Investor(s) Presentation on the financial performance of the Company for the quarter and year ended Mach 31, 2026
ISGEC · price
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ISGEC Heavy Engineering reported consolidated total income of Rs. 69,223 Mn for FY26, up 7% from Rs. 64,644 Mn in FY25. However, PAT declined 25% to Rs. 1,540 Mn due to Rs. 1,699 Mn depreciation impact from reclassifying Cavite Biofuel Philippines (CBPI) back to continuing operations after sale timeline became uncertain. Q4FY26 showed stronger performance with 21% revenue growth and 361% PAT growth. Manufacturing segment led with 11% revenue growth and 13.8% EBIT margin, while Industrial Projects grew 6% with 4.7% EBIT margin. Order book stood at Rs. 79,840 Mn as of March 31, 2026. Ethanol production at Saraswati Sugar Mills began on December 17, 2025. The company maintains strong credit ratings (AA Stable, A1+) and operates across 93 countries.
PAT decline in FY26 is primarily an accounting impact from depreciation catch-up rather than operational weakness; EBITDA actually improved to Rs. 6,713 Mn from Rs. 5,661 Mn. The robust order book of Rs. 79,840 Mn and improving Q4 momentum suggest stable outlook, though the Philippines ethanol business uncertainty remains a watch item.