ISGEC Heavy Engineering Ltd Q4FY24; 23% fall in Profits

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 Q4FY24 of ₹1,868.00 Crores down from ₹2,043.00 Crore year on year, a fall of 8.57%.

Total Expenses for Q4FY24 of ₹1,769.00 Crores down from ₹1,922.00 Crores year on year, a fall of 7.96%.

Consolidated Net Profit of ₹72.00 Crores down 22.58% from ₹93.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹9.70, down 17.16% from ₹11.71 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.