Q3 Results: Ceigall India Reports 2.2% Rise In Its Profit On YoY

Gurugram-based Ceigall India, in its unaudited financial results for the third quarter and nine months ended December 31, 2025, reported consolidated revenue from operations of ₹991.1 crore in Q3 FY26, registering a year-on-year (YoY) growth of 19.3%.

At a board meeting held on February 9, 2026, the company reported consolidated EBITDA of ₹139.1 crore, with margins of 14.0%. For the nine months ended FY26, consolidated revenue stood at ₹2,635.9 crore, reflecting an 8.7% YoY increase, while consolidated EBITDA came in at ₹361.9 crore, with margins of 13.7%. The company also reported a year-on-year increase in profit after tax (PAT) to ₹72.4 crore from ₹70.8 crore, marking an increase of 2.2%

In the renewable energy segment, the company reported revenue of ₹3,167.8 crore, marking a 23.83% YoY increase. In the renewable energy segment, the company reported revenue of ₹3,167.8 crore, registering a 23.83% year-on-year (YoY) increase.

QoQ & YoY Change

Ceigall's revenue from operations rose on a quarter-on-quarter (QoQ) basis by 22.9% to ₹991.14 crore in the December 2025 quarter, compared with ₹806.57 cr in the September 2025 quarter. Total income for the December 2025 quarter stood at ₹1,002.01 crore.

On a year-on-year basis, Ceigall's revenue from operations increased 19.3% from ₹830.54 crore in December 2024, while total income rose 19.0% from ₹841.12 crore in the same period last year. whereas, the Q3 FY26 the order inflow stood at Rs. 1,402.6 Cr.  

Leadership View

Commenting on the performance during the quarter and nine months of financial year 2026, Mr. Ramneek Sehgal, Chairman and Managing Director, Ceigall India Limited, said, the execution momentum across its core EPC portfolio and growing contributions from diversified verticals contributed towards increasing its total order book stood at INR 1,32,951 million, providing healthy revenue visibility.

Ramneek Sehgal said that the company's continued to strengthen its presence beyond roads and highways, during this period with increasing traction in renewables, transmission & distribution, and industrial infrastructure. 

Sehgal added that it currently has Eight HAM projects under execution, with key milestones achieved on select assets and Pre-COD achieved for the Bathinda–Dabwali project. Equity infusion into HAM projects stands at INR 6056.20 million till date, reflecting our continued commitment to building annuity assets alongside EPC growth. 

He furthur spoke about the company's meaningful inroads into new growth verticals like renewables and transmission & distribution, being in line with its long-term growth strategy. The Company has also expanded its geographical footprint through the incorporation of Ceigall Global Pte. Ltd. in Singapore, enabling it to explore selective opportunities across Southeast Asia and the Middle East.