HEG Limited Reports ₹740.4 Crore Revenue and ₹156.5 Crore Profit

HEG Graphite Limited, renamed as HEG Limited, reported unaudited revenue of ₹740.4 crore and net profit of ₹156.5 crore for the quarter ended September 30, 2026, with profit increasing 29.7% year on year. The disclosure matters because HEG Limited is the resulting company under a composite scheme of arrangement and remains pending an equity listing.

What did HEG Limited report for the September quarter?

HEG Limited disclosed unaudited financial results for the quarter and half year ended September 30, 2026. Revenue for the September quarter stood at ₹740.4 crore, while net profit was ₹156.5 crore. The company reported that net profit increased 29.7% from the corresponding quarter of the previous year.

The results were communicated by HEG Advanced Materials Ltd, which identified HEG Limited as the resulting company under the composite scheme of arrangement. The filing was made with BSE and NSE and stated that the attached financial results had been certified by SCV & Co. LLP.

The available disclosure does not provide a separate year-on-year revenue growth rate, operating-profit figure, earnings per share, or detailed expense break-up for HEG Limited's September quarter. As a result, the reported revenue and profit are the principal financial measures available from the announcement.

Why were HEG Limited's results disclosed through HEG Advanced Materials?

HEG Advanced Materials Ltd communicated the results because HEG Limited is the resulting company under a composite scheme of arrangement. The announcement describes HEG Graphite Limited as having been renamed HEG Limited and identifies it as the resulting company for the purpose of the arrangement.

The filing said the unaudited results were being disclosed before HEG Limited's equity listing. It also characterised the disclosure as part of an interim arrangement while listing approval remains pending. This distinction is important for investors because the figures relate to HEG Limited rather than to the separately reported financial results of HEG Advanced Materials.

The communication did not state an effect on the valuation of HEG Advanced Materials or on dividends. It also did not provide a timetable for HEG Limited's eventual listing. Investors therefore have a financial update on the resulting company, but not confirmation of the next listing-related milestone.

How do these figures differ from HEG Advanced Materials' reported June-quarter data?

HEG Advanced Materials reported revenue of ₹680.79 crore and net profit of ₹122.34 crore for Q1 FY27 in the quarterly-results summary provided. Those figures were accompanied by reported year-on-year growth of 11.10% for revenue and 16.71% for net profit.

The June-quarter information should not be treated as a direct sequential comparison with HEG Limited's September-quarter disclosure. The source presents the results under different entities in the context of the composite scheme, and it does not provide a reconciliation between the two reported sets of financial data.

The Q1 summary also showed operating profit of ₹150.58 crore, profit before depreciation and tax of ₹214.67 crore, and profit before tax of ₹165.08 crore. These metrics were supplied for HEG Advanced Materials' Q1 result summary, whereas the September-quarter release for HEG Limited principally disclosed revenue and net profit.

What is HEG Advanced Materials' board considering on November 3?

HEG Advanced Materials said its board was scheduled to meet on November 3, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The board agenda also includes implementation of the HEG Advanced Materials Limited Employee Stock Option Plan 2026 and other business matters.

The scheduled board meeting is separate from HEG Limited's disclosed unaudited results. The distinction matters because the October 30 communication concerned the resulting company, while the November 3 meeting concerns HEG Advanced Materials' own results and corporate actions.

Market data supplied with the results page showed HEG Advanced Materials at ₹246.11 on NSE and ₹246.80 on BSE on November 2, 2026. The supplied material does not attribute any price movement to the HEG Limited disclosure, and it gives no indication of a valuation or dividend impact from the interim results.

How does the disclosure affect investors and the listing process?

The disclosure gives shareholders and market participants an unaudited view of HEG Limited's September-quarter performance before its equity listing. Revenue of ₹740.4 crore and net profit of ₹156.5 crore provide the central reported measures, while the 29.7% year-on-year increase in profit indicates that earnings were higher than in the corresponding prior-year quarter.

At the same time, the filing leaves key matters unresolved. It does not state when HEG Limited will list, how the financial statements will be reflected after the arrangement is completed, or whether any valuation or dividend consequence will arise for HEG Advanced Materials. The absence of those details limits conclusions beyond the reported quarter's financial performance.

For the wider graphite and advanced-materials ecosystem, the filing is primarily a corporate-structure disclosure rather than a sector-wide demand or pricing indicator. It contains no verified statement on graphite prices, order volumes, capacity, customer demand, or industry margins. Any assessment of those factors would require further company disclosures.

Conclusion

HEG Limited's unaudited September-quarter results show revenue of ₹740.4 crore and net profit of ₹156.5 crore, with profit up 29.7% year on year. The information is significant because it provides a financial update on the resulting company under the composite scheme before the company becomes listed.

The next disclosed event is HEG Advanced Materials' board meeting on November 3, 2026, for its own September-quarter and half-year results and the proposed employee stock option plan. Investors will also watch for a confirmed timetable or regulatory update on HEG Limited's pending equity listing.