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15-Nov-2024

ISGEC Heavy Engineering

Net up 55% on higher sales, higher OI, lower interest and tax incidence


'Consolidated net sales (including other operating income) of ISGEC Heavy Engineering has increased 11.59% to Rs 1643.9 crore.  Operating profit margin has declined from 9.07% to 8.46%, leading to 4.14% rise in operating profit to Rs 139.11 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 23.65% to 27.90%.   Purchase of finished goods cost rose from 30.19% to 31.04%.   Employee cost decreased from 9.46% to 9.00%.   Other expenses fell from 26.42% to 23.17%.   Other direct service cost fell from 11.23% to 9.36%.   

Other income rose 560.67% to Rs 23.52 crore.  PBIDT rose 18.59% to Rs 162.63 crore.  Provision for interest fell 58.65% to Rs 8.46 crore.   PBDT rose 32.13% to Rs 154.17 crore.  Provision for depreciation rose 3.20% to Rs 26.73 crore.   Profit before tax grew 40.38% to Rs 127.44 crore.  Share of profit/l...



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