Isgec Heavy Engineering Full Year 2024 Earnings: EPS: ₹33.14 (vs ₹26.72 in FY 2023)

Simply Wall St

August 07, 2024

Isgec Heavy Engineering (NSE:ISGEC) Full Year 2024 Results

Key Financial Results

Revenue: ₹62.2b (down 2.8% from FY 2023).
Net income: ₹2.44b (up 24% from FY 2023).
Profit margin: 3.9% (up from 3.1% in FY 2023). The increase in margin was driven by lower expenses.
EPS: ₹33.14 (up from ₹26.72 in FY 2023).

revenue-and-expenses-breakdown — NSEI:ISGEC Revenue and Expenses Breakdown August 7th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Isgec Heavy Engineering Earnings Insights

The primary driver behind last 12 months revenue was the Engineering, Procurement and Construction segment contributing a total revenue of ₹34.6b (56% of total revenue). Notably, cost of sales worth ₹43.5b amounted to 70% of total revenue thereby underscoring the impact on earnings.Explore how ISGEC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in India.

Performance of the Indian Machinery industry.

The company's shares are down 12% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Isgec Heavy Engineering that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com