Q4 2024 Isgec Heavy Engineering Ltd Earnings Call Transcript
Key Points
- Stand-alone revenue for FY24 increased by 5% to INR4,906 crore compared to FY23.
- Stand-alone profit before tax for FY24 rose by 30% to INR304 crore.
- Consolidated profit before tax for FY24 increased by 22% to INR354 crore.
- Net borrowing significantly reduced, with a net surplus of INR45 crore on a stand-alone basis and a 43% reduction in consolidated net borrowing.
- Order book is well diversified across various sectors and customers, with a comfortable consolidated order book of INR7,905 crore.
- Consolidated revenue for FY24 decreased by 2.6% to INR6,249 crore compared to FY23.
- Order book growth has been stagnant over the last two years.
- Margins in the project division have declined, with current project margins at 3.9%.
- Working capital remains high compared to historical levels.
- Challenges in the sugar division due to government restrictions on sugar sales and exports, impacting consolidated revenue.
Ladies and gentlemen, good day, and welcome to Isgec Heavy Engineering Limited Q4 and FY24 conference call hosted by ICICI Securities. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Mohit Kumar from ICICI Securities. Thank you, and over to you, sir.
Thank you, Aditya. Good evening. On behalf of ICICI Securities, I would like to welcome you all for the Q4 and FY24 earnings conference call of Isgec Heavy Engineering Limited. From the management today, we have with us Mr.Aditya Puri, Managing Director; Mr. Kishore Chatnani, Whole-Time Director and CFO; and Mr. Sanjay Gulati, Whole-Time Director and Head of Manufacturing Units.
Not further delay, I would hand over the call to management for brief opening remarks, which will be followed by -- followed up by Q&A session. Over to you, sir.
Thank you. Good afternoon, everyone,
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