ISGEC Heavy Engineering approved the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. The Board also ratified the re-appointment of key executive and independent directors, including Mr. Aditya Puri as Managing Director and others, subject to shareholder approval via Postal Ballot. Additionally, the company sanctioned significant capital expenditure proposals totaling over Rs. 860 crore for capacity expansion across its manufacturing divisions.
Financial Results Approved
The Board of Directors of ISGEC Heavy Engineering convened on February 09, 2026, to approve the financial performance metrics. The Board sanctioned the Unaudited Standalone Financial Results for the quarter and nine months ending December 31, 2025, along with the Limited Review Report from the Statutory Auditors (Unmodified Opinion). The same approval was granted for the Unaudited Consolidated Financial Results for the same period.
Standalone Highlights (Quarter ended 31.12.2025)
- Total Income: Rs. 136,527 lakhs.
- Profit Before Tax (PBT): Rs. 9,896 lakhs.
- Earnings Per Share (Basic/Diluted): Rs. 10.22.
Consolidated Highlights (Quarter ended 31.12.2025)
- Total Income: Rs. 1,75,635 lakhs.
- Profit Before Tax from Continuing Operations: Rs. 15,041 lakhs.
- Total Comprehensive Income: Rs. 9,024 lakhs.
- Earnings Per Share (Basic/Diluted): Rs. 9.49 (Continuing & Discontinued Operations combined).
Key Directorate Changes and Re-appointments
Based on committee recommendations, the Board approved several crucial re-appointments, all contingent upon shareholder approval through an Ordinary Resolution via Postal Ballot, unless otherwise noted:
- Mr. Aditya Puri (Promoter): Re-appointed as Managing Director for a term of 5 years, effective May 01, 2026, until April 30, 2031.
- Mr. Kishore Chatnani (Non-Promoter): Re-appointed as Joint Managing Director for 5 years, effective June 28, 2026, until June 27, 2031. He will continue serving as the Chief Financial Officer.
- Mr. Sanjay Gulati (Non-Promoter): Re-appointed as Joint Managing Director for 5 years, effective June 28, 2026, until June 27, 2031. He continues as Head- Manufacturing Units.
- Mr. Arvind Sagar: Re-appointed as Non-executive Independent Director for a second term of 5 consecutive years, effective June 28, 2026, until June 27, 2031. This requires a Special Resolution via Postal Ballot.
The Company Secretary was authorized to initiate the necessary Postal Ballot process to seek shareholder consent for these re-appointments.
Capacity Addition and Expansion Plans
The Board also approved strategic Capital Expenditure (Capex) proposals based on the Audit Committee’s recommendation:
- Machining Shop (Iron Foundry Division): Capex of Rs. 22.6 crore for a new facility.
- Machine Building Division Expansion: Capex of Rs. 218 crore for capacity expansion.
- Process Skids & Modules Facility (SEZ, Dahej): Enhancement of proposed investment revised from Rs. 87 crore to Rs. 110 crore.
The rationale for these investments centers on meeting projected demand for machined castings and facilitating growth in the Skids & Modules business by enabling the manufacture of larger units.
Segmental Performance Summary (Unaudited, Q3 FY26)
Reviewing the Segment Reporting for the quarter ended December 31, 2025 (Standalone):
- Manufacturing of Machinery & Equipment Revenue: Rs. 49,082 lakhs (PBT: Rs. 6,168 lakhs).
- Industrial Projects Revenue: Rs. 92,372 lakhs (PBT: Rs. 4,463 lakhs).
The consolidated segment report detailed the inclusion of five segments, with Industrial Projects leading revenue in continuing operations at Rs. 93,279 lakhs for the quarter.
Source: BSE
