HEG Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
HEG reported Q1 FY27 standalone revenue of INR681 crores, up 11% year-on-year, with standalone EBITDA rising 38% to INR211 crores and margins expanding to 29% from 23%. Management attributed the improvement to better realization from product and geographic mix, cost discipline and operational efficiency, despite a marginal decline in volumes and capacity utilization above 90%. Management also discussed the ongoing demerger of the Advanced Materials business, progress on the TACC anode project and Bhilwara Energy's hydro and solar plans, and rising needle coke costs expected to affect the P&L later in the year.
HEG reported FY26 revenue growth of 20% in volume with revenue rising from Rs 2,153 crore to Rs 2,569 crore and EBITDA margin improving from 17% to 19%. The company posted a Q4 net loss of Rs 189 crore mainly due to unrealized fair value losses on its GrafTech investment and rupee depreciation. Management discussed capacity utilization above 90%, ongoing expansion to 115,000 tons of electrode capacity, and progress on the composite scheme of arrangement pending NCLT approval.