3650119362=""><strong _ngcontent-ng-c3650119362="">Board Appointment:</strong> Approved the appointment of Mr Chandan Singh as an Additional Director / Whole Time Director for a 3-year term effective November 05, 2026, subject to shareholder approval.</li> </ul> <p><strong>Ramneek Sehgal, Chairman and Managing Director, Ceigall India, said:</strong></p> <p>“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.</p> <p>During Q2 FY27, we delivered a strong financial performance with consolidated revenue of Rs 10,225 million, growing 26.8% year-on-year, while EBITDA increased by 53.2% to Rs 1,740 million, with EBITDA margins improving to 17.0%. PAT grew by 64.1% to Rs 922 million. For H1 FY27, consolidated revenue stood at Rs 19,921 million, registering a growth of 21.1% year-on-year; EBITDA increased by 42.5% to Rs 3,174 million, and PAT grew by 45% to Rs 1,559 million. Our order book stood at Rs 2,26,811 million as on September 30, 2026, providing strong revenue visibility across our diversified infrastructure portfolio.</p> <p>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.</p> <p>We also achieved important execution milestones during the quarter, including the receipt of appointed dates for three HAM projects aggregating approximately Rs 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 our HAM asset monetisation strategy, aimed at unlocking capital from mature assets and supporting future growth opportunities.</p> <p>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 longterm growth and creating value for all our stakeholders.”</p> <p><a class="lb" href="/get-document/post/pdf/5932931/" target="_blank">Result PDF</a></p>

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