ISGEC Heavy Engineering shares surged sharply by over 18% in early morning trade on strong consolidated year-on-year financial performance. The stock witnessed heavy buying interest soon after opening, reflecting positive investor sentiment driven by robust growth across revenue, profitability, and margins.
As of 9:35 AM IST, ISGEC Heavy Engineering was trading significantly higher compared with its previous close of ₹788.55. The stock opened at ₹890.00, indicating a strong gap-up start. Over the past year, the stock has moved in a wide range, with a 52-week low of ₹683.95 and a 52-week high of ₹1,281.30, highlighting heightened volatility and renewed investor interest.
On the financial front, ISGEC Heavy Engineering reported a solid improvement in its consolidated performance on a year-on-year basis. Revenue rose by 16.26% to ₹1,738.56 crore compared with ₹1,495.39 crore in the corresponding period last year, supported by improved execution and higher order inflows.
Operating performance strengthened significantly during the period. EBITDA increased by 47.19% to ₹193.68 crore from ₹131.58 crore a year ago, reflecting better operating leverage and cost efficiencies. EBITDA margin expanded by 234 basis points to 11.14% from 8.79%, underscoring improved profitability.
Net profit nearly doubled on a YoY basis, rising by 92.46% to ₹112.17 crore compared with ₹58.28 crore in the previous year.