HEG FY26 results: ₹2,568.5 cr revenue, ₹3.40 dividend

Key announcement from the board

HEG Limited announced its financial results for the quarter and financial year ended March 31, 2026. Alongside the results, the company’s Board of Directors recommended a final dividend of ₹3.40 per equity share. The dividend is proposed on shares with a face value of ₹2 each. The company said the final dividend is subject to shareholder approval at the upcoming Annual General Meeting. This update matters for investors tracking payout signals from cyclical manufacturing businesses where earnings can swing sharply across quarters. It also gives a fresh set of annual numbers to compare against FY25, which the provided data shows was a weaker year for profitability.

FY26 performance snapshot

For the fiscal year ended March 31, 2026, HEG reported revenue from operations of ₹2,568.50 crore. Net profit for the year stood at ₹180.72 crore. These figures provide the headline view of the year, while other tables in the provided data offer historical context through FY25 and quarterly trends up to December 2025. The company’s board also reiterated the final dividend recommendation in the context of the FY26 results. No exceptional items were indicated in the quarterly and annual tables provided, where “Exceptional Items” is shown as zero across the periods displayed.

Dividend details and what is being proposed

HEG’s board recommended a final dividend of ₹3.40 per equity share for FY26. The company specified that each equity share has a face value of ₹2. The dividend will be paid only if shareholders approve it at the Annual General Meeting. Separately, the provided data also lists an earlier dividend of ₹1.80 declared on 13 Aug, 2025. Another dividend reference in the dataset mentions a dividend of ₹22.50 in the quarter ending March 2024, described alongside a dividend yield of 4.38% for that period.

Quarterly trend up to December 2025

Quarterly data in the provided tables shows how performance evolved through FY26 up to the December 2025 quarter. One quarterly result table (figures in ₹ crore) shows net sales rising from ₹477.07 crore in Dec 2024 to ₹655.66 crore in Dec 2025. The same table reports profit after tax of ₹98.32 crore in Dec 2024, a loss of ₹61.68 crore in Mar 2025, and profit after tax of ₹141.25 crore in Dec 2025. A separate “Quarterly Statement” table shows revenue at ₹823 crore in Dec 2025 and net profit at ₹207 crore, with EPS of 11 for that quarter. Additionally, a line in the dataset states: net profit rose 148.17% to ₹206.97 crore in the quarter ended December 2025 as against ₹83.40 crore during the previous quarter ended December 2024.

Annual history through FY25 (as provided)

A profit and loss table (figures in ₹ crore, EPS in ₹) provides annual numbers from Mar 2021 to Mar 2025. It shows net sales of ₹2,152.71 crore in Mar 2025, down from ₹2,394.90 crore in Mar 2024 and ₹2,467.24 crore in Mar 2023. Net profit is shown at ₹101.31 crore in Mar 2025, compared with ₹231.54 crore in Mar 2024 and ₹455.51 crore in Mar 2023. The same table lists adjusted EPS of ₹5.25 for Mar 2025, ₹12.00 for Mar 2024, and ₹23.60 for Mar 2023. Another summary table in the dataset lists FY 2024-25 revenue at ₹2,279 crore with revenue growth of -10.11% and net profit of ₹101 crore with profit growth of -56.24%.

Key figures table

Capital structure and market snapshot (as provided)

The dataset lists cash at ₹118.43 crore and debt at ₹584.86 crore. Promoter holding is stated at 56.28%. It also shows EPS (TTM) at ₹14.63 and ROE at 2.44% in one snapshot section. Elsewhere, the dataset states HEG’s return on equity is 8.2% and net margins are 15.2%, and that earnings have grown at an average annual rate of 11.1% while the “Electrical industry” saw earnings growing at 32.6% annually. Market capitalization is listed as ₹99.07 billion, which is ₹9,907 crore, and the indicated dividend yield is 0.35%. The P/E ratio (TTM) is shown as 49.50, and basic EPS (TTM) is shown as ₹10.20.

TTM income statement metrics included in the dataset

The provided TTM income statement table lists revenue at ₹25.15 billion, which normalises to ₹2,515 crore. It shows cost of revenue at ₹10.39 billion (₹1,039 crore) and gross profit at ₹14.76 billion (₹1,476 crore). Other expenses are listed at ₹10.94 billion (₹1,094 crore), and earnings at ₹3.81 billion (₹381 crore). The same block shows earnings per share (EPS) at 19.77, gross margin at 58.69%, net profit margin at 15.17%, and a debt-to-equity ratio of 13.8%.

Market impact and what investors will likely track

For investors, the FY26 headline numbers of ₹2,568.50 crore in revenue and ₹180.72 crore net profit set the baseline for assessing whether profitability is stabilising after the weaker FY25 shown in the dataset. The recommended final dividend of ₹3.40 per share is also a key datapoint because it signals the board’s stance on cash returns, subject to AGM approval. Quarterly trend tables up to December 2025 show volatility, including a loss in the March 2025 quarter in one dataset table, followed by stronger profits later in the year. With debt listed at ₹584.86 crore and cash at ₹118.43 crore in the snapshot, balance sheet monitoring remains relevant, particularly in periods when margins and sales are moving quarter to quarter.

Conclusion

HEG’s FY26 update reported revenue from operations of ₹2,568.50 crore and net profit of ₹180.72 crore for the year ended March 31, 2026. The board also recommended a final dividend of ₹3.40 per share on ₹2 face value equity shares, subject to shareholder approval at the AGM. Investors will now watch for the AGM outcome on the dividend and subsequent quarterly disclosures to see whether the profitability trend seen up to December 2025 carries forward.