Ceigall (CEIGALL) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 consolidated revenue rose 26.8%, EBITDA 53.2% and PAT 64.1% YoY; H1 revenue increased 21.1%.

• Order book reached INR 226,811 million at September 30, 2026, with Q2 order inflow of INR 52,047 million.

• Board approved a proposed securities raise of up to INR 1,000 crore and a binding offer for a subsidiary sale, subject to approvals.

Financial highlights

• Q2 consolidated revenue was ₹10,224.79 million vs ₹8,065.71 million YoY; EBITDA was INR 1,740 million and PAT INR 922 million.

• Q2 profit attributable to owners was ₹910.12 million vs ₹579.90 million YoY; PBT was ₹1,241.04 million vs ₹772.28 million.

• H1 consolidated revenue was ₹19,921.21 million vs ₹16,447.49 million; profit attributable to owners was ₹1,523.08 million vs ₹1,111.69 million.

• H1 consolidated EBITDA was INR 3,174 million, up 42.5% YoY; EBITDA margin improved to 15.9% from 13.5%.

• Standalone Q2 revenue was ₹9,745.03 million vs ₹7,869.67 million; PAT was ₹819.71 million vs ₹558.63 million.

Outlook and guidance

• Priorities include accelerating execution, expanding in renewables and power transmission, and maintaining disciplined capital allocation.

• Strategy targets diversification into BOT, TOT, PPP and standalone O&M opportunities, alongside specialised EPC markets.

• Proposed fundraise of up to ₹1,000 crore through equity and/or other eligible securities, subject to approvals and shareholder special resolution.