Isgec Heavy Engineering Limited has informed the Exchange about Transcript

Isgec Heavy Engineering shared its FY24 results and outlook in a conference call. Standalone revenue rose 5% to INR 4,906 crores with PBT up 30% at INR 304 crores; consolidated revenue dipped 2.6% to INR 6,245 crores but PBT grew 22% to INR 354 crores. The company swung to a net surplus of INR 45 crores standalone from a net borrowing of INR 308 crores, while consolidated net debt fell 43% to INR 594 crores. Order book stands at INR 7,905 crores, with management guiding for ~15% revenue growth in FY25 and aspiring to reach 11-12% EBITDA margins over 3-4 years by exiting low-margin long-duration projects. The Philippines ethanol plant commenced production in April 2024, with full-year potential of INR 480-500 crores.