ISGEC Heavy Engineering surges on reporting 27% rise in Q3 consolidated net profit
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ISGEC Heavy Engineering is currently trading at Rs. 505.00, up by 6.85 points or 1.38% from its previous closing of Rs. 498.15 on the BSE.
The scrip opened at Rs. 489.35 and has touched a high and low of Rs. 511.00 and Rs. 484.85 respectively. So far 9232 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 605.00 on 11-Feb-2022 and a 52 week low of Rs. 426.20 on 16-Jun-2022.
Last one week high and low of the scrip stood at Rs. 511.00 and Rs. 449.00 respectively. The current market cap of the company is Rs. 3698.53 crore.
The promoters holding in the company stood at 62.43%, while Institutions and Non-Institutions held 9.96% and 27.60% respectively.
ISGEC Heavy Engineering has reported results for third quarter ended December 31, 2022 (Q3FY23).
The company has reported rise of 8.27% in its net profit at Rs 39.82 crore for Q3FY23 as compared to Rs 36.78 crore for the corresponding quarter previous year. However, total income of the company decreased by 1.38% to Rs 1103.18 crore for the quarter under review as compared to Rs 1118.63 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 26.75% in its net profit at Rs 65.86 crore for Q3FY23 as compared to Rs 51.96 crore for the same quarter in the previous year. Total income of the company increased by 13.93% to Rs 1597.97 crore for the quarter under review as compared to Rs 1402.58 crore for the same quarter in the previous year.
