Considered and approved the Unaudited Financial Results (Standalone and Consolidated) along with the Limited Review Reports issued by M/s. B D Bansal, Chartered Accountants, Statutory Auditors of the Company for the Quarter ended June 30, 2025, which have been duly reviewed and recommended by the Audit Committee
CEIGALL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ceigall India reported Q1 FY26 (quarter ended June 30, 2025) results. Standalone revenue from operations grew about 6% year-on-year to ₹8,183.47 million, but standalone profit after tax declined roughly 19% to ₹559.22 million (from ₹691.18 million a year ago). Consolidated revenue rose about 2% to ₹8,381.78 million, while consolidated PAT fell sharply by around 34% to ₹513.38 million, mainly dragged by higher finance costs (up about 21% YoY to ₹420.08 million) and weaker annuity project margins. The Board also approved re-appointment of Mr. Arun Goyal as Independent Director, appointed Grant Thornton Bharat as Internal Auditor, M/s Lal Ghai & Associates as Secretarial Auditor, and M/s Khushwinder Kumar & Associates as Cost Auditor. The auditor flagged an Emphasis of Matter noting that results of 11 subsidiaries and one joint venture were reviewed by other auditors and not by the statutory auditor B D Bansal & Co. Further, the Board proposed increasing the borrowing limit to ₹15,000 crore, subject to shareholder approval.
Despite modest revenue growth, profitability contracted meaningfully on higher finance costs and weaker annuity segment performance, which may weigh on near-term sentiment. The proposed sharp increase in borrowing limit signals aggressive capacity/fleet expansion but also raises leverage concerns, and the emphasis of matter on subsidiary audits is a routine disclosure to monitor.