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ISGEC Heavy Engineering Ltd

Q2 FY26Construction

ISGEC Heavy Engineering Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹900
Market cap₹6.6K Cr
P/E25.3
Updated16 Oct 2026
Read4 min read

ISGEC Heavy Engineering Ltd Q2 FY26 key numbers

Revenue
Project business order book increased to INR6,004 crores (consolidated) supporting higher execution and revenue growth next year.

As stated in ISGEC Heavy Engineering Ltd's Q2 FY26 earnings call transcript · published 4 Aug 2026. Reported figures, not investment advice.

The short version

The company expects a 7% to 8% increase in revenue and profits for FY 2026. ISGEC expects a 7% to 8% increase in revenue and profits for FY '26.

From ISGEC Heavy Engineering Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • The company expects a 7% to 8% increase in revenue and profits for FY 2026.
  • Manufacturing revenue is projected to grow from around INR2,500 crores to approximately INR3,200-3,300 crores annually after ongoing capacity expansions complete.
  • New manufacturing facilities at Bhartoli (operational from July 2026) and Dahej SEZ for skids and modules will add an expected INR225 crores and INR160-275 crores annual revenue, respectively.
  • Project business order book increased to INR6,004 crores (consolidated) supporting higher execution and revenue growth next year.
  • Exports order inquiries have picked up, contributing to improved margins and growth.

2 more points from ISGEC Heavy Engineering Ltd's call on revenue

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Profitability & Margins

See what ISGEC Heavy Engineering Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Current capex under implementation is about INR230 crores.
  • A new manufacturing facility is being set up at Bhartoli near Yamunanagar for the Machine Building division, expected to be completed by July 2026, aiming to increase annual revenue by INR225 crores.
  • Board approved INR87 crores investment for a new facility for manufacturing skids and modules at the existing Dahej SEZ location, executed in 2 phases (INR65 crores first phase, INR22 crores second phase).
  • Upon completion, the skid and modules facility is expected to generate annual revenue of INR160 crores (phase 1) increasing to INR275 crores (phase 2).

2 more points from ISGEC Heavy Engineering Ltd's call on capex

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Top-ranked in Construction

Ranked on what management guided this quarter

Guidance-ranked
1Dilip Buildcon Ltd
Rev 1Mar 3
2Solarworld Ene.
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what ISGEC Heavy Engineering Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Consolidated order book as of September 30, 2025: INR 8,789 crores.
  • Standalone order book as of September 30, 2025: INR 7,754 crores.
  • Order book split (consolidated): Projects - INR 6,004 crores; Manufacturing - INR 2,785 crores.
  • Standalone manufacturing orders: Domestic - INR 1,125 crores; Export - INR 692 crores; total manufacturing INR 1,817 crores.
  • Legacy orders (including FGD) pending completion: INR 300-400 crores, expected completion by June 2026.
  • Orders for Isgec Hitachi Zosen: About INR 937 crores out of total.
  • Execution timelines vary: Manufacturing orders 3-12 months; project orders 14-27 months.

2 more points from ISGEC Heavy Engineering Ltd's call on order book

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ISGEC Heavy Engineering Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹2.0K Cr, net profit ₹85 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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What ISGEC Heavy Engineering Ltd's management said in earlier quarters

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    650 Crores (Page 9). Key investor presentation takeaways from Konstelec Engineers's Q2 FY26 investor presentation — and how it ranks against sector peers.

  • MBL Infrastructure Ltd (Q2 FY26)

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Frequently Asked Questions

What were ISGEC Heavy Engineering Ltd Q2 FY26 results?

The company expects a 7% to 8% increase in revenue and profits for FY 2026. ISGEC expects a 7% to 8% increase in revenue and profits for FY '26.

What is ISGEC Heavy Engineering Ltd share price analysis?

ISGEC Heavy Engineering Ltd currently shows a neutral. The stock trades at a P/E of 25.3 with a market cap of ₹6,616 Cr. Investors should review the full earnings analysis for detailed insights.

Is ISGEC Heavy Engineering Ltd planning capital expenditure?

Current capex under implementation is about INR230 crores.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.