Ceigall India Approves Merger of Subsidiary with C&C Construc

20 May 2025 CW Team

Revenue Growth

The company reported a revenue of Rs 10.00 billion for Q4 FY23, an increase from ₹9.40 billion in the same period the previous year. This reflects a year-on-year growth of 6.38%, underlining Ceigall India's ability to expand its top line despite a challenging economic landscape.

Decline in Profitability

Despite the uptick in revenue, Ceigall India's consolidated net profit declined to Rs 744.00 million in Q4 FY23, down from Rs 1,100 million in the corresponding quarter of the previous fiscal. This represents a sharp year-over-year drop of 32.36 per cent, signalling pressure on the company's bottom line.

EBITDA and Margin Contraction

The company's EBITDA also experienced a decline, falling from Rs 1,600.00 million in Q4 FY22 to Rs 1,300.00 million in Q4 FY23. The EBITDA margin contracted from 17.40 per cent to 12.64 per cent over the same period, indicating a reduction in operational efficiency and increased cost pressures.

Quarter-on-Quarter Comparison

On a sequential basis, Ceigall India reported a slight improvement in net profit. The Q4 FY23 net profit of Rs 744.00 million showed a marginal rise of 1.64 per cent compared to Rs 732.00 million reported in the third quarter of FY23.

Performance Summary and Outlook

The overall financial performance for Q4 FY23 reflects Ceigall India's resilience in driving revenue growth. However, the notable declines in net profit, EBITDA, and operating margins suggest that the company may be grappling with rising costs or other operational inefficiencies.

Company officials noted that these results offer a nuanced picture of growth and challenges. They indicated that management is likely to address the contributing factors to the dip in profitability in forthcoming communications and may outline strategies to enhance efficiency and restore margin strength while sustaining revenue momentum.

News source: Scan X

Ceigall India, a notable entity in the Indian infrastructure sector, has released its consolidated financial results for the fourth quarter of the fiscal year 2023 (Q4 FY23), reflecting a mixed performance. While the company recorded a rise in revenue, it faced a decline in net profit and EBITDA, pointing to operational challenges.Revenue GrowthThe company reported a revenue of Rs 10.00 billion for Q4 FY23, an increase from ₹9.40 billion in the same period the previous year. This reflects a year-on-year growth of 6.38%, underlining Ceigall India's ability to expand its top line despite a challenging economic landscape.Decline in ProfitabilityDespite the uptick in revenue, Ceigall India's consolidated net profit declined to Rs 744.00 million in Q4 FY23, down from Rs 1,100 million in the corresponding quarter of the previous fiscal. This represents a sharp year-over-year drop of 32.36 per cent, signalling pressure on the company's bottom line.EBITDA and Margin ContractionThe company's EBITDA also experienced a decline, falling from Rs 1,600.00 million in Q4 FY22 to Rs 1,300.00 million in Q4 FY23. The EBITDA margin contracted from 17.40 per cent to 12.64 per cent over the same period, indicating a reduction in operational efficiency and increased cost pressures.Quarter-on-Quarter ComparisonOn a sequential basis, Ceigall India reported a slight improvement in net profit. The Q4 FY23 net profit of Rs 744.00 million showed a marginal rise of 1.64 per cent compared to Rs 732.00 million reported in the third quarter of FY23.Performance Summary and OutlookThe overall financial performance for Q4 FY23 reflects Ceigall India's resilience in driving revenue growth. However, the notable declines in net profit, EBITDA, and operating margins suggest that the company may be grappling with rising costs or other operational inefficiencies.Company officials noted that these results offer a nuanced picture of growth and challenges. They indicated that management is likely to address the contributing factors to the dip in profitability in forthcoming communications and may outline strategies to enhance efficiency and restore margin strength while sustaining revenue momentum.News source: Scan X

Infrastructure Urban

13 Oct 2025

Recycling Leaders Push for Policy Reforms in India

As India prepares for the largest recycling-focused event in its history, industry leaders are making a strong case for policy reforms to unlock the country’s circular economy potential. Ahead of the Bharat Recycling Show (BRS) 2025, co-located with Plastics Recycling Show (PRS) India, a high-level panel discussion in Mumbai spotlighted the urgent need for regulatory clarity, digital innovation, and integration of the informal sector.Held under the theme “Unlocking Circular Value: Regulatory and Market Trends in Recycling”, the panel brought together prominent voices from across the recy..

Infrastructure Energy

13 Oct 2025

Environmental Hearing Set for 1000 MW Naying Hydro Project

The environmental public hearing for the 1,000 MW Naying hydroelectric project will take place on November 12 at Yapik community hall in Shi-Yomi district, Arunachal Pradesh, officials confirmed. The run-of-the-river project on the Siyom (Yomgo) river is being developed by the North Eastern Electric Power Corporation (NEEPCO). Construction, including a concrete dam, underground powerhouse, and tunnel, is expected to commence around 2028, with commissioning planned by 2032. The project aims to generate approximately 4,966.77 GWh of electricity. The Naying project received Central Electricity ..

Infrastructure Energy

13 Oct 2025

India Achieves 490 MWh Energy Storage Capacity by June 2025

India’s cumulative energy storage capacity reached 490 MWh by June 2025, according to data released by the Central Electricity Authority (CEA). Of this, more than 85 per cent is associated with renewable energy projects, primarily solar and wind, reflecting the country’s accelerated shift towards grid stability and clean energy integration. The CEA report highlights that 16 energy storage systems are currently operational across 10 states, with major installations in Rajasthan, Gujarat, Karnataka, and Maharashtra. These include both standalone and co-located battery systems deployed by le..