HEG Q2 profit jumps sharply; GST notices seek Rs 564.68 crore

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

HEG · price

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

+2.2%Reaction day

₹518.05

prior close

₹540.00

announcement price

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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.

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AI summary

HEG's standalone Q2 revenue was Rs 696.85 crore and profit was Rs 130.86 crore, versus Rs 4.38 crore profit a year earlier. H1 profit reached Rs 202.66 crore. The board approved up to Rs 633 crore of optionally convertible debentures from subsidiary TACC and plans to sell a 26% stake in Texnere. GST notices seek Rs 282.34 crore for each of two years. Auditors found no material misstatement but highlighted two stalled hydro projects.

Likely market impact

Strong profit growth is positive, but the proposed GST recovery and large related-party funding commitment add risk and may cap gains.