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Ceigall India reported a 66.1% year-on-year (YoY) increase in consolidated net profit to ₹93 crore for the second quarter of the financial year 2026-27, compared with ₹56 crore in the corresponding quarter last year. Revenue rose 26.7% YoY to ₹1,022.4 crore in Q2 FY27 from ₹807 crore in Q2 FY26.
On operational front, the construction engineering company's earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 52.6% to ₹174 crore during the quarter, compared with ₹114 crore in the year-ago period. EBITDA margin improved to 17% from 14% a year earlier.
Ceigall India Q2 segment performance
The company's engineering, procurement and construction (EPC) segment reported revenue of ₹896.38 crore in Q2 FY27, compared with ₹717.15 crore in the corresponding quarter last year. Segment results increased to ₹101.97 crore from ₹57.75 crore.
Revenue from the annuity projects segment stood at ₹372 crore, compared with ₹315.4 crore in Q2 FY26. The segment reported a result of ₹14.72 crore, against a loss of ₹41.2 lakh in the year-ago quarter.
The others segment recorded revenue of ₹83.66 crore during the quarter, compared with ₹74.92 crore a year earlier.
Ceigall India board approves fund raising of up to ₹1,000 crore
Separately, Ceigall India's board approved a proposal to raise funds of up to ₹1,000 crore through the issuance of equity shares or other securities, including convertible securities and debentures. The proposed fund raising may be undertaken through a qualified institutions placement, preferential issue, rights issue, private placement, further public offer or other permitted methods.
The proposal is subject to regulatory and statutory approvals, wherever required, and shareholder approval through a special resolution by way of postal ballot.
The board also approved an increase in the company's authorised share capital to ₹120 crore from ₹110 crore, subject to shareholder approval through an ordinary resolution.
Additionally, the board approved the appointment of Chandan Singh as an additional director and whole-time director for a three-year term, effective November 5, 2026, subject to shareholder approval.
Ceigall India to divest subsidiary for ₹356.2 crore
The company also approved the execution of a binding offer letter with Neo Alternative Asset Managers Private Limited for the proposed divestment of Ceigall Bathinda Dabwali Highways Pvt Ltd, a step-down subsidiary.
The proposed transaction carries an enterprise valuation of ₹356.2 crore, subject to agreed adjustments. The divestment is subject to approvals from the relevant authorities and lenders and is expected to be completed on or before March 31, 2027.
Shares of Ceigall India were trading at ₹388.35, down ₹11.10 or 2.78% on the NSE.
