ISGEC Heavy Engineering Ltd is a diversified heavy engineering company engaged in manufacturing and project business with an extensive global presence. It manufactures process plant equipment, presses, Iron & Steel castings & Boiler pressure parts.
It also undertakes turnkey projects for setting-up boilers, power plants, sugar plants, distilleries, factories and others. It also has strengths in the business of construction.
It is also engaged in the business of manufacture of sugar and its by-products through a subsidiary.
Financial Results:
- ISGEC Heavy Engineering Ltd reported Revenues for Q1FY24 of ₹1,386.00 Crores up from ₹1,247.00 Crore year on year, a rise of 11.15%.
- Total Expenses for Q1FY24 of ₹1,326.00 Crores up from ₹1,220.00 Crores year on year, a rise of 8.69%.
- Consolidated Net Profit of ₹53.00 Crores up 194.44% from ₹18.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹6.89, up 184.71% from ₹2.42 in the same quarter of the previous year.