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Ceigall India Ltd

Q2 FY26Construction

Ceigall India Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹391
Market cap₹6.8K Cr
P/E21.2
Updated16 Oct 2026
Read4 min read

Ceigall India Ltd Q2 FY26 key numbers

Revenue
The company is bidding aggressively, having submitted bids worth ~INR14,000 crores across sectors including roadways, railways, and renewables.

As stated in Ceigall India Ltd's Q2 FY26 earnings call transcript · published 16 Oct 2026. Reported figures, not investment advice.

The short version

Ceigall India Limited targets 10-15% revenue growth for FY '26, expecting stronger execution in Q3 and Q4 following a muted H1 due to monsoon delays. Revenue growth for FY '26 is expected to recover to 10-15% after muted H1 growth due to monsoon delays.

From Ceigall India Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • Ceigall India Limited targets 10-15% revenue growth for FY '26, expecting stronger execution in Q3 and Q4 following a muted H1 due to monsoon delays.
  • The company is bidding aggressively, having submitted bids worth ~INR14,000 crores across sectors including roadways, railways, and renewables.
  • Revenue mix is expected to remain similar over the next 2-3 years with 64% road and highway, 21% renewables, and others across industrial infrastructure, metros, T&D, tunnels, and bus terminals.
  • Focus on maintaining EPC margins around 11-11.5%, with selective bidding based on margins and equity IRR.
  • Order inflow expected to be robust, supported by government infrastructure initiatives and tighter bid norms favoring strong players like Ceigall.

2 more points from Ceigall India Ltd's call on revenue

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Profitability & Margins

See what Ceigall India Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Ceigall India Limited has infused significant equity in HAM projects, with INR515.4 crores invested as of September 2025 and an additional INR87.8 crores in October 2025, totaling INR603.2 crores.
  • An equity infusion of approximately INR788 crores is yet to be infused in HAM projects over the next 2.5 years, with about INR297 crores targeted in the coming 3 months.
  • For T&D projects, an equity requirement of close to INR600 crores is expected to be invested over 2.5 years.
  • The company is actively investing in advanced construction methodologies and cutting-edge equipment to meet infrastructure demands.

2 more points from Ceigall India Ltd's call on capex

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Top-ranked in Construction

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 3
2Solarworld Ene.
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Ceigall India Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • As of September 30, 2025, Ceigall India Limited's order book stands at INR12,598 crores across 26 ongoing projects.
  • The order book composition includes:
  • 64% Road and Highway segment
  • 22% Renewable energy
  • 5% Industrial infrastructure
  • 3% Transmission and Distribution (T&D)
  • The company has submitted bids totaling INR14,320 crores recently:
  • Road segment: INR8,886 crores
  • Railway segment: INR4,896 crores
  • Renewable segment: INR600 crores

2 more points from Ceigall India Ltd's call on order book

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Ceigall India Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.4K Cr, net profit ₹129 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Ceigall India Ltd Q2 FY26 results?

Ceigall India Limited targets 10-15% revenue growth for FY '26, expecting stronger execution in Q3 and Q4 following a muted H1 due to monsoon delays. Revenue growth for FY '26 is expected to recover to 10-15% after muted H1 growth due to monsoon delays.

What is Ceigall India Ltd share price analysis?

Ceigall India Ltd currently shows a neutral. The stock trades at a P/E of 21.2 with a market cap of ₹6,819 Cr. Investors should review the full earnings analysis for detailed insights.

Is Ceigall India Ltd planning capital expenditure?

Ceigall India Limited has infused significant equity in HAM projects, with INR515.4 crores invested as of September 2025 and an additional INR87.8 crores in October 2025, totaling INR603.2 crores.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.