Ceigall India LimitedQ1 FY27 Results & Financial Update

Ceigall India Limited: Q1 FY27 consolidated results and company financials – revenue ₹969.64 Cr, PAT ₹63.75 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: CEIGALLPublished 20 Oct 2026Updated 20 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹969.64 CrReported Q1 FY27
Profit after tax₹63.75 CrReported Q1 FY27
EPS₹3.66Reported Q1 FY27

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Quarterly Results AnalysisExplore Ceigall India Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Ceigall India Limited reported consolidated revenue from operations of INR 969.642 crore for the quarter ended June 30, 2026, alongside total income of INR 981.078 crore.

02

Profit before tax (PBT) stood at INR 95.356 crore after accounting for exceptional items of INR 2.516 crore, while net profit after tax (PAT) for the quarter was recorded at INR 63.747 crore.

04

Segment-wise, the core Engineering, Procurement, and Construction (EPC) division generated segment revenue of INR 8,088.86 million with segment results of INR 934.50 million, while Annuity Projects contributed segment revenue of INR 3,996.50 million with a segment loss of INR 88.80 million.

05

The company successfully completed the sale of its entire shareholding in subsidiary Ceigall Malout Abohar Sadhuwali Highways Private Limited to Neo Asset Management Private Limited, resulting in the entity ceasing to be a subsidiary from June 16, 2026, with the transaction gain accounted for during the quarter.

06

Profit after tax was ₹63.75 Cr for the reported quarter. EPS was ₹3.66 for the reported quarter.

01 · Business model

What does Ceigall India do?

Ceigall India Limited is an engineering, procurement, and construction (EPC) contractor specializing primarily in infrastructure development, including roads, highways, expressways, and annuity projects across India.

The company's operational model integrates core construction activities with specialized project execution via various joint ventures, subsidiaries, and step-down subsidiaries to deliver large-scale public infrastructure mandates.

Revenue generation is driven principally by construction contracts and annuity-based highway projects, complemented by other operating activities and project-related income.

02 · Historical context

What shaped the business before this quarter

Divestment of subsidiary

On February 9, 2026, the company entered into a binding offer to sell its entire shareholding in subsidiary Ceigall Malout Abohar Sadhuwali Highways Private Limited, which was successfully concluded on June 16, 2026.

Public issue monitoring closure

Monitoring agency ICRA Limited reported in its review for the period ended March 31, 2026, that public issue proceeds had been fully utilized, concluding the formal monitoring process.

03 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹969.64 Cr
Total income₹981.08 Cr
Profit before tax₹95.36 Cr
Profit after tax₹63.75 Cr
EPS₹3.66

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 6.6% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 9.8% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹11.44 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

EPC and Annuity segments

Consolidated revenue from operations of INR 969.642 crore was underpinned by active execution across engineering, procurement, and construction contracts alongside annuity highway projects.

What drove margins

Cost of construction and materials

Total consolidated expenses for the quarter amounted to INR 8,832.06 crore, dominated by construction costs of INR 5,460.19 million and material consumption costs of INR 2,361.29 million.

Financing and depreciation charges

Finance costs stood at INR 43.916 crore (INR 439.16 million) and depreciation and amortization expenses reached INR 13.016 crore (INR 130.16 million) for the quarter.

05 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

EPC segment performance

The Engineering, Procurement, and Construction segment reported revenue of INR 8,088.86 million and a segment result of INR 934.50 million for Q1 FY27.

Annuity projects segment performance

Annuity Projects delivered revenue of INR 3,996.50 million with a segment loss of INR 88.80 million during the quarter.

Other segments

Other operational activities contributed segment revenue of INR 987.25 million with a segment loss of INR 10.25 million.

06 · Strategy & new businesses

How the company is trying to change its growth mix

Commercial paper issuance

The board approved the issuance of commercial papers for an amount of up to INR 100 crores in one or more tranches on a private placement basis.

Corporate office relocation

The company approved shifting its corporate office from Udyog Vihar Phase-5 to Sector-32, Institutional Area, Gurugram, Haryana.

07 · Reported developments

What changed operationally

Completion of subsidiary divestment

The sale of Ceigall Malout Abohar Sadhuwali Highways Private Limited was completed following receipt of all necessary regulatory approvals and fulfillment of conditions precedent.

08 · Items worth noticing

The line items that can distort a quick read

Exceptional items

Net exceptional items for the quarter stood at INR 2.516 crore (INR 25.16 million), reflecting adjustments related to the divestment of subsidiary holdings.

09 · Beyond the numbers

What changed beyond the numbers

Reported update

Annual General Meeting schedule

The 24th Annual General Meeting of the company is scheduled to be held on Tuesday, September 29, 2026, via video conferencing.

Reported update

Dividend record date

The board set Friday, September 11, 2026, as the record date for the final dividend of INR 0.50 per equity share for the financial year ended March 31, 2026.

10 · Key Q&A

The quarter, answered directly

What does Ceigall India do?

Ceigall India Limited is an engineering, procurement, and construction (EPC) contractor specializing primarily in infrastructure development, including roads, highways, expressways, and annuity projects across India.

What is the clearest takeaway from Q1 FY27?

Ceigall India Limited reported consolidated revenue from operations of INR 969.642 crore for the quarter ended June 30, 2026, alongside total income of INR 981.078 crore.

What drove revenue or demand?

Consolidated revenue from operations of INR 969.642 crore was underpinned by active execution across engineering, procurement, and construction contracts alongside annuity highway projects.

What mattered most for margins or profitability?

Total consolidated expenses for the quarter amounted to INR 8,832.06 crore, dominated by construction costs of INR 5,460.19 million and material consumption costs of INR 2,361.29 million.

What changed operationally beyond the headline numbers?

The board approved the issuance of commercial papers for an amount of up to INR 100 crores in one or more tranches on a private placement basis.

What should the next disclosure help confirm?

Distribution of the recommended final dividend of INR 0.50 per share following record date verification on September 11, 2026.

11 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

12 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Dividend payout: Distribution of the recommended final dividend of INR 0.50 per share following record date verification on September 11, 2026.

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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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