Isgec Heavy Engineering Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 13, 2024 at 03:48 am EST
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Isgec Heavy Engineering Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 14,925.2 million compared to INR 15,970.6 million a year ago. Revenue was INR 14,977.9 million compared to INR 15,979.7 million a year ago. Net income was INR 619.2 million compared to INR 629.6 million a year ago. Basic earnings per share from continuing operations was INR 8.42 compared to INR 8.56 a year ago. Diluted earnings per share from continuing operations was INR 8.42 compared to INR 8.56 a year ago.
For the nine months, sales was INR 43,513.8 million compared to INR 43,563 million a year ago. Revenue was INR 43,732.7 million compared to INR 43,633.2 million a year ago. Net income was INR 1,723.7 million compared to INR 1,103.6 million a year ago. Basic earnings per share from continuing operations was INR 23.44 compared to INR 15.01 a year ago. Diluted earnings per share from continuing operations was INR 23.44 compared to INR 15.01 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.