Isgec Heavy Engineering Limited has reported a 3% increase in consolidated revenue to INR 1,725 crores for the quarter ended September 2025, with its order book growing to INR 8,789 crores. The company's performance was driven by strong results across its manufacturing and project segments.

Financial Highlights

• Consolidated revenue: INR 1,725.00 crores (3% increase)
• Consolidated profit before tax from continuing operations: INR 136.00 crores (16% increase)
• Order book: INR 8,789.00 crores

Key Developments

New Facility Investment

The company's Board has approved an investment of INR 87.00 crores for setting up a new facility for manufacturing skids and modules at their existing land within the Dahej Special Economic Zone (SEZ). This investment will be made in two phases:

• Phase 1: INR 65.00 crores
• Phase 2: INR 22.00 crores

Upon completion, the new facility is expected to generate:

• Phase 1: Annual revenue of INR 160.00 crores
• Phase 2: Increased annual revenue of INR 275.00 crores

Order Book Analysis

The consolidated order book of INR 8,789.00 crores is well-diversified across various sectors and customers:

Notably, 26% of the consolidated order book is from exports, indicating a strong international presence.

Sector-wise Performance

Isgec Heavy Engineering is experiencing growth across most of its product lines, with strong demand from sectors such as:

• Metals (including steel)
• Oil and gas
• Automobiles
• Cement
• Core infrastructure

However, the company noted a muted demand for air pollution control equipment, particularly FGDs, due to recent government guidelines.

Future Outlook

The company remains optimistic about its future prospects, citing:

• Robust inquiry positions, including increased export inquiries
• Ongoing expansion of manufacturing capacity for various product lines
• Expected completion of the new manufacturing facility at Bhartoli by July 2026, with potential additional annual revenue of INR 225.00 crores

Isgec Heavy Engineering's management expressed confidence in the company's diverse portfolio and strategic investments, positioning it well to capitalize on the growing demand in the capital goods sector.

As the company continues to focus on high-growth areas and expand its manufacturing capabilities, it aims to strengthen its market position and drive sustainable growth in the coming years.

Isgec Heavy Engineering , a prominent player in the engineering and manufacturing sector, has successfully completed the incorporation of its wholly-owned subsidiary in Eswatini, marking a significant milestone in its African market expansion strategy.

Subsidiary Incorporation Completed

The company received confirmation on December 10, 2025, regarding the successful incorporation of Isgec Eswatini (Proprietary) Limited. This development follows the company's earlier announcement in November regarding its plans to establish a presence in the African nation.

Previous Strategic Initiatives

This incorporation is part of a broader strategic expansion plan that the company has been implementing. Earlier, the Board of Directors had approved several key initiatives including the establishment of this Eswatini subsidiary, a capital investment of Rs 87.00 crores for a Skid Modular Shop at the SEZ Dahej Factory, and support for its Canadian subsidiary Eagle Press Equipment through a CAD 2.00 million standby letter of credit.

Recent Financial Performance

The company's recent financial results showed mixed performance with quarterly net profit increasing by 0.67% while half-yearly profit declined by 0.55% compared to the previous year.

Market Expansion Strategy

The successful incorporation of the Eswatini subsidiary represents a concrete step in Isgec Heavy Engineering's international expansion strategy. This move positions the company to tap into the African market opportunities while complementing its existing operations in India and North America through its Canadian subsidiary.

The company has published this update on its official website, maintaining transparency with stakeholders about its expansion progress. This development demonstrates the company's commitment to executing its previously announced strategic plans and establishing a stronger global footprint in the engineering and manufacturing sector.