Integrated Filing — IndAS



General information about company
Scrip Code 533033
NSE Symbol ISGEC
MSEI Symbol NOTLISTED
ISIN INE858B01029
Name of company Isgec Heavy Engineering Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 17-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 29-May-2025   10:50:00
End date and time of board meeting 29-May-2025   14:53:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 17444000000 64222800000
Other income 26300000 393400000
Total income 17470300000 64616200000
2 Expenses
(a) Cost of materials consumed 6875000000 20109500000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -1970000000 -646500000
(d) Employee benefit expense 1414500000 5555600000
(e) Finance costs 133900000 393000000
(f) Depreciation, depletion and amortisation expense 115700000 1020300000
(f) Other Expenses
1 Cost of projects including buyouts 5388800000 18344800000
2 Erection & commissioning expenses 1677900000 6244300000
3 Other Expenses 2537300000 8821100000
Total other expenses 9604000000 33410200000
Total expenses 16173100000 59842100000
3 Total profit before exceptional items and tax 1297200000 4774100000
4 Exceptional items 0 0
5 Total profit before tax 1297200000 4774100000
6 Tax expense
7 Current tax 345900000 1291400000
8 Deferred tax -29300000 -74300000
9 Total tax expenses 316600000 1217100000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 980600000 3557000000
12 Profit (loss) from discontinued operations before tax -201500000 -916700000
13 Tax expense of discontinued operations 0 1800000
14 Net profit (loss) from discontinued operation after tax -201500000 -918500000
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 500000 700000
16 Total profit (loss) for period 779600000 2639200000
17 Other comprehensive income net of taxes -19000000 -38300000
18 Total Comprehensive Income for the period 760600000 2600900000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 711100000 2491900000
Total profit or loss, attributable to non-controlling interests 68500000 147300000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 692800000 2456200000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 67800000 144700000
21 Details of equity share capital
Paid-up equity share capital 73500000 73500000
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 27314200000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 12.4 46.37
Diluted earnings (loss) per share from continuing operations 12.4 46.37
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations -2.73 -12.48
Diluted earnings (loss) per share from discontinued operations -2.73 -12.48
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 9.67 33.89
Diluted earnings (loss) per share from continuing and discontinued operations 9.67 33.89
24 Debt equity ratio 0.0182 0.0182
25 Debt service coverage ratio 0.0073 0.0073
26 Interest service coverage ratio 0.1213 0.1515
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 9208300000
Capital work-in-progress 659300000
Investment property 0
Goodwill 100200000
Other intangible assets 424000000
Intangible assets under development 4400000
Biological assets other than bearer plants 0
Investments accounted for using equity method 16000000
Non-current financial assets
Non-current investments 0
Trade receivables, non-current 0
Loans, non-current 56000000
Other non-current financial assets 232100000
Total non-current financial assets 288100000
Deferred tax assets (net) 452500000
Other non-current assets 49100000
Total non-current assets 11201900000
2 Current assets
Inventories 14774700000
Current financial asset
Current investments 837900000
Trade receivables, current 28326400000
Cash and cash equivalents 923600000
Bank balance other than cash and cash equivalents 541300000
Loans, current 94200000
Other current financial assets 269800000
Total current financial assets 30993200000
Current tax assets (net) 19100000
Other current assets 12925200000
Total current assets 58712200000
3 Non-current assets classified as held for sale 10500500000
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 80414600000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 73500000
Other equity 27314200000
Total equity attributable to owners of parent 27387700000
Non controlling interest 1100500000
Total equity 28488200000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 2211800000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 134900000
Total non-current financial liabilities 2346700000
Provisions, non-current 539400000
Deferred tax liabilities (net) 322600000
Deferred government grants, Non-current 0
Other non-current liabilities 2006500000
Total non-current liabilities 5215200000
Current liabilities
Current financial liabilities
Borrowings, current 6219600000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 696600000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 11797000000
Total Trade payable 12493600000
Other current financial liabilities 1608700000
Total current financial liabilities 20321900000
Other current liabilities 21031300000
Provisions, current 1896500000
Current tax liabilities (Net) 243700000
Deferred government grants, Current 0
Total current liabilities 43493400000
3 Liabilities directly associated with assets in disposal group classified as held for sale 3217800000
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 51926400000
Total equity and liabilites 80414600000
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block
Textual Information(1) 1 Right of use ROU assets value is included with Property, plant and equipment PPE value n2 Lease liability value is included with Other Financial Liabilities, current as well as noncurrent



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Manufacturing of Machinery & Equipment 6672400000 25003400000
2 Industrial Projects 9826800000 34874100000
3 Sugar 1862600000 6770400000
4 Ethanol 670100000 2070000000
5 Unallocated 0 0
6 Profit before tax from discontinued operations 0 0
7 Classified as Held for sale 0 0
Total Segment Revenue 19031900000 68717900000
Less: Inter segment revenue 1587900000 1587900000
Revenue from operations 17444000000 64222800000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Manufacturing of Machinery & Equipment 691300000 2922200000
2 Industrial Projects 457300000 1606100000
3 Sugar 155400000 585300000
4 Ethanol 78700000 190800000
5 Unallocated 108000000 20500000
6 Profit before tax from discontinued operations -201000000 -916000000
7 Classified as Held for sale 0 0
Total Profit before tax 1289700000 4408900000
i. Finance cost 120300000 120300000
ii. Other Unallocable Expenditure net off Unallocable income 73200000 73200000
Profit before tax 1096200000 3858100000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Manufacturing of Machinery & Equipment 25882800000 25882800000
2 Industrial Projects 31974700000 31974700000
3 Sugar 6115100000 6115100000
4 Ethanol 2770100000 2770100000
5 Unallocated 4245100000 4245100000
6 Profit before tax from discontinued operations 0 0
7 Classified as Held for sale 10500500000 10500500000
Total Segment Asset 81488300000 81488300000
Un-allocable Assets -1073700000 -1073700000
Net Segment Asset 80414600000 80414600000
4 Segment Liabilities
Segment Liabilities
1 Manufacturing of Machinery & Equipment 16446200000 16446200000
2 Industrial Projects 26714100000 26714100000
3 Sugar 3183100000 3183100000
4 Ethanol 1190100000 1190100000
5 Unallocated 2248800000 2248800000
6 Profit before tax from discontinued operations 0 0
7 Classified as Held for sale 3217800000 3217800000
Total Segment Liabilities 53000100000 53000100000
Un-allocable Liabilities -1073700000 -1073700000
Net Segment Liabilities 51926400000 51926400000
Disclosure of notes on segments Textual Information(2)



Text Block
Textual Information(2) 1 Other unallocable expenditure net of unallocable income represents Inter Segment Interest n2 Unallocable assets and liabilities represents Inter Segment Assets and Liabilities respectively n3 Engineering Procurement and Construction segment is renamed as Industrial Projects as it more accurately describes the nature of business of the segment. There is no change in the composition of the segment and has no effect on the financial information of the segment n4 The Ethanol Plant at Philippines, which was under construction, has been classified as held for sale



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit or loss -12800000 -36800000
Total Amount of items that will not be reclassified to profit and loss -12800000 -36800000
2 Income tax relating to items that will not be reclassified to profit or loss 13700000 -9300000
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to profit or loss 19300000 9700000
2 Other comprehensive income from discontinued operations -11800000 -20500000
Total Amount of items that will be reclassified to profit and loss 7500000 -10800000
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -19000000 -38300000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 4774100000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 652200000
Adjustments for decrease (increase) in inventories -814200000
Adjustments for decrease (increase) in trade receivables, current 659200000
Adjustments for decrease (increase) in trade receivables, non-current 690100000
Adjustments for decrease (increase) in other current assets -1623400000
Adjustments for decrease (increase) in other non-current assets 223500000
Adjustments for other financial assets, non-current -9800000
Adjustments for other financial assets, current 71800000
Adjustments for other bank balances -75700000
Adjustments for increase (decrease) in trade payables, current -1689100000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -2233600000
Adjustments for increase (decrease) in other non-current liabilities 510600000
Adjustments for depreciation and amortisation expense 1151000000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 700000
Adjustments for provisions, current 120200000
Adjustments for provisions, non-current -3500000
Adjustments for other financial liabilities, current 374500000
Adjustments for other financial liabilities, non-current 300000
Adjustments for unrealised foreign exchange losses gains -61700000
Adjustments for dividend income 0
Adjustments for interest income 66300000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) -916000000
Other adjustments for non-cash items 350800000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships -700000
Total adjustments for reconcile profit (loss) -2689100000
Net cash flows from (used in) operations 2085000000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 998900000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 1086100000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 24683500000
Other cash payments to acquire equity or debt instruments of other entities 25369200000
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 59200000
Purchase of property, plant and equipment 2398800000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 10700000
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 70000000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 600000
Net cash flows from (used in) investing activities -2965400000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 24500000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 2327900000
Repayments of borrowings -163700000
Payments of lease liabilities 71300000
Dividends paid 322300000
Interest paid 1038500000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 1084000000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -795300000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 300300000
Net increase (decrease) in cash and cash equivalents -495000000
Cash and cash equivalents cash flow statement at beginning of period 1426200000
Cash and cash equivalents cash flow statement at end of period 931200000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 SCV & Co. LLP Yes 28-Feb-2027