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Graphite electrode maker HEG Ltd on Tuesday (February 10) reported a net profit of ₹207 crore for the third quarter, about 2.5 times higher than ₹83.4 crore in the corresponding period last year.
Revenue for the quarter increased 37.2% year-on-year to ₹656.3 crore from ₹478.4 crore.
EBITDA stood at ₹141.9 crore in Q3, up 78.4% from ₹79.6 crore reported in the same quarter last year. EBITDA margin for the quarter came in at 21.6%, compared with 16.6% in the year-ago period.
HEG said its board has approved the grant of a corporate guarantee in favour of State Bank of India for credit facilities to be availed by TACC Limited, a wholly owned subsidiary of the company. The guarantee will be provided to support the borrowing by TACC Limited from the lender.
Also Read: HEG shares surge 12% after strong Q1 results — Key factors aiding the upmove
The Board also took note of the allotment of 4,00,00,000 unlisted and unsecured optionally convertible debentures (OCDs) of face value ₹100 each by TACC Limited. The total subscription amount stands at ₹400 crore. This is in continuation of earlier intimations dated November 10, 2025 and January 9, 2026.
Further, the Board, based on the recommendation of the Audit Committee, approved the winding up and discontinuation of the medical transcription business of Bhilwara Infotechnology Ltd, a wholly owned subsidiary of the company. The winding up will be effective from March 1, 2026, subject to the subsidiary obtaining approvals from applicable regulatory authorities and departments.
The Board has also approved the transfer of the 51% equity stake held by Bhilwara Energy Limited, an associate company of HEG, in Malana Power Company Limited to Chango Yangthang Hydro Power Ltd, a wholly owned subsidiary of Bhilwara Energy Ltd. The transfer is subject to Bhilwara Energy Ltd obtaining shareholder approval and other applicable approvals, if any.
Also Read: HEG shares gain as much as 12% after strong Q2, snap five-day losing streak
Shares of HEG Ltd ended at ₹557.00, up by ₹11.45, or 2.10%, on the BSE.
Revenue for the quarter increased 37.2% year-on-year to ₹656.3 crore from ₹478.4 crore.
EBITDA stood at ₹141.9 crore in Q3, up 78.4% from ₹79.6 crore reported in the same quarter last year. EBITDA margin for the quarter came in at 21.6%, compared with 16.6% in the year-ago period.
HEG said its board has approved the grant of a corporate guarantee in favour of State Bank of India for credit facilities to be availed by TACC Limited, a wholly owned subsidiary of the company. The guarantee will be provided to support the borrowing by TACC Limited from the lender.
Also Read: HEG shares surge 12% after strong Q1 results — Key factors aiding the upmove
The Board also took note of the allotment of 4,00,00,000 unlisted and unsecured optionally convertible debentures (OCDs) of face value ₹100 each by TACC Limited. The total subscription amount stands at ₹400 crore. This is in continuation of earlier intimations dated November 10, 2025 and January 9, 2026.
Further, the Board, based on the recommendation of the Audit Committee, approved the winding up and discontinuation of the medical transcription business of Bhilwara Infotechnology Ltd, a wholly owned subsidiary of the company. The winding up will be effective from March 1, 2026, subject to the subsidiary obtaining approvals from applicable regulatory authorities and departments.
The Board has also approved the transfer of the 51% equity stake held by Bhilwara Energy Limited, an associate company of HEG, in Malana Power Company Limited to Chango Yangthang Hydro Power Ltd, a wholly owned subsidiary of Bhilwara Energy Ltd. The transfer is subject to Bhilwara Energy Ltd obtaining shareholder approval and other applicable approvals, if any.
Also Read: HEG shares gain as much as 12% after strong Q2, snap five-day losing streak
Shares of HEG Ltd ended at ₹557.00, up by ₹11.45, or 2.10%, on the BSE.
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