HEG Q3 FY26: PAT up 44% YoY, revenue jumps 37%, board clears multiple actions

Revenue Growth 20pctPat Growth 25pctEmphasis Of MatterRelated 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

-5.6%Reaction day

₹557.50

prior close

₹594.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%-5.7% vs market

Electrodes & Refractories peers, median of 10sector-1.3%-4.3% vs sector

On the reaction day the stock moved 5.7 pts less than Nifty Smallcap 250 and 4.3 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

Stock

-3.6

10m

-4.7

15m

-5.5

30m

-9.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.6+0.1-5.7-1.3-4.3

Next day

-4.8-0.6-4.1-1.8-3.0

-5.8-2.2-3.6-4.5-1.3

-4.7-2.3-2.5-5.6+0.9

-6.0-1.5-4.4-5.2-0.8

-0.9-1.0+0.1-5.2+4.3

+0.3-2.4+2.6-8.1+8.4

15d

-2.8-5.4+2.6-12.8+10.0

-5.8-6.3+0.5-12.1+6.4

+1.3-4.0+5.4-9.7+11.1

+5.9+5.5+0.4-4.9+10.8

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 reported Q3 FY26 standalone revenue of Rs 655.66 crores, up 37% YoY from Rs 477.07 crores. PAT rose 44% YoY to Rs 141.25 crores. 9M FY26 PAT grew to Rs 343.91 crores versus Rs 162.99 crores a year ago. Board approved Rs 2,189 crore corporate guarantee for subsidiary TACC to SBI, Rs 400 crore OCD subscription in TACC, winding up of medical transcription unit of Bhilwara Infotechnology, and transfer of 51 percent stake in Malana Power from associate Bhilwara Energy. Auditor flagged emphasis of matter on associates hydro projects on hold.

Likely market impact

Strong earnings beat with revenue and PAT up sharply YoY. Contingent liability rises via TACC guarantee. Hydro project concerns flagged.