ISGEC Heavy Engineering Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- ISGEC Heavy Engineering Ltd reported a 10.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 0.2%.
- Its expenses for the quarter were down by 5.9% QoQ and up 2.8% YoY.
- The net profit decreased 75.9% QoQ and decreased 65.3% YoY.
- The earnings per share (EPS) of ISGEC Heavy Engineering Ltd stood at 2.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1500.99 | 1667.42 | 1497.79 | -10.0% | 0.2% |
Total Expenses | 1448.81 | 1539.98 | 1409.18 | -5.9% | 2.8% |
Profit Before Tax | 52.18 | 127.44 | 88.61 | -59.1% | -41.1% |
Tax | 29.08 | 31.84 | 22.10 | -8.7% | 31.6% |
Profit After Tax | 23.10 | 95.70 | 66.58 | -75.9% | -65.3% |
Earnings Per Share | 2.70 | 12.60 | 8.40 | -78.6% | -67.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
ISGEC Heavy Engineering Ltd is a leading heavy engineering company based in India. The company operates in the engineering sector, providing a wide range of products and services, including the manufacturing of equipment for power plants, process plants, and other industrial applications. ISGEC Heavy Engineering has a reputation for delivering high-quality engineering solutions and has been involved in several major projects across various industries. Although detailed information on recent major developments for ISGEC is not available, the company continues to be a significant player in the heavy engineering industry.
Revenue
For the third quarter of the fiscal year 2025 (Q3FY25), ISGEC Heavy Engineering Ltd reported a total income of ₹1500.99 crores. This represents a slight year-over-year (YoY) increase of 0.2% compared to the same quarter in the previous fiscal year (Q3FY24), where the total income was ₹1497.79 crores. However, on a quarter-over-quarter (QoQ) basis, there was a decline of 10.0% from ₹1667.42 crores reported in the second quarter of fiscal year 2025 (Q2FY25). This fluctuation in revenue may reflect changes in market demand or project delivery schedules typical in the heavy engineering sector.
Profitability
In Q3FY25, ISGEC Heavy Engineering Ltd's profit before tax (PBT) was ₹52.18 crores, which shows a significant decrease both on a YoY basis by 41.1% and a QoQ basis by 59.1%. The tax expense for the quarter was ₹29.08 crores, slightly lower than the previous quarter but higher by 31.6% compared to Q3FY24. Consequently, profit after tax (PAT) was ₹23.10 crores, marking a substantial decline of 65.3% YoY and 75.9% QoQ. Earnings per share (EPS) also decreased dramatically to ₹2.70 from ₹12.60 in Q2FY25 and ₹8.40 in Q3FY24. These changes highlight variability in profitability within the analysed periods.
Operating Metrics
The total expenses for ISGEC Heavy Engineering Ltd in Q3FY25 were ₹1448.81 crores, which is a 2.8% increase compared to Q3FY24's expenses of ₹1409.18 crores. However, when compared to the previous quarter, total expenses decreased by 5.9% from ₹1539.98 crores in Q2FY25. These operating metrics suggest fluctuations in cost management or operational changes within the company over the analysed periods. The company's ability to maintain or adjust its expense levels relative to income changes is crucial for understanding its operational efficiency.
