HEG Limited Earnings Summary — Q1 FY2027

• Consolidated Revenue from Operations saw double-digit growth of 11% YoY and 13% QoQ to ₹680.79 crore.
• The Board approved a proposed name change to 'HEG Advanced Materials Limited' to align with its strategy in specialized manufacturing and battery materials.
• Profitability was supported by a strong contribution from Associate companies, contributing ₹30.50 crore compared to a loss of ₹7.18 crore in the prior quarter.
• The Composite Scheme of Arrangement involving the demerger of the Graphite business is currently pending final approval/order from the NCLT Indore Bench.
• Operating performance remains healthy despite a significant mark-to-market loss of ₹21.43 crore on Graftech International Ltd investments during the quarter.
• Power segment operations remain seasonal, operating intermittently during Q1 based on irrigation and monsoon requirements.

Management is pivoting toward 'Advanced Materials' to leverage core strengths in specialized manufacturing and value-added materials, shifting from the broader 'Greentech' label used previously.

Improving

A recovery in operating margins and revenue growth, coupled with a strategic shift into advanced materials, indicates a transition from the recent cyclical trough.

The company is awaiting NCLT approval for its restructuring scheme while rebranding to better reflect its long-term strategy in high-value materials and lithium-ion battery anodes.