Isgec Heavy Engineering Limited has informed the Exchange regarding Board meeting held on August 13, 2025.
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Isgec Heavy Engineering's board, meeting on August 13, 2025, approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, revenue from operations fell to Rs. 98,380 lakhs from Rs. 121,540 lakhs a year earlier, while profit after tax was nearly flat at Rs. 8,659 lakhs (vs. Rs. 8,850 lakhs), with EPS of Rs. 11.78. On a consolidated basis, revenue declined to Rs. 1,34,099 lakhs from Rs. 1,53,861 lakhs, and profit from continuing operations dropped to Rs. 6,394 lakhs from Rs. 9,536 lakhs. The board also recommended a Rs. 5 per share dividend for FY25 (record date September 8, 2025; AGM September 16, 2025). Additionally, the board noted the ongoing sale of its Singapore subsidiary IIPL's holding in Bioeq Energy Holding One, expected by September 15, 2025, with total loan/interest exposure of about Rs. 87,775 lakhs (USD 102.35 million).
Mixed picture for shareholders – topline declined year-on-year both standalone and consolidated, though standalone profits held steady, and a Rs. 5 dividend provides near-term return. The pending Bioeq divestiture will clean up the balance sheet by removing loss-making Philippines ethanol operations but highlights prior missteps in overseas expansion.