IHISGEC Heavy Engineering533033Quarterly results

Board approves revised materiality policy; standalone Q2 revenue Rs 145,658 lakh, profit Rs 11,814 lakh

Board of ISGEC Heavy Engineering met on November 04, 2026 and approved a revision in the Policy for Determination of Materiality of Events or Information.

By ScoutQuest · Wed 4 Nov 2026, 3:36 PM IST · 2 min read

Standalone Q2 Revenue

Rs. 145,658 lakh vs Rs. 124,313 lakh a year earlier

Standalone Q2 Profit

Rs. 11,814 lakh vs Rs. 8,437 lakh

Half Year Basic EPS

Rs. 28.58

The Board of ISGEC Heavy Engineering met on Wednesday, November 04, 2026, from 11:00 a.m. to 03:10 p.m. The meeting approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, and a revision in the company's Policy for Determination of Materiality of Events or Information.

What the standalone results show

• Revenue from operations for the quarter ended September 30, 2026 was Rs. 145,658 lakh, against Rs. 124,313 lakh in the same quarter a year earlier.
• Profit for the quarter was Rs. 11,814 lakh, against Rs. 8,437 lakh a year earlier.
• Total income for the quarter was Rs. 152,083 lakh and total expenses Rs. 136,652 lakh; finance costs were Rs. 1,411 lakh and depreciation Rs. 1,939 lakh.
• For the six months ended September 30, 2026, revenue was Rs. 300,962 lakh and profit Rs. 21,016 lakh.
• Basic and diluted earnings per share were Rs. 16.06 for the quarter and Rs. 28.58 for the six months (not annualised).
• Sequentially, revenue was Rs. 155,304 lakh in the quarter ended June 30, 2026 with profit of Rs. 9,202 lakh, so revenue was lower quarter on quarter while profit was higher.

The policy revision, in simple words

The Board approved a revision in the Policy for Determination of Materiality of Events or Information, framed under Regulation 30(5) of the Listing Regulations. This policy is the company's internal rulebook for deciding which events or pieces of information are important enough ("material") to be disclosed to the stock exchanges and placed on the website. The revised policy is enclosed with the update. A revision of this kind is a governance and disclosure-practice step; it does not by itself change the company's operations, orders or finances.

Balance sheet snapshot (standalone)

• Total assets were Rs. 713,006 lakh as at September 30, 2026, against Rs. 704,440 lakh as at March 31, 2026.
• Total equity was Rs. 289,526 lakh, of which paid-up equity share capital was Rs. 735 lakh (face value Re. 1 per share) and other equity Rs. 288,791 lakh.

What a retail investor can take away

• The results carry a limited review report from the statutory auditors, who state that nothing came to their attention that causes them to believe the standalone statement is not in line with the applicable Indian Accounting Standards and disclosure requirements.
• The numbers above are for the standalone entity; the Board also approved the consolidated results for the same period.
• The revised materiality policy is about how and when the company informs the exchanges of important events — a process matter rather than a business development.

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