HEG HEG Q3 FY26 results (Oct–Dec 2025) and concall
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.
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What they filed
Q3 FY26: revenue up 37.2%, net profit up 149.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 568 | 478 | 537 | 613 | 699 +23% | 656 +37% |
| EBITDA | 97 | 67 | -61 | 106 | 118 +22% | 143 +113% |
| Net profit | 82 | 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.





