Isgec Heavy Engineering Q4 & FY26 Earnings Call Transcript Released
Isgec Heavy Engineering Limited released its Q4 & FY26 earnings call transcript. FY26 standalone revenue was ₹5,229 crore, up 4.2%. Consolidated EBITDA rose 19% to ₹671 crore, while PAT decreased 25% to ₹154 crore. Export revenue doubled to ₹1,169 crore. FY27 standalone revenue is projected to grow 10%-12%.
The transcript provides detailed financial performance for Q4 and FY26, outlook for FY27, and management commentary on various business aspects including margins, exports, and segment performance. This information is material for investors to assess the company's financial health and future prospects.
The announcement is a transcript of a conference call discussing financial performance. While there are positive aspects like export growth and margin guidance, the consolidated PAT decrease and challenges in specific segments temper the overall sentiment to neutral.
Isgec Heavy Engineering Limited has released the transcript of its conference call held on May 29, 2026, to discuss the financial performance for the quarter and year ended March 31, 2026. During the call, the management highlighted that for FY26, standalone revenue grew by 4.2% to ₹5,229 crore, with PBT at ₹455 crore (including ₹80 crore from the Philippines business). Manufacturing EBIT margins were 12.46%, within the guided range of 12%-13%. Export revenue significantly increased to ₹1,169 crore, representing 22% of total revenue, more than doubling year-on-year.
Consolidated EBITDA was ₹671 crore, up 19% from the previous year, while consolidated PAT stood at ₹154 crore, a 25% decrease from FY25. This reduction was partly due to a ₹104 crore increase in depreciation related to the reclassification of the Philippines business. The company's net borrowing position improved to ₹476 crore from ₹836 crore.
Looking ahead to FY27, Isgec expects standalone revenue to grow by 10%-12%, with an opening order book of approximately ₹7,000 crore. The company is investing ₹25 crore to expand capacity at its Muzaffarnagar steel castings plant. Management expressed confidence in maintaining manufacturing EBIT margins between 12%-13% and expects project business margins to improve to around 5.5%. The company is also seeing increased export opportunities, particularly in Southeast Asia and Africa, and is taking measures to mitigate currency risks.
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Isgec Heavy Engineering Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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