ISGEC Heavy Engineering jumps on reporting over 2-fold jump in Q4 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
ISGEC Heavy Engineering is currently trading at Rs. 583.95, up by 45.65 points or 8.48% from its previous closing of Rs. 538.30 on the BSE.
The scrip opened at Rs. 582.75 and has touched a high and low of Rs. 587.95 and Rs. 570.55 respectively. So far 12803 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 587.95 on 30-May-2022 and a 52 week low of Rs. 418.25 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 587.95 and Rs. 489.15 respectively. The current market cap of the company is Rs. 3958.09 crore.
The promoters holding in the company stood at 62.43%, while Institutions and Non-Institutions held 10.26% and 27.31% respectively.
ISGEC Heavy Engineering has reported 76.40% rise in its net profit at Rs 62.11 crore for the quarter ended March 31, 2023 as compared to Rs 35.21 crore for the same quarter in the previous year. Total income of the company increased by 4.37% at Rs 1,425.43 crore for Q4FY23 as compared to Rs 1,365.70 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 93.16 crore for fourth quarter ended March 31, 2023 as compared to Rs 39.19 crore for the same quarter in the previous year. Total income of the company increased by 28.24% at Rs 2,048.39 crore for Q4FY23 as compared to Rs 1,597.28 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 57.71% rise in its net profit at Rs 177.93 crore as compared to Rs 112.82 crore for the previous year. Total income of the company increased by 4.84% at Rs 4,686.91 crore for year under review as compared to Rs 4,470.50 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 78.75% rise in its net profit at Rs 205.54 crore as compared to Rs 114.99 crore for the previous year. Total income of the company increased by 16.31% at Rs 6,411.71 crore for year under review as compared to Rs 5,512.58 crore for year ended March 31, 2022.
