ISGEC Heavy Engineering Q3 net profit surges 77%; revenue up 16%

ISGEC Heavy Engineering Ltd on Monday (February 9) posted a 76.6% year-on-year jump in net profit for Q3 at ₹97.5 crore, up from ₹55.2 crore in the same period last year.

Revenue grew 16.3% to ₹1,738 crore from ₹1,495 crore, while EBITDA rose 47.9% to ₹194 crore from ₹131.2 crore. The company’s EBITDA margin improved to 11.2% from 8.8% year-on-year.

The Government of India’s new Labour Codes, effective from November 21, 2025, led to a one-time increase of ₹16.49 crore in employee benefit provisions based on actuarial valuation, recognised as an exceptional item.

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The company said it will re-evaluate the impact once central and state rules are fully notified.

On capacity expansion, the Board approved capital expenditure of ₹22.6 crore for a new Machining Shop in the Iron Foundry Division, ₹218 crore for the Machine Building Division, and an enhanced investment of ₹110 crore (up from ₹87 crore) for the Process Skids & Modules facility at SEZ, Dahej.

Shares of ISGEC Heavy Engineering Ltd closed at ₹790 on the NSE, up ₹20.80 or 2.70% on February 9.

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