ISGEC Heavy Engineering announced that the Board of Directors of the Company at its meeting held on 29 May 2024, inter alia, have recommended the final dividend of Rs 4 per equity Share (i.e. 400%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of ISGEC Heavy Engineering declined 17.22% to Rs 71.30 crore in the quarter ended March 2024 as against Rs 86.13 crore during the previous quarter ended March 2023. Sales declined 8.56% to Rs 1867.96 crore in the quarter ended March 2024 as against Rs 2042.74 crore during the previous quarter ended March 2023.For the full year,net profit rose 24.01% to Rs 243.67 crore in the year ended March 2024 as against Rs 196.49 crore during the previous year ended March 2023. Sales declined 2.81% to Rs 6219.34 crore in the year ended March 2024 as against Rs 6399.04 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales1867.962042.74 -9 6219.346399.04 -3 OPM %7.378.05 -8.017.10 - PBDT130.62152.57 -14 460.40394.33 17 PBT102.42125.80 -19 354.16290.03 22 NP71.3086.13 -17 243.67196.49 24 Powered by Capital Market - Live News

Isgec Heavy Engineering announced that its step-down subsidiary - Cavite Biofuel Producers Inc. (CBPI), Philippines has commenced the commercial operation at its new ethanol plant at Philippineson 11 April 2024, after obtaining all requisite approvals.Powered by Capital Market - Live News

Net profit of ISGEC Heavy Engineering declined 1.65% to Rs 61.92 crore in the quarter ended December 2023 as against Rs 62.96 crore during the previous quarter ended December 2022. Sales declined 6.55% to Rs 1492.52 crore in the quarter ended December 2023 as against Rs 1597.06 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales1492.521597.06 -7 OPM %8.268.00 - PBDT115.72111.28 4 PBT88.6885.08 4 NP61.9262.96 -2 Powered by Capital Market - Live News

ISGEC Heavy Engineering will hold a meeting of the Board of Directors of the Company on 13 February 2024. The meeting would commence at 10.30 am.Powered by Capital Market - Live News