Graphite electrode maker HEG Ltd reported a net loss of ₹113.7 crore for the fourth quarter, representing a significant increase from the loss of ₹73.7 crore recorded in the corresponding period last year. According to reports from CNBC TV18, the company's revenue demonstrated resilience with a 12.4% year-on-year growth to ₹603.2 crore compared with ₹536.6 crore in the same period last year. However, the company's operational performance showed deterioration as EBITDA loss widened to ₹148.1 crore in the March quarter from a loss of ₹50.7 crore in the year-ago period.
HEG has recommended a final dividend of ₹3.40 per equity share of face value ₹2 each for the financial year 2025–26, subject to shareholder approval at the ensuing annual general meeting. As reported by CNBC TV18, the dividend will be paid or dispatched within 30 days from the date of the AGM. The company's board has also approved the continuation of Shekhar Agarwal as a non-executive non-independent director, subject to shareholder approval through a special resolution.
Shares of HEG Ltd ended at ₹659.35, up by ₹0.15, or 0.023%, on the BSE on April 29, according to CNBC TV18 reports. The modest gain came despite the company's mixed quarterly results, with revenue growth offset by widening losses and EBITDA deterioration during the quarter.
