Sales of Manufactuirng of Machinery & Equipment segment has gone down 3.10% to Rs 541.93 crore (accounting for 31.15% of total sales).  Sales of Engineering, Procurement and Construction segment has gone down 1.85% to Rs 981.50 crore (accounting for 56.42% of total sales).  Sales of Sugar segment fell 24.66% to Rs 168.66 crore (accounting for 9.70% of total sales).  Inter-segment sales came down from Rs 160.73 crore to Rs 145.46 crore.  

Profit before interest, tax and other unallocable items (PBIT) has slumped 37.00% to Rs 79.54 crore.  PBIT of Manufactuirng of Machinery & Equipment segment fell 44.58% to Rs 41.86 crore (accounting for 52.63% of total PBIT).  PBIT of Engineering, Procurement and Construction segment fell 13.03% to Rs 40.72 crore (accounting for 51.19% of total PBIT).  PBIT of Sugar segment fell 24.31% to Rs 9.53 crore (accounting for 11.98% of total PBIT).  PBIT of Ethanol (Plant Under Construction) segment fell 44.65% to Rs -12.57 crore (accounting for -15.80% of total PBIT).  

PBIT margin of Manufactuirng of Machinery & Equipment segment fell from 13.51% to 7.72%.  PBIT margin of Engineering, Procurement and Construction segment fell from 4.68% to 4.15%.  PBIT margin of Sugar segment rose from 5.62% to 5.65%.  PBIT margin of Ethanol (Plant Under Construction) segment fell from 197.50% to 26.44%.  Overall PBIT margin fell from 7.10% to 4.57%.  

Full year results analysis.

• Net sales (including other operating income) of ISGEC Heavy Engineering has increased 1.36% to Rs 5499.34 crore.  Operating profit margin has declined from 8.39% to 5.66%, leading to 31.56% decline in operating profit to Rs 311.36 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 23.02% to 27.96%.   Purchase of finished goods cost fell from 36.91% to 35.13%.   Employee cost increased from 7.22% to 7.60%.   Other expenses fell from 24.29% to 23.85%.   Other direct service cost fell from 11.19% to 10.93%.   Other income fell 74.42% to Rs 13.24 crore.  PBIDT fell 35.94% to Rs 324.6 crore.  Provision for interest rose 29.70% to Rs 65.16 crore.  Loan funds rose to Rs 1,233.19 crore as of 31 March 2022 from Rs 982.59 crore as of 31 March 2021.  Inventories rose to Rs 1,403.45 crore as of 31 March 2022 from Rs 1,152.81 crore as of 31 March 2021.  Sundry debtors were higher at Rs 2,151.83 crore as of 31 March 2022 compared to Rs 2,145.03 crore as of 31 March 2021.  Cash and bank balance declined from Rs 179.34 crore as of 31 March 2021 to Rs 136.46 crore as of 31 March 2022.  Investments rose to Rs 134.61 crore as of 31 March 2022 from Rs 60.06 crore as of 31 March 2021.  PBDT fell 43.17% to Rs 259.44 crore.  Provision for depreciation rose 0.50% to Rs 101.36 crore.  Fixed assets declined from Rs 1,673.59 crore as of 31 March 2021 to Rs 1,614.33 crore as of 31 March 2022.  Intangible assets increased from Rs 22.59 crore to Rs 64.31 crore.  Profit before tax down 55.55% to Rs 158.08 crore.  Share of profit/loss was 88.89% lower at Rs 0.02 crore.  Provision for tax was expense of Rs 43.11 crore, compared to Rs 102.74 crore.  Effective tax rate was 27.27% compared to 28.87%. Minority interest increased 18.20% to Rs 6.17 crore.  Net profit attributable to owners of the company decreased 56.09% to Rs 108.82 crore.  
• Sales of Manufactuirng of Machinery & Equipment segment has gone up 8.66% to Rs 1,698.24 crore (accounting for 29.24% of total sales).  Sales of Engineering, Procurement and Construction segment has gone down 1.63% to Rs 3,401.19 crore (accounting for 58.56% of total sales).  Sales of Sugar segment fell 14.03% to Rs 675.38 crore (accounting for 11.63% of total sales).  Sales of Ethanol (Plant Under Construction) segment has gone up 206.48% to Rs 33.13 crore (accounting for 0.57% of total sales).  Inter-segment sales came down from Rs 392.51 crore to Rs 310.86 crore.  
• Profit before interest, tax and other unallocable items (PBIT) has slumped 43.78% to Rs 242.14 crore.  PBIT of Manufactuirng of Machinery & Equipment segment fell 29.08% to Rs 116.65 crore (accounting for 48.17% of total PBIT).  PBIT of Engineering, Procurement and Construction segment fell 42.28% to Rs 99.49 crore (accounting for 41.09% of total PBIT).  PBIT of Sugar segment fell 32.80% to Rs 68.94 crore (accounting for 28.47% of total PBIT).  PBIT of Ethanol (Plant Under Construction) segment fell 393.56% to Rs -42.94 crore (accounting for -17.73% of total PBIT).  
• PBIT margin of Manufactuirng of Machinery & Equipment segment fell from 10.52% to 6.87%.  PBIT margin of Engineering, Procurement and Construction segment fell from 4.99% to 2.93%.  PBIT margin of Sugar segment fell from 13.06% to 10.21%.  PBIT margin of Ethanol (Plant Under Construction) segment fell from negative 80.48% to negative 129.61%.  Overall PBIT margin fell from 7.40% to 4.17%.  

Equity capital stood at Rs 7.35 crore as of 31 March 2022 to Rs 7.35 crore as of 31 March 2021.  Per share face Value remained same at Rs 1.00.  

Promoters’ stake was 62.43% as of 31 March 2022 ,compared to 62.43% as of 31 March 2021 .  

Cash flow from operating activities has turned negative Rs 70.30 crore for year ended March 2022 from positive Rs 227.82 crore for year ended March 2021.  Cash flow used in acquiring fixed assets during the year ended March 2022 stood at Rs 65.73 crore, compared to Rs 243.26 crore during the year ended March 2021.