ISGEC Heavy Engineering has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 76.40% rise in its net profit at Rs 62.11 crore for the quarter under review as compared to Rs 35.21 crore for the same quarter in the previous year. Total income of the company increased by 4.37% at Rs 1,425.43 crore for Q4FY23 as compared to Rs 1,365.70 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 93.16 crore for fourth quarter ended March 31, 2023 as compared to Rs 39.19 crore for the same quarter in the previous year. Total income of the company increased by 28.24% at Rs 2,048.39 crore for Q4FY23 as compared to Rs 1,597.28 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 57.71% rise in its net profit at Rs 177.93 crore as compared to Rs 112.82 crore for the previous year. Total income of the company increased by 4.84% at Rs 4,686.91 crore for year under review as compared to Rs 4,470.50 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 78.75% rise in its net profit at Rs 205.54 crore as compared to Rs 114.99 crore for the previous year. Total income of the company increased by 16.31% at Rs 6,411.71 crore for year under review as compared to Rs 5,512.58 crore for year ended March 31, 2022.
