Ceigall India Limited reported its consolidated financial results for the quarter ended December 31, 2024, showcasing strong revenue growth but mixed profitability on a year-on-year (YoY) basis, while quarter-on-quarter (QoQ) performance reflected improvements.
Revenue growth:
The company’s total revenue for Q3 FY24 stood at ₹830.53 crore, marking a 19.5% YoY increase compared to ₹694.83 crore in the same quarter last year. On a QoQ basis, revenue grew 7.6% from ₹772.19 crore in Q2 FY24, indicating sustained operational momentum and successful project execution.
Profit performance:
Profit from continued operations for Q3 FY24 came in at ₹70.79 crore, reflecting a 9.4% YoY decline from ₹78.19 crore in Q3 FY23. However, on a QoQ basis, profit rose by 8% compared to ₹65.53 crore in the previous quarter, suggesting that the company managed to improve its margins sequentially despite YoY pressures.
The YoY decline in profitability may be attributed to increased operational costs or other financial headwinds, while the QoQ improvement highlights effective cost management or better project margins in the recent quarter.
Disclaimer: The financial performance data provided here is for informational purposes only and not intended as investment advice. Investors should consult certified financial advisors before making any decisions.
