HEG profit jumps; Rs633 crore TACC funding and GST notices

Emphasis Of MatterRevenue Growth 20pctRevenue DeclinePat Growth 25pctRelated Party TransactionsContingent Liabilities IncreasedResults View source PDF Explain this filing

HEG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+2.2%Reaction day

₹518.05

prior close

₹540.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%+2.4% vs market

Electrodes & Refractories peers, median of 10sector-0.2%+2.5% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Smallcap 250 and 2.5 pts more 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

Stock

-0.5

10m

-0.8

15m

+1.3

30m

+2.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.2-0.1+2.4-0.2+2.5

Next day

+0.7+0.6+0.1+0.9-0.2

-0.7+0.2-0.9+1.8-2.5

-0.5+0.4-0.9+2.0-2.6

-1.6+1.0-2.6+2.0-3.6

-0.4+0.0-0.4+1.3-1.8

-0.7-0.5-0.2+2.4-3.1

15d

+0.7-1.9+2.6+0.4+0.3

+3.1-4.5+7.5-2.5+5.6

+10.3-5.4+15.7-5.3+15.6

+1.6-3.8+5.4+2.7-1.1

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

Quarterly Group revenue fell 38.6% to Rs699.22 crore, but profit after tax was Rs142.19 crore versus a Rs0.23 crore loss. Half-year revenue rose 132% to Rs1,315.15 crore and profit rose 202% to Rs248.16 crore. HEG approved up to Rs633 crore of debentures from subsidiary TACC that can convert into shares. GST notices seek Rs282.34 crore per period for two years. The review found no material misstatement but flagged BEL hydro delays.

Likely market impact

Profit improved despite weaker sales, but investment gains helped. High borrowings and the possible GST demand could weigh on sentiment.