Ceigall India shares slipped 4% in early morning trade following the release of its Q1 financial results. As of 9:46 AM, the shares were trading 3.91% lower at Rs 247.73.
The company reported a modest 1.9% increase in consolidated revenue, reaching Rs 838 crore compared to Rs 822 crore in the same quarter last year. However, despite the revenue growth, margins took a hit, falling to 13% from 17.5% year-on-year.
The net profit for the quarter saw a significant decline, dropping 33% to Rs 53.1 crore from Rs 79.4 crore in the previous year. EBITDA also experienced a downturn, shrinking by 24.2% to Rs 109 crore compared to Rs 144 crore in Q1 of last year.
Market activity reflected the cautious investor sentiment, with shares opening at Rs 250.01 and hitting a low of Rs 245.41 during the session. The stock’s 52-week high remains at Rs 424.80, while the low stands at Rs 235.95. The previous close was Rs 257.80.
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