HEG Limited has informed the Exchange about Investor Presentation
HEG · price
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HEG Limited, a leading graphite electrode manufacturer, filed its Q1 FY26 investor presentation showing a strong recovery in profitability. Standalone revenue from operations rose to Rs. 612.78 crore (vs Rs. 571.46 crore in Q1 FY25), while profit after tax jumped nearly 27x to Rs. 71.80 crore from Rs. 2.58 crore. EBITDA margin expanded to 23% in Q1 FY26 versus 17% for full-year FY25, with PAT margin improving to 11% from 4%. The company announced a capacity expansion plan to scale from 100,000 to 115,000 tonnes at a capex of Rs. 650 crore, with commissioning targeted by end of January 2028, funded mainly through internal accruals. Industry outlook remains weak in the short term due to Chinese export pressure on steel and electrode prices, but long-term demand is supported by a global shift toward EAF-based steelmaking expected to add ~200,000 tonnes of electrode demand by 2030.
The sharp jump in Q1 profits and margin recovery signals a potential turnaround for HEG after a weak FY25, which may be viewed positively by investors. However, the weak global industry outlook and continued price pressure warrant caution on sustainability of these margins.