Inve India ▾
HEHEG

HEG Q3 FY26 results (Oct–Dec 2025) and concall

Capital Goods · Concall AI · Call held 23 Jan 2026

HEG Limited presented its composite scheme of arrangement to demerge its graphite electrode business and establish HEG Greentech Limited, focusing on advanced battery materials, RE power generation, battery energy solutions, and hydro power. The new Greentech entity plans significant Capex of ₹7,700 crores by FY30, targeting a 20% IRR across its businesses, and will start with zero net debt. Management highlighted strong growth prospects in the clean tech sector, supported by competitive advantages and strategic acquisitions.

You’re reading a preview. Opening the full call uses 1 concall credit.

Sign in to use your monthly call allowance.

What they filed

Q3 FY26: revenue up 37.2%, net profit up 149.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue568 478 537 613 699 +23%656 +37%
EBITDA97 67 -61 106 118 +22%143 +113%
Net profit82 83 -74 105 143 +74%207 +149%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.