Ceigall India shares rally 7% after Q1 PAT jumps 80% YoY

Shares of the recently-listed Ceigall India surged 7% on the BSE on Tuesday, reaching the day’s high of Rs 421.75 following the company’s announcement of its first quarterly results since its listing, reporting a net profit of Rs 80 crore for the June quarter.

The net profit was an 80% jump on a year-on-year (YoY) basis against the profit after tax of Rs 44.20 crore in the year-ago period.

The company’s revenue from operations was also up by 26.5% YoY to Rs 822.40 crore against Rs 650.17 crore reported in the corresponding quarter of the previous financial year.


Ceigall India’s total expenses also rose to Rs 726.29 crore, which were reported at Rs 597.5 crore for the quarter ended June 2023.

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Previously, Ceigall India had also announced that it had won new orders worth Rs. 1,042 crores for the development of the Kanpur Central Bus Terminal and Bhuvaneshwar Metro project.

The Bhuvaneshwar Metro Project aims to revolutionize the city’s public transportation system, offering residents a modern, efficient, and eco-friendly mode of travel. This project includes the construction of an extensive metro rail network to enhance connectivity, reduce traffic congestion, and promote economic growth within the region.

The Kanpur Central Bus Terminal project represents a pivotal investment in the city's transportation network. The development will encompass the construction of a modern bus terminal and a comprehensive commercial complex.

The shares of Ceigall India debuted on the exchanges on Thursday with a premium of 4.5%. The stock listed at Rs 419 on the NSE and Rs 413 (a 3% premium) on the BSE, compared to the issue price of Rs 415.

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