The shares of the infrastructure construction company gained up to 7 percent after the company’s net profit and revenue increased by 77 percent and 26 percent, respectively in Q1FY25.
Ceigall India Ltd has a market capitalization of Rs 7,080.56 crore, the shares were trading at Rs 406.45 per share, increasing around 3.13 percent as compared to the previous closing price of Rs 394.10 apiece.
Reason for Rise:-
Today, the shares of the company have seen such a bullish movement after Ceigall India Ltd’s revenue increased 13 percent on Quarter on Quarter basis from Rs 944 crore in Q4FY24 to Rs 822 crore Q1FY25, if we look into the on Year on Year basis revenue magnified significantly by 26 percent from Rs 650 crore Q1FY24 to Rs 822 crore Q1FY25.
Ceigall India Ltd’s net profit zoomed by 28 percent on a quarter-on-quarter basis from Rs. 108 crores in Q4FY24 to Rs 78 in Q1FY25. Further, on a year-on-year basis also net profit magnified drastically by 77 percent from Rs 44 crores in Q1FY24 to Rs. 78 crores in Q1FY25.
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Recent projects & Order Book:-
As of July 2024, the company completed over 34 roads and highway projects, these projects include 16 EPC, one HAM project, Five O&M projects, and 12 Item Rate Projects. The company has 18 ongoing projects, including 13 EPC projects and five HAM projects.
As of June 2024, the company has a strong order book of Rs 94,708.42 million. These orders include elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects, and multi-lane highways.
Company Profile:-
Ceigall India Limited is an infrastructure-building business that specializes in structural projects such as elevated roadways, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and airport runways.
Written by:- Abhishek Singh
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