Isgec Heavy Engineering

Isgec Heavy Engineering delivered a strong Q3 FY26 with consolidated revenue of ₹1,765 croreCurrent reported value: ₹1,765 crore. No comparable prior figure is available in the source record. (+17.7Current reported value: 17.7. No comparable prior figure is available in the source record.% YoY) and PAT of ₹84 croreCurrent reported value: ₹84 crore. No comparable prior figure is available in the source record. (+265% YoY), driven by improved profitability in the core engineering business and the Hitachi JV. Standalone revenue grew 21% YoYCurrent reported value: 21% YoY. No comparable prior figure is available in the source record. to ₹1,365 crore, with PBT up 27%. Order bookings remained robust at ₹1,733 crore (consolidated), and the order book stood at ₹8,879 croreCurrent ₹8,879 crore. Reported change: +20.0% YoY., with exports comprising 21%. Management highlighted a strategic shift toward private sector (85%Current 85%. Reported change: +5pp YoY. of order book) and export orders, which carry better margins and payment terms. The company announced three capex plans totaling ~₹350 crore to expand machine building, machining, and skids/modules capacity, targeting incremental annual revenue of ₹620 crore. Guidance for FY26 revenue growth of 7-8% was reiterated, with expectations of double-digit growth in FY27. Key risk: commodity price inflation could pressure margins on fixed-price contracts, though management noted back-to-back supplier offers mitigate ~90% of exposure.