Isgec Heavy Engineering Limited announced robust financial results for the second quarter and first half of FY27. Revenue from operations grew by 17% for the quarter and 35% for the six months. The company also achieved an all-time high order book of INR 8,757 crores as of September 30, 2026, signalling strong future revenue potential and healthy demand across its business segments.
Isgec Heavy Engineering Reports Strong Q2 FY27 Performance
Isgec Heavy Engineering Limited has disclosed its financial highlights for the second quarter and first half of the fiscal year ending September 30, 2026. The company demonstrated significant growth in revenue and profitability, alongside a record-breaking order book, underscoring its strong market position and operational efficiency.
Key Financial Highlights for Q2 and H1 FY27
Standalone Performance
For the quarter ended September 30, 2026, Isgec’s revenue from operations saw a healthy increase of 17% year-on-year. The profit before tax (PBT) grew by 39%. Total income for the quarter reached INR 1,521 crores. For the six months ended September 30, 2026, revenue from operations surged by 35%, with PBT showing a 24% increase. Total income for the half-year stood at INR 3,106 crores.
Order Booking and Execution
The company reported an excellent order booking for the first six months of INR 4,844 crores. As of September 30, 2026, the standalone order book reached an all-time high of INR 8,757 crores. Execution of both industrial projects and manufacturing segments is proceeding well. Export revenue for the quarter was INR 172 crores, approximately 11% of total income, up from INR 90 crores in the same quarter last year. First-half export revenue was INR 557 crores, about 18% of total income, compared to INR 425 crores in H1 FY26.
Consolidated Financials
On a consolidated basis, orders in hand as of September 30, 2026, reached an all-time high of INR 10,273 crores. Total income for the quarter ended September 2026 was INR 1,860 crores, a 10% increase from INR 1,696 crores in the previous year. For the six months, total consolidated income grew by 25% to INR 3,853 crores.
Consolidated profit before tax for the quarter ended September 2026 more than doubled to INR 102 crores, a 100% increase from INR 51 crores in the prior year. The six-month consolidated PBT increased by 62% to INR 155 crores from INR 96 crores.
Segment Performance and Outlook
Manufacturing EBIT margin for the quarter was 13.7%, exceeding the guided range. The project business EBIT margin was 5.7%. The domestic market shows strength across all product lines, with healthy export inquiries from Latin America and Africa.
Looking ahead to FY27 on a standalone basis, Isgec expects revenue to grow by 15% to 17%. Manufacturing margins are anticipated to remain between 12% and 13%, while project business margins are expected to improve to around 6%.
Impact of Geopolitical Tensions
Current geopolitical developments have not impacted order booking or execution. However, increased material costs due to Middle East conflicts and higher freight rates for shipping have had a small adverse effect on profitability. The company is managing these through contingency provisions and expects them to be absorbed.
Source: BSE
