ISGEC Heavy Engineering soars on reporting over 2-fold jump in Q1 consolidated net profit
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ISGEC Heavy Engineering is currently trading at Rs. 749.80, up by 16.75 points or 2.28% from its previous closing of Rs. 733.05 on the BSE.
The scrip opened at Rs. 736.05 and has touched a high and low of Rs. 752.30 and Rs. 722.30 respectively. So far 7471 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 764.05 on 10-Aug-2023 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. 764.05 and Rs. 711.00 respectively. The current market cap of the company is Rs. 5450.01 crore.
The promoters holding in the company stood at 62.43%, while Institutions and Non-Institutions held 10.94% and 26.62% respectively.
ISGEC Heavy Engineering has reported over 2-fold jump in its net profit at Rs 63.74 crore for the quarter ended June 30, 2023 as compared to Rs 30.09 crore for the same quarter in the previous year. Total income of the company increased by 15.97% at Rs 1,158.04 crore for Q1FY24 as compared Rs 998.53 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 52.53 crore for the first quarter ended June 30, 2023 as compared to Rs 18.03 crore for the same quarter in the previous year. Total income of the company increased by 11.88% at Rs 1,398.82 crore for Q1FY24 as compared Rs 1,250.26 crore for the corresponding quarter previous year.
