Board approves Rs 351 crore capex; Q3 profit up 28% YoY
ISGEC · price
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Isgec's Q3 FY26 standalone revenue rose 18.5% YoY to Rs 1,327 crore; net profit up 28% to Rs 75 crore. Nine-month profit rose 7% to Rs 246 crore. Q3 included a Rs 14 crore one-time charge for new labour codes. Board approved Rs 351 crore capex: Rs 22.6 crore for new Iron Foundry machining shop, Rs 218 crore for Machine Building expansion, and Rs 110 crore (raised from Rs 87 crore) for Skids and Modules at Dahej SEZ. MD Aditya Puri and two JMDs re-appointed for 5 years.
Capex of about 14% of net worth signals growth push. Strong Q3 profit is positive, though the one-time labour code charge hit reported earnings.