HEG Limited delivered robust financial results for Q1 FY27, with consolidated net profit rising 16.7% year-on-year to ₹122.34 crore compared to ₹104.82 crore in the corresponding period last year. Revenue from operations grew 11.1% to ₹680.79 crore, up from ₹612.78 crore a year ago, reflecting steady growth in the core graphite electrode business. The standout performance came from EBITDA, which climbed 42.5% year-on-year to ₹150.6 crore, significantly outpacing revenue growth. EBITDA margin expanded to 22.1% from 17.3% in the year-ago quarter, demonstrating improved profitability. The company's core graphite segment generated revenue of ₹677.7 crore, compared with ₹609 crore in Q1 FY26, continuing to account for nearly all of HEG's revenue base.
HEG shares surged 13% to an intraday high of ₹675.90 following the strong quarterly results, reflecting strong investor confidence in the company's performance. The stock was trading near ₹639.1 apiece on NSE, up from its previous close at ₹598.8. The stock has demonstrated strong momentum over the past year, gaining over 20% in the past month and 21% in the past six months, while advancing 2.4% from the beginning of the year. HEG has a total market capitalisation of ₹12,338.02 crore as of July 23, 2026. ICICI Securities remains constructive on HEG over the long term, supported by the global transition to EAF-based steelmaking and its entry into the graphite anode market with end application in EV.
On the operational front, revenue from the graphite segment, the company's core business, grew 11.27% year-on-year to ₹677.65 crore in Q1 FY27, accounting for the bulk of total revenue. In contrast, revenue from the power segment declined 16.93% year-on-year to ₹3.14 crore during the quarter. HEG is India's leading graphite electrode manufacturer and has one of the largest integrated graphite electrode plants in the world, processing sophisticated UHP (ultra high power) electrodes. The company's profit before tax (PBT) increased 28.18% to ₹134.58 crore during the June quarter compared with the year-ago period. HEG Limited is a leading manufacturer of graphite products, which accounts for 80% of its revenue. The company has the largest integrated graphite plant in the world, located at Mandideep near Bhopal, Madhya Pradesh, with an annual capacity of 100,000 MT of UHP-grade electrodes.
The board of HEG Limited has approved the application for reservation of the proposed name 'HEG Advanced Materials Limited' at its meeting held on 22 July 2026. According to reports from CNBC TV18, the Ministry of Corporate Affairs has reserved the proposed name for 60 days from the date of approval. The name change is conditional upon and shall become effective concurrently with the Scheme becoming fully effective. Additionally, the HEG board approved the demerger of the company into two distinct and focused listed entities: the graphite electrode business, which will continue as a global cost leader well positioned to capture the EAF super-cycle, and the HEG Greentech platform, which will bring together a portfolio of high-growth, energy-transition businesses. The HEG Greentech platform is proposed to be listed as India's first manufacturing-led, research-driven battery components and applications company. The company has re-evaluated its post-restructuring focus to better align with its core strengths in advanced manufacturing, specialised capabilities and value-added materials, with the proposed name intended to more accurately reflect its business profile for customers, investors and stakeholders globally.
