Profit before tax surged 159.92% to Rs 125.80 crore in Q4 FY23 as against Rs 48.40 crore in Q4 FY22.

Total expenses jumped 24.13% year on year to Rs 1922.61 crore in Q4 FY23. Employee benefit expenses was at Rs 119.12 crore (up 1.445 YoY) while finance cost stood at Rs 17.49 crore (down 45.03% YoY) during the period under review.

Meanwhile, erections and commissioning expenses rose 2.7% to Rs 197 crore in Q4 FY23 as against Rs 191.83 crore in corresponding quarter last year.

EBITDA stood at Rs 170 crore in Q4 FY23, registering the growth of 58% as compared with Rs 107.6 crore recorded in corresponding quarter last year. EBITDA margin was at 8.3% in Q4 FY23 as against 6.7% in Q4 FY22.

On full year basis, the company's net profit jumped 80.56% to Rs 196.49 crore on 16.36% rise in revenue from operation to Rs 6,399.04 crore in Fy23 over FY22.

As on 31 March 2023, the order book stood at Rs 8,321 crore.

Meanwhile, the company's board has recommended a dividend of Rs 3 per equity share for FY23.

ISGEC Heavy Engineering is a diversified heavy engineering company. It manufactures process equipment, presses, iron & steel castings, and boiler pressure parts.

The scrip hit 52 week high of Rs 633.30 in intraday today.