ISGEC Heavy Engineering - Healthy Margins Support Q3 Earnings Growth: ICICI Securities 
ISGEC Heavy Engineering Ltd. distillery (image: Company website)

ISGEC Heavy Engineering - Healthy Margins Support Q3 Earnings Growth: ICICI Securities 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

ISGEC Heavy Engineering Ltd. has reported better-than-expected margins, product segment margins improved 230 basis points YoY to 10.1% and engineering procurement construction margins grew 130bps YoY to 5.5%, supporting standalone earnings growth of 14% YoY at Rs 553 million.

While sugar segment revenues showed marginal dip at 3% YoY, margin expansion of 1560bps at 24.3% YoY lead to 4% YoY growth in consolidated profit after tax.

Despite headwinds, the company had consolidated orderbook of Rs 68.63 billion, of this, projects/products mix is 78%/22% with exports constituting 16% of orderbook at Rs 10.8 billion.

Click on the attachment to read the full report:

ICICI Securities ISGEC Q3FY21 Results Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.