Gurugram, India – February 4, 2025 – Ceigall India Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company's board approved key corporate actions, including leadership appointments, capital restructuring, and project investments.
Financial Performance Highlights (Standalone)
Metric
Q3 FY25 (Dec 2024)
Q2 FY25 (Sep 2024)
Q3 FY24 (Dec 2023)
9M FY25
9M FY24
Revenue from Operations (INR Mn)
8,102.36
8,097.00
7,449.76
23,929.64
20,971.29
Total Income (INR Mn)
8,199.57
8,146.98
7,737.93
24,256.98
21,365.82
EBITDA (INR Mn)
1,143.76
1,046.92
1,001.28
3,396.24
3,006.89
Profit Before Tax (INR Mn)
912.06
849.60
1,001.28
2,694.46
2,609.13
Net Profit (INR Mn)
681.63
634.23
748.45
2,009.31
1,905.71
EPS (INR)
3.92
3.90
4.76
12.07
12.11
Key Takeaways:
Revenue Growth: 8.7% YoY increase in revenue, supported by strong execution in the construction business.
Profitability: Despite higher operating costs, the company delivered a net profit of INR 681.63 million.
Earnings Stability: EPS stood at INR 3.92 for Q3, maintaining stability compared to the previous quarter.
Segment-Wise Performance (Consolidated)
Segment
Q3 FY25 Revenue (INR Mn)
Q2 FY25 Revenue (INR Mn)
9M FY25 Revenue (INR Mn)
Engineering, Procurement & Construction (EPC)
7,034.00
7,695.12
22,878.66
Annuity Projects
590.26
756.22
3,821.95
Other Income
1,072.20
471.70
2,195.28
Eliminations
(391.11)
(1,201.14)
(4,644.71)
Total Revenue
8,305.35
7,721.90
24,251.18
EPC Segment: Contributed 85% of total revenue, showing stable order execution.
Annuity Projects: Revenue dipped in Q3 but remained steady over nine months.
Other Income: Increased due to financial restructuring benefits.
Strategic Announcements
Leadership Appointment:
Mr. Chitwon Wason (DIN: 10898748) appointed as Whole-Time Director, effective February 4, 2025. He brings over 20 years of experience in infrastructure projects, having worked with leading firms like Tata Projects and Hindustan Construction Companyceigall_04022025132617_….
Capital Expansion:
The board approved an increase in Authorized Share Capital from INR 100 Cr to INR 110 Cr, subject to shareholder approvalceigall_04022025132617_….
Project Investments:
Ceigall Northern Ayodhya Bypass Private Limited:
The company will acquire a 74% stake (INR 31.48 Cr) for the construction of a 35.4 km highway under Hybrid Annuity Model (HAM)ceigall_04022025132617_….
Ceigall Ayodhya Bypass Private Limited:
Investment of INR 34.25 Cr for a 32.17 km highway under HAM, strengthening the company’s road infrastructure portfolioceigall_04022025132617_….
Policy Updates:
Revised corporate policies, including the Code of Conduct for Insider Trading and Materiality of Events Policy, aligning with SEBI guidelinesceigall_04022025132617_….
Management Commentary
Ramneek Sehgal, Managing Director, stated: "We continue to demonstrate strong execution capabilities, driving revenue growth and profitability. Our focus remains on expanding our infrastructure portfolio, and the recent project investments will enhance our market position in the road construction sector. The appointment of Mr. Wason adds significant leadership strength to our company, ensuring sustainable growth in upcoming quarters."
Outlook & Market Positioning
Order Book Strength: Robust pipeline in EPC and HAM projects positions the company well for FY26.
Financial Stability: Strong cash flows and equity infusion ensure a solid balance sheet.
Growth Prospects: Expansion into infrastructure projects under HAM aligns with government initiatives to boost highway development.
With its continued growth in the infrastructure sector, Ceigall India Limited remains a strong contender in the EPC space, supported by a healthy order book and strategic investments.
