Ceigall India shares jump as much as 7% after Q1 net profit rises 76.5%; check details

The stock was trading 3% higher at ₹405.8 apiece on the National Stock Exchange (NSE). Intraday, it surged as much as 7% to ₹421.5.

Ceigall India shares debuted on the stock exchanges earlier this month. It listed at ₹419 per share as against the IPO price of ₹410 apiece. The stock is currently trading 3% lower than its listing price.

Ceigall India Q1 results

Ceigall India reported a 76.5% increase in its net profit to ₹77.85 crore in Q1 FY25, compared to ₹44.10 crore in the corresponding period last year.

Revenue from operations jumped 26.4% to ₹822.3 crore as against ₹650.1 crore in the year-ago period.

The road infrastructure developer's total expenses rose 21.5% to ₹726.2 crore in the latest April-June quarter ₹597.4 crore a year back.

From the engineering, procurement and construction (EPC) segment, the revenue grew 29.9% to ₹814.9 crore. The revenue from annuity projects stood at ₹247.5 crore.