ISGEC Heavy Engineering Reports Strong Q3FY26 Results, Announces ₹350.6 Crore Expansion
ISGEC Heavy Engineering reported robust Q3FY26 financial performance with significant revenue and profit growth, alongside strategic capacity expansion investments worth ₹350.6 crore. The company has strengthened its leadership team through key management re-appointments and maintains strong market position with diversified order book across multiple industrial sectors.

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ISGEC Heavy Engineering Limited announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025, alongside significant capacity expansion plans and key management re-appointments. The company's board meeting held on February 09, 2026, approved multiple strategic initiatives aimed at strengthening its market position.
Financial Performance Q3FY26
The company delivered robust financial performance during the third quarter of FY26. Revenue from operations reached ₹132,690 lakhs compared to ₹111,920 lakhs in the corresponding quarter of the previous year, representing significant growth. Net profit for the quarter stood at ₹7,517 lakhs, up from ₹5,866 lakhs in Q3FY25.
| Financial Metric: | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹132,690 lakhs | ₹111,920 lakhs | +18.50% |
| Net Profit | ₹7,517 lakhs | ₹5,866 lakhs | +28.10% |
| Earnings per Share | ₹10.22 | ₹7.98 | +28.10% |
| Total Income | ₹136,527 lakhs | ₹112,776 lakhs | +21.10% |
For the nine months ended December 31, 2025, the company reported revenue from operations of ₹355,383 lakhs and net profit of ₹24,613 lakhs, with earnings per share of ₹33.47.
Segment Performance Analysis
The company operates through two primary segments: Manufacturing of Machinery & Equipment and Industrial Projects. The Manufacturing segment generated revenue of ₹49,082 lakhs in Q3FY26, while the Industrial Projects segment contributed ₹92,372 lakhs during the same period.
| Business Segment: | Q3FY26 Revenue | Q3FY25 Revenue |
|---|---|---|
| Manufacturing of Machinery & Equipment | ₹49,082 lakhs | ₹42,867 lakhs |
| Industrial Projects | ₹92,372 lakhs | ₹74,086 lakhs |
Major Capacity Expansion Initiatives
The board approved substantial capacity expansion investments totaling ₹350.6 crore across three key areas:
| Expansion Project: | Investment Amount | Timeline | Purpose |
|---|---|---|---|
| New Machining Shop for Iron Foundry Division | ₹22.6 crore | 12-15 months | Machined castings production |
| Machine Building Division Expansion | ₹218 crore | 15-18 months | Increase capacity by ₹375 crore turnover |
| Process Skids & Modules Facility Enhancement | ₹110 crore | 30 months | 6,000 metric tons annual capacity |
The Process Skids & Modules facility investment was revised upward from the previously approved ₹87 crore to ₹110 crore to accommodate larger manufacturing requirements and expected business growth.
Strong Order Book Position
The company maintains a robust consolidated order book of ₹87,090 million as of December 31, 2025. The order book demonstrates strong diversification across multiple sectors including refineries, power, steel, cement, aluminium, railways, fertilizer, mines, ports, oil & gas, chemical, space, automobile, defence, sugar, distillery, and paper industries.
Management Re-appointments
The board approved the re-appointment of key management personnel for five-year terms, subject to shareholder approval through postal ballot:
| Position: | Name | Term Period |
|---|---|---|
| Managing Director | Aditya Puri (Promoter) | May 01, 2026 to April 30, 2031 |
| Joint Managing Director | Kishore Chatnani (Non-Promoter) | June 28, 2026 to June 27, 2031 |
| Joint Managing Director | Sanjay Gulati (Non-Promoter) | June 28, 2026 to June 27, 2031 |
| Non-executive Independent Director | Arvind Sagar | June 28, 2026 to June 27, 2031 |
Kishore Chatnani will continue his role as Chief Financial Officer alongside his Joint Managing Director responsibilities, while Sanjay Gulati will maintain his position as Head of Manufacturing Units.
Regulatory Compliance and Publication
The company has fulfilled its regulatory obligations under SEBI Listing Regulations by publishing its Q3FY26 financial results in leading newspapers. The unaudited financial results were published in Business Line (English daily) and Hari Bhoomi (Hindi daily) on February 10, 2026, ensuring compliance with disclosure requirements.
| Publication Details: | Information |
|---|---|
| English Publication | Business Line - February 10, 2026 |
| Hindi Publication | Hari Bhoomi - February 10, 2026 |
| Compliance Officer | Kalyan Ghosh (Membership No. A10790) |
| Website Disclosure | www.isgec.com |
Consolidated Results Overview
On a consolidated basis, the company reported revenue from operations of ₹173,856 lakhs for Q3FY26 and net profit of ₹8,444 lakhs from continuing and discontinued operations. The consolidated results include performance from 19 subsidiaries and one associate company across various business segments including sugar and ethanol operations. The company recorded an exceptional item of ₹1,403 lakhs in Q3FY26 related to the implementation of new labor codes.
Historical Stock Returns for Isgec Heavy Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.72% | +7.59% | +20.59% | -10.18% | -10.05% | +55.11% |


































