Ceigall India Ltd’s shares climbed 5% following its impressive earnings report for the first quarter. The company reported a significant increase in EBITDA, which rose by 65.1% to ₹1.4 billion, up from ₹873 million a year earlier. This growth pushed the EBITDA margin to 17.5%, compared to 13.4% in the same period last year.
The company’s revenue also saw a substantial increase, reaching ₹8.2 billion, up from ₹6.5 billion year-over-year. Net profit surged to ₹794 million, a notable rise from ₹442 million a year ago and ₹1.1 billion from the previous quarter.
Ceigall India Ltd, originally established as Ceigall Builders Private Limited in 2002, became a public company in 2011. The firm specializes in infrastructure construction, including elevated roads, bridges, railways, and highways.
As of 9:55 am the shares were trading 5.48% higher at ₹720.00 on NSE
