HEG Says On Track To Meet Growth Forecast
HEG Ltd. believes it is on track to meet its growth forecast.
The graphite electrode maker's realisation will improve sequentially, Chairman and Managing Director Ravi Jhunjunwala told BloombergQuint in a post-earnings interaction.
āRamping up of production will lead to growth in volumes.ā The company also is looking for opportunities in carbon fields, Jhunjunwala said.
The use of highly-polluting needle coke led to a crackdown in China to curb winter pollution. A supply crunch pushed graphite electrode prices higher, helping companies like HEG. On demand side, things are driven by China's environment concerns, Jhunjunwala said. āChina's closure of polluting steel plants changed the scenario.ā
Key Q1 Earnings Highlights (YoY)
- Revenue was up 7.7 times at Rs 1,587.4 crore.
- Net profit stood at Rs 770.3 crore against a net loss of Rs 8.4 crore.
- Earnings before interest, tax, depreciation and amortisation stood at Rs 1,188 crore compared with Rs 23.4 crore.
- Margin came at 74.8 percent against 11.4 percent.
Shares of HEG extended gains for the fourth straight session. The stock rose as much as 5 percent to hit a new all-time high at Rs 4,559.80 apiece.
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
