Ebene, Thursday, May 14: The CIEL Group has delivered what it defines as a sustained performance in an uncertain environment, on the back of the portfolio diversification and continued momentum across clusters.
For the nine months ending March 31, 2026, the Group revenue witnessed an increase by 7 percent to reach Rs 30 billion, attributed to continued momentum in Hotels & Resorts, expansion in Healthcare, and improved banking income at BNI Madagascar, partly offset by a softer performance in Textiles in the region.
On the other hand, EBITDA rose by 12 percent to Rs 5.9 percent, with its margin improving to 19.7 percent, reflecting solid contributions across most clusters and ongoing efficiency gains, despite challenges faced in Textile’s regional operations.
Profit after tax remained stable at Rs 2.9 billion, with improved EBITDA offset by lower contributions from associates and joint ventures, as well as higher finance and tax charges. The profit attributable to the owner stood at Rs 1.4 bn, translating into earnings per share of Rs 0.82.
The Net interest-bearing debt increased to Rs 16.4 billion, reflecting the consolidation of CIEL’s investment in C-Care International Limited (CCIL), expansion and upgrades in Healthcare, the development of its medical device manufacturing unit in India, and hotel renovations within.
Group Finance Director of CIEL Limited, Jérôme De Chasteauneuf, commented: “Against a mixed operating environment marked by continued geopolitical uncertainty, the Group delivered a sustained performance for the period, supported by the momentum of its diversified portfolio and strong cash flow generation.”
