HEG Ltd
HEG Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Sales volume increased by 20% in the recent year, with more than 90% capacity utilization, indicating strong operational performance. HEG Limited expects EBITDA margins to sustain around 20% in FY27-28, with 15-20% margins in the first two quarters of FY27.
From HEG Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Sales volume increased by 20% in the recent year, with more than 90% capacity utilization, indicating strong operational performance.
- Revenue grew from INR 2,153 crores to INR 2,569 crores, supported by higher volumes and better control on input costs.
- EBITDA margins improved from 17% to 19%, and net profit rose 79% to INR 181 crores.
- Management targets sustaining EBITDA margins around 20% for FY27-28.
- Pricing increases are being implemented for unbooked orders, especially from H2 FY27, to offset rising input costs (energy, freight).
- New contracts are booked until September, with ongoing efforts to negotiate higher prices for subsequent periods.
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Profitability & Margins
See what HEG Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- HEG Limited has recently expanded its electrode capacity from 80,000 to 100,000 tons.
- A further expansion to 115,000 tons is underway, expected to be operational by early 2028.
- This expansion aims to serve incremental global demand at a competitive cost.
- The company remains committed to a long-term investment in GrafTech, a leading graphite company with substantial backward integration in needle coke production.
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- HEG Limited has a nearly full order book booked up until September 2026.
- New inquiries are coming in regularly every few days to 10 days.
- For unbooked orders, the company is pricing them to reflect increased costs, aiming for price increases towards the second half of the year.
- Orders from the Middle East have been postponed due to regional disruptions but will be shipped once the situation normalizes.
- Capacity utilization for the year is over 90%, with about 94-95% utilization in Q4 on production.
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HEG Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹603 Cr, net loss ₹114 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What HEG Advanced Materials Ltd's management said in earlier quarters
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Frequently Asked Questions
What were HEG Ltd Q4 FY26 results?
Sales volume increased by 20% in the recent year, with more than 90% capacity utilization, indicating strong operational performance. HEG Limited expects EBITDA margins to sustain around 20% in FY27-28, with 15-20% margins in the first two quarters of FY27.
What is HEG Ltd share price analysis?
HEG Ltd currently shows a neutral. The stock trades at a P/E of 37.4 with a market cap of ₹13,242 Cr. Investors should review the full earnings analysis for detailed insights.
Is HEG Ltd planning capital expenditure?
HEG Limited has recently expanded its electrode capacity from 80,000 to 100,000 tons.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.