HEG Q3 PAT up 44%, 9M PAT more than doubles; guarantee for TACC and unit wind-up approved

Revenue Growth 20pctPat Growth 25pctRelated Party TransactionsContingent Liabilities IncreasedEmphasis Of MatterResults 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 posted Q3 FY26 standalone revenue of Rs 655.66 cr, up about 37% YoY. PAT rose 44% YoY to Rs 141.25 cr. For 9M FY26, revenue grew 22% to Rs 1,965 cr and PAT more than doubled to Rs 344 cr vs Rs 163 cr a year ago. Consolidated 9M PAT was Rs 455 cr. Board approved a corporate guarantee to SBI for wholly owned unit TACC's Rs 1,289 cr credit facilities, subscribed Rs 400 cr of TACC OCDs, and wound up the medical transcription unit of Bhilwara Infotechnology. No debt default in the quarter.

Likely market impact

Strong quarterly results show broad recovery. Subsidiary guarantee is a contingent liability until invoked. No debt defaults reported.