Board approves unaudited Q2 and H1 results; revises materiality policy for events
The Board of Isgec Heavy Engineering met on November 04, 2026 and approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,85,039 | 1,66,176 | +11.4% | 1,98,000 | −6.5% |
| Total income | 1,85,964 | 1,69,625 | +9.6% | 1,99,346 | −6.7% |
| Profit before tax | 10,232 | 5,055 | +102% | 5,290 | +93.4% |
| Profit after tax | 6,619 | 1,255 | +427% | 1,750 | +278% |
| Total comprehensive income | 6,968 | 926 | +652% | 2,443 | +185% |
| Basic EPS | 7.67 | 0.03 | — | 1.22 | +529% |
- Profit after tax YoY change
- +427%
- Period
- Quarter ended 30.09.2026 (Unaudited)
Also decided at the meeting
- Board approved the revision in the Policy for Determination of Materiality of Events or Information in terms of Regulation 30(5) of Listing Regulations (Annexure-III).
Auditor's review
Conclusion: Unmodified
Notes to the results
- New Labour Codes effective November 21, 2025 resulted in one-time increase in employee benefit provision recognised as exceptional item in FY ended March 31, 2026 (consolidated exceptional items 1,649 lakhs).
- SFW Isgec Energy Private Limited became an associate w.e.f. June 2026 after the Company sold 25% shareholding, reducing stake from 51% to 26%; standalone gain of ₹ 350 lakhs recognised.
Board meeting outcome
The Board of Directors met on November 04, 2026 and approved the unaudited standalone and unaudited consolidated financial results for the quarter and half year ended September 30, 2026. The Board also approved a revision in the Policy for Determination of Materiality of Events or Information.
Review conclusion
The statutory auditor, SCV & Co. LLP, conducted a limited review of the results. A limited review gives moderate assurance and is narrower in scope than a full audit. The auditor's conclusion is that nothing came to its attention that causes it to believe the statement contains a material misstatement or fails to disclose what is required to be disclosed.
Standalone performance (₹ in lakhs)
- Revenue from operations: 145,658 for the quarter, against 124,313 in the same quarter a year earlier.
- Total Income: 152,083 for the quarter.
- Profit for the period: 11,814 for the quarter and 21,016 for the half year.
- Basic earnings per share: 16.06 for the quarter.
Items flagged in the notes
- The company diluted its equity stake in SFW Isgec Energy Private Limited and ceased to exercise control over it with effect from June 25, 2026. A gain of ₹ 350 lakhs is recognised in the statement of profit and loss.
- The new labour codes resulted in an estimated one-time increase in the provision for employee benefits of ₹ 1,403 lakhs, recognised as an exceptional item for the financial year ended March 31, 2026.
How to read this
- The figures above are the standalone (company-only) numbers; the consolidated statement brings in subsidiaries and associates.
- The auditor's review is a check on the interim numbers, not a full audit opinion.
- The gain on the stake dilution and the one-time labour-code provision are non-routine items, separate from the ordinary course of operations, and are worth reading alongside the reported profit.
Also from ISGEC Heavy Engineering
Board approves revised materiality policy; standalone Q2 revenue Rs 145,658 lakh, profit Rs 11,814 lakh
4 Nov 2026
ISGEC to host Q2FY27 results conference call with analysts and investors on November 5, 2026
21 Oct 2026
Board meeting on November 04, 2026 to consider and approve unaudited results
15 Oct 2026
More numbers
- Revenue from operations, standalone, quarter ended 30.09.2026145,658
- Revenue from operations, standalone, quarter ended 30.09.2025124,313
- Total Income, standalone, quarter ended 30.09.2026152,083
- Profit for the period, standalone, quarter ended 30.09.202611,814
- Profit for the period, standalone, six months ended 30.09.202621,016
- Basic earnings per share, standalone, quarter ended 30.09.202616.06
- Gain on dilution of stake in SFW Isgec Energy Private Limited350 lakhs
- One-time increase in employee benefits provision (labour codes)1,403 lakhs
- Total income, latest quarter1,85,964 (₹ in lakhs)
- Total income, year-ago quarter1,69,625 (₹ in lakhs)
- Total income, previous quarter1,99,346 (₹ in lakhs)
- Total comprehensive income, latest quarter6,968 (₹ in lakhs)
- Total comprehensive income, year-ago quarter926 (₹ in lakhs)
- Total comprehensive income, previous quarter2,443 (₹ in lakhs)
- Profit after tax, latest quarter6,619 (₹ in lakhs)
- Profit after tax, year-ago quarter1,255 (₹ in lakhs)
- Profit after tax, previous quarter1,750 (₹ in lakhs)
- Revenue from operations, latest quarter1,85,039 (₹ in lakhs)
- Revenue from operations, year-ago quarter1,66,176 (₹ in lakhs)
- Revenue from operations, previous quarter1,98,000 (₹ in lakhs)
- Profit before tax, latest quarter10,232 (₹ in lakhs)
- Profit before tax, year-ago quarter5,055 (₹ in lakhs)
- Profit before tax, previous quarter5,290 (₹ in lakhs)
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