Ceigall India Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY27 revenue grew 10.2% standalone and 15.7% consolidated YoY, with standalone margins improving. First HAM monetization and an INR 18,568 crore diversified order book support growth, while FY27 revenue guidance is at least 15%.
Fiscal Year 2026
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FY26 revenue, earnings and order inflows advanced, while renewables expanded the order book and project mix. FY27 guidance calls for at least 15% revenue growth and 11%-12.5% EBITDA margins.
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Q3 revenue rose 19% YoY on stronger execution, while the order book reached INR 13,295 crore. Growth plans emphasize diversified infrastructure orders, asset monetization and measured entry into international markets.
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H1 revenue grew modestly amid monsoon-related execution delays, while the ₹12,598 crore order book is diversifying beyond roads. FY26 revenue growth guidance remains 10%–15%, with debt reduction and disciplined bidding priorities.
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Q1 FY26 revenue rose YoY, but EBITDA and PAT declined. FY26 guidance remains 10%-15% revenue growth and 11%-11.5% pure EPC EBITDA margin, with diversification and project starts key to execution.
Fiscal Year 2025
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FY2025 revenue grew 13.8% and the ₹10,862 crore order book supports visibility, with FY2026 growth targeted at 10%-15%. HAM starts, land and milestone collections remain key execution and working-capital dependencies.
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9M FY25 revenue rose 16.3% YoY, with a ₹117,025m order book and 15%–20% organic growth guidance. Pure EPC margins remain targeted at 12.5%–13%, while diversified bids and project execution underpin expansion.