E-PaperISGEC Heavy Engineering Q3 FY24 Results Live: Profit Falls by 1.65% YoY
ISGEC Heavy Engineering Q3 FY24 Results Live: Revenue decreased by 6.55% YoY & profit decreased by 1.65% YoY
ISGEC Heavy Engineering declared their Q3 FY24 results on 13 Feb, 2024. The topline decreased by 6.55% & the profit decreased by 1.65% YoY. As compared to the previous quarter, the revenue grew by 1.32% and the profit increased by 3.56%.
The Selling, general & administrative expenses rose by 6.98% q-o-q & increased by 10.51% Y-o-Y.
The operating income was down by 10.57% q-o-q & decreased by 5.17% Y-o-Y.
The EPS is ₹8.42 for Q3 FY24 which decreased by 1.64% Y-o-Y.
ISGEC Heavy Engineering has delivered -19.45% return in the last 1 week, 22.29% return in the last 6 months, and -7.18% YTD return.
Currently, ISGEC Heavy Engineering has a market cap of ₹6698.17 Cr and a 52wk high/low of ₹1178.25 & ₹417.85 respectively.
As of 16 Feb, 2024, out of 1 analyst covering the company, 1 analyst has given a Strong Buy rating.
The consensus recommendation as of 16 Feb, 2024, was to Strong Buy.
ISGEC Heavy Engineering Financials
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1492.52 | 1473.1 | +1.32% | 1597.06 | -6.55% |
| Selling/ General/ Admin Expenses Total | 131.58 | 122.99 | +6.98% | 119.07 | +10.51% |
| Depreciation/ Amortization | 27.04 | 25.9 | +4.4% | 26.2 | +3.21% |
| Total Operating Expense | 1396.22 | 1365.42 | +2.26% | 1495.51 | -6.64% |
| Operating Income | 96.3 | 107.68 | -10.57% | 101.55 | -5.17% |
| Net Income Before Taxes | 88.68 | 90.8 | -2.33% | 85.08 | +4.23% |
| Net Income | 61.92 | 59.79 | +3.56% | 62.96 | -1.65% |
| Diluted Normalized EPS | 8.42 | 8.13 | +3.57% | 8.56 | -1.64% |
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