Isgec Heavy Engineering Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 14, 2023 at 03:28 am EST
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Isgec Heavy Engineering Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 14,731 million compared to INR 15,125.3 million a year ago. Revenue was INR 14,766.6 million compared to INR 15,150.9 million a year ago. Net income was INR 597.9 million compared to INR 295.7 million a year ago. Basic earnings per share from continuing operations was INR 8.13 compared to INR 4.02 a year ago. Diluted earnings per share from continuing operations was INR 8.13 compared to INR 4.02 a year ago.
For the six months, sales was INR 28,588.6 million compared to INR 27,592.4 million a year ago. Revenue was INR 28,754.8 million compared to INR 27,653.5 million a year ago. Net income was INR 1,104.5 million compared to INR 474 million a year ago. Basic earnings per share from continuing operations was INR 15.02 compared to INR 6.45 a year ago. Diluted earnings per share from continuing operations was INR 15.02 compared to INR 6.45 a year ago.
Isgec Heavy Engineering Limited is an India-based diversified heavy engineering company engaged in manufacturing and project businesses. The Companyâs segments include manufacturing of machinery and equipment and engineering, procurement, and construction (EPC). The manufacturing of machinery and equipment segment is engaged in manufacture of process plant equipmentâs, presses, castings, boiler tubes and panels and containers. The engineering, procurement and construction segment consists of projects and turnkey solutions for sugar plants, distilleries, power plants, boilers, air pollution control equipmentâs, buildings, and factories. The Company manufactures process plant equipment, mechanical and hydraulic presses, steel and iron castings, boiler pressure parts, and built-to-print equipment. It also undertakes EPC turnkey projects for setting up boilers, power plants, sugar plants and distilleries, air pollution control equipment, and industrial water treatment facilities.