Ceigall India Ltd reports a 15% rise in quarterly profit driven by strong performance in its EPC division, while expanding into renewables and overseas markets, signalling a strategic shift in its growth trajectory.
Ceigall India Ltd reported a solid rise in first-quarter profit as its core engineering, procurement and construction business continued to do most of the heavy lifting, even as newer annuity-linked projects remained under pressure. According to an exchange filing cited by NDTV Profit, consolidated net profit climbed 15% year on year to ₹61.3 crore for the quarter ended June 2026, while revenue from operations increased 15.7% to ₹970 crore. EBITDA rose 31.5% to ₹143 crore, lifting the margin to 14.8% from 13% a year earlier.
The numbers suggest that operating performance is improving faster than topline growth. NDTV Profit reported that the EPC division remained the main profit engine, with segment revenue rising to ₹8,088.86 crore from ₹7,258 crore and segment result advancing to ₹934.50 crore from ₹554.82 crore. By contrast, annuity projects revenue jumped about 76% from a year earlier but the segment was still loss-making, underscoring that Ceigall’s push into long-duration assets has yet to translate into consistent profitability.
Management has said it expects at least 15% revenue growth in FY27, EBITDA margins of 11% to 12.5% and order inflows of no less than ₹5,500 crore. That target comes against a year-end order book of ₹18,554.3 crore at the close of FY26, with roads, highways and flyovers accounting for 68.57% and renewables 19.19%, according to the company’s disclosures cited by NDTV Profit. The group has also been widening its footprint beyond roads into renewables, transmission and distribution and industrial infrastructure.
Other reports have pointed to additional order momentum. Sahi.com said Ceigall recently secured a ₹1,090 crore contract, taking its infrastructure order book to ₹18,554 crore and extending revenue visibility into FY28. It also noted asset monetisation efforts, including the reported ₹177 crore sale of CMASH, as a source of funding for future project execution. Separately, Whalesbook said management had outlined FY27 revenue growth guidance of 10% to 15%, along with a broader overseas push through a Singapore subsidiary targeting South-East Asia and the Middle East.
The company has also proposed a final dividend of ₹0.50 per equity share for FY26, subject to shareholder approval, with September 11, 2026 set as the record date, according to NDTV Profit. Ceigall shares ended at ₹335 on August 7, up 0.93% on the day, and have gained nearly 30% over the past year.
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