Q1 2025 Isgec Heavy Engineering Ltd Earnings Call Transcript
Key Points
- Standalone total income increased by 7% to INR1,243 crores in June 2024 quarter compared to June 2023 quarter.
- Standalone profit before tax increased by 42% to INR111 crores in June 2024 quarter compared to June 2023 quarter.
- Consolidated total income increased by 11% to INR1,549 crores in June 2024 quarter compared to June 2023 quarter.
- Consolidated profit before tax increased by 33% to INR96 crores in June 2024 quarter compared to June 2023 quarter.
- Net borrowing improved significantly, with standalone net surplus of INR133 crores compared to net borrowing of INR356 crores in June 2023 quarter.
- Philippines project faced temporary shutdown due to deficiencies in effluent treatment and disposal pointed out by local authorities.
- Consolidated borrowing remains substantial at INR491 crores as of June 30, 2024.
- Order booking for consolidated orders decreased slightly to INR1,124 crores in June 2024 quarter compared to INR1,152 crores in June 2023 quarter.
- Industrial projects business margins remain low at around 4% to 5%, with challenges in improving these margins.
- Losses in the Philippines project include a significant foreign currency mark-to-market loss of INR29 crores.
Ladies and gentlemen, good day, and welcome to Isgec Heavy Engineering Limited Q1 FY25 earnings call hosted by ICICI Securities. (Operator instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Nidhi Shah from ICICI Securities. Thank you, and over to you ma'am.
Thank you so much, Luke. Good evening. On behalf of ICICI Securities, I would like to welcome you all for the Q1 FY25 earnings call of Isgec Heavy Engineering Limited. From the management today, we have with us Mr. Aditya Puri, Managing Director; Mr. Kishore Chatnani, Full Time Director and CFO; and Mr. Sanjay Gulati, Whole Time Director and Head of Manufacturing Unit.
I would now like to hand over the conference to the management for opening remarks. Thank you.
Good afternoon, everyone, and thank you for joining us for our earnings conference call today. I hope this message finds you
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
