Ceigall India Q3 FY26: Sales up 19% to ₹991cr

What Ceigall India reported for December 2025

Ceigall India announced consolidated quarterly numbers for the period ended December 2025, showing a rise in revenue compared with the year-ago quarter. The company reported net sales of ₹991.14 crore, up 19.34% from ₹830.54 crore in December 2024. Net profit for the quarter came in at ₹74.11 crore, up 1.25% from ₹73.20 crore a year earlier. EBITDA was reported at ₹150.01 crore, an 11.98% increase from ₹133.96 crore in December 2024.

The earnings snapshot indicates that revenue growth outpaced profit growth, with finance costs and expenses continuing to shape bottom-line movement. EPS increased to ₹4.16 in December 2025 from ₹4.06 in December 2024. As per the data cited alongside the results, Ceigall India shares closed at ₹286.10 on February 18, 2026 on the NSE.

Revenue and operating metrics: how the quarter compared

The consolidated quarterly table provided for Ceigall India shows a clear year-on-year rise in operating income. Total income from operations was ₹991.14 crore in December 2025, compared with ₹830.54 crore in December 2024. Sequentially, December 2025 net sales/income from operations was ₹991.14 crore versus ₹806.57 crore in September 2025.

On profitability, the table shows P/L before other income, interest, exceptional items and tax at ₹123.64 crore for December 2025, compared with ₹111.32 crore in December 2024 and ₹97.86 crore in September 2025. Other income was ₹10.86 crore in December 2025, broadly similar to ₹10.59 crore in December 2024 but lower than ₹16.65 crore in September 2025.

Cost line items and what changed

On expenses, the consolidated quarterly table shows consumption of raw materials at ₹227.25 crore in December 2025, compared with ₹265.90 crore in December 2024. Other expenses were ₹614.35 crore in December 2025, higher than ₹429.92 crore in December 2024 and ₹490.29 crore in September 2025.

Employee cost was ₹10.41 crore in December 2025 versus ₹11.34 crore in December 2024. Depreciation was ₹15.51 crore in December 2025 compared with ₹12.05 crore in December 2024. The combination of higher “other expenses” and higher depreciation, alongside higher interest costs, helps explain why profit growth was modest despite stronger revenue.

Interest, taxes, and the bridge to net profit

The results table lists interest expense at ₹37.46 crore in December 2025, compared with ₹27.37 crore in December 2024. Profit before tax stood at ₹97.05 crore for December 2025 versus ₹94.53 crore in December 2024. Tax for the quarter was ₹24.66 crore compared with ₹23.74 crore a year ago.

Reported net profit for the period was ₹72.39 crore in December 2025, while net P/L after minority interest was ₹74.11 crore. Minority interest is shown at ₹1.73 crore for December 2025, compared with ₹2.40 crore in December 2024.

A second quarterly view: Sep 2025 and earlier quarters

A separate “Quarterly - Ceigall India Ltd.” table (in ₹ crore) provides a broader quarterly sequence. For September 2025, it lists net sales turnover of ₹806.57 crore, other income of ₹16.65 crore, and total income of ₹823.22 crore. It also reports EBITDA of ₹130.27 crore, EBIT of ₹114.52 crore, and reported PAT of ₹56.16 crore for September 2025.

For June 2025, the same table lists net sales turnover of ₹838.18 crore and reported PAT of ₹51.34 crore. For March 2025, it lists net sales turnover of ₹1,011.61 crore and reported PAT of ₹72.39 crore. For December 2024, it lists net sales turnover of ₹830.53 crore, EBIT of ₹121.91 crore, and reported PAT of ₹70.79 crore.

Full-year profit and loss: FY23 to FY25 trend

The profit and loss statement (all figures in ₹ crore; adjusted EPS in ₹) shows Ceigall India’s annual revenue and profit trajectory over the last three financial years. Net sales increased from ₹2,065.34 crore in FY23 (March 2023) to ₹2,954.75 crore in FY24 (March 2024) and ₹3,384.78 crore in FY25 (March 2025). Over the same period, net profit rose from ₹185.31 crore in FY23 to ₹276.93 crore in FY24, before easing to ₹270.25 crore in FY25.

Operating profit increased from ₹298.26 crore in FY23 to ₹438.59 crore in FY24, and was ₹432.21 crore in FY25. Interest expense rose over the period, from ₹32.42 crore (FY23) to ₹61.21 crore (FY24) and ₹72.36 crore (FY25). Adjusted EPS was ₹11.79 in FY23, ₹17.62 in FY24, and ₹15.51 in FY25.

Order book and execution updates cited in the data

The dataset also references the company’s order book and order inflows. Order book as of September 30, 2025 was ₹12,598 crore, with roads and highways at 64.3% and renewables at 21.8%. It also states H1FY26 orders secured at ₹3,747 crore, with an aim to exceed full-year guidance of ₹5,000 crore.

On profitability for the first half, H1FY26 EBITDA is listed at ₹222.7 crore (13.5% margin) and PAT at ₹107.5 crore (6.5% margin). For Q2FY26, EBITDA is listed at ₹113.6 crore and PAT at ₹56.2 crore. Equity infusion into HAM projects is stated at ₹603.2 crore (as of October 2025).

Market snapshot: price reference in the report

The results note includes a price reference: Ceigall India shares closed at ₹286.10 on February 18, 2026 (NSE). The dataset also includes another price and timestamp line showing ₹277.3 on March 11, 2026. These are point-in-time references included with the results information and do not indicate intra-day movement.

Key reported numbers at a glance

Why this result matters for investors tracking execution

The December 2025 quarter shows strong year-on-year sales growth, while profit growth remained limited. With interest expense higher than the year-ago quarter in the same consolidated table, investors often track whether operating profitability and cash flows offset funding costs.

The order book and H1FY26 updates included in the dataset add context on execution visibility. Order book composition (roads and highways at 64.3%, renewables at 21.8%) provides a view of segment mix, while the H1FY26 order inflow of ₹3,747 crore and guidance target of ₹5,000 crore set measurable milestones to track in subsequent updates.

Conclusion

Ceigall India’s consolidated December 2025 quarter showed net sales of ₹991.14 crore (up 19.34% YoY), EBITDA of ₹150.01 crore (up 11.98% YoY), and net profit after minority interest of ₹74.11 crore (up 1.25% YoY), with EPS at ₹4.16. The next set of disclosures around order inflows, execution progress, and financing costs will be key reference points, given the order book and guidance figures cited in the data.