Isgec reports mixed Q1FY26 results with income and PAT declines

Isgec Heavy Engineering Limited reported its Q1FY26 standalone financial results, with total income decreasing by 16.0% year-over-year. PAT also saw a decline of 2.2% YoY, while EBITDA increased by 4.8% YoY. Segmental performance showed Manufacturing of Machinery & Equipment revenue down 21.5% YoY, and Industrial Projects revenue decreased by 18.0% YoY.

On a consolidated basis, Q1FY26 results indicated a 12.2% decrease in total income from continuing operations and a significant 32.9% drop in PAT from continuing operations year-over-year. EBITDA from continuing operations also fell by 13.0% YoY. Segmentally, Manufacturing of Machinery & Equipment revenue decreased by 12.3% YoY, Industrial Projects revenue by 18.2% YoY, and Sugar & Ethanol revenue (excluding the Philippines plant) by 4.4% YoY.

The company's consolidated order book stood at INR 90,120 Mn as of June 30, 2025. This order book is diversified across sectors, with refineries making up 18%, power 13%, steel, cement & aluminum 20%, sugar 12%, chemicals, petrochemicals & fertilizers 14%, automobile 9%, and others 14%. Geographically, 78% of orders are domestic and 22% international, with 71% from industrial projects and 29% from manufacturing of machinery & equipment.