HEG Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

Pat Growth 25pctEbitda Margin ExpansionRelated Party TransactionsResults View source PDF Explain this filing

HEG · price

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Price reactionminutes from the announcement price · days from the prior close

-9.8%Reaction day

₹658.75

prior close

₹608.40

announcement price

After-mkt

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.4%-9.4% vs market

Electrodes & Refractories peers, median of 10sector+0.4%-10.2% vs sector

On the reaction day the stock moved 9.4 pts less than Nifty Smallcap 250 and 10.2 pts less than its Electrodes & Refractories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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15d

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UpDownMarket · Nifty Smallcap 250Sector · Electrodes & Refractories peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

HEG Limited reported standalone revenue of Rs 2,568.50 crore for FY2026, up 19.3% from Rs 2,152.71 crore in FY2025. Profit after tax grew 66.6% to Rs 246.40 crore from Rs 147.82 crore year earlier. EBITDA margin expanded from approximately 6.9% to 11.3%, reflecting improved operational efficiency. The Board recommended a final dividend of Rs 3.40 per equity share. The statutory auditor issued an unmodified opinion. The Composite Scheme of Arrangement between HEG Graphite Limited, HEG Limited, and Bhilwara Energy Limited is pending shareholder approval on May 5, 2026. Additional provisions of Rs 10.67 crore were recognized due to implementation of new labour codes.

Likely market impact

Strong bottom-line growth with PAT up 67% and margin expansion signals operational improvement. The clean audit opinion removes key risk concerns. However, the Rs 239 crore corporate guarantee for subsidiary TACC Limited increases contingent liability exposure for shareholders to monitor.