The call ran from 1:59 PM to 3:14 PM IST (1 h 15 min).
Key takeaways
Q2 FY27 consolidated revenue ₹430 Cr (+144% YoY) and PAT ₹209 Cr, flattered by one-time transmission and insurance income; anode and graphene remain pre-commercial.
| Revenue growth | Revenue +144% YoY to ₹430 Cr; Q2 income partly one-time. |
|---|---|
| Margins | Q2 EBITDA margin 57%, H1 50%; one-time income inflates margin. |
| Order book | Graphene 90 t orders/LOIs vs 10 t pilot capacity; anode mostly pre-signing. |
| Demand visibility | Anode demand bullish; over 100,000 MT MOUs in advanced talks, not signed. |
| Management confidence | Over-optimistic; heavy forward-looking claims, deflects electrode questions. |
Growth
Revenue +144% YoY to ₹430 Cr; ~40% of power-segment EBITDA is one-time (transmission arrears, insurance), inflating Q2 margins.
Outlook
Capex ₹5,500 Cr; anode 44,000 MT by March 2029; steady-state group EBITDA margin 25-28%.
Risks
Graphite electrode sales down 20-23% QoQ left unanswered; anode plant 61% complete with first-year 35% utilisation assumed.
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
HEG Advanced Materials Q2 FY27 Results: Net Profit ₹306.1 Cr, Up 58.4% YoY
HEG Advanced Materials Ltd reported revenue from operations of ₹429.9 Cr (+144.4% YoY) and net profit of ₹306.1 Cr (+58.4% YoY) for Q2 FY27.
- Key figure
- Net profit ₹306.1 Cr · +58.4% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Expanding capacity to 115,000 tons by 2028; targeting 4-digit EBITDA for Greentech business by 2030.
Growth they described
Standalone EBITDA rose 38% YoY to ₹211 Cr; consolidated revenue increased 11% to ₹681 Cr.
Call details
| Company | HEG Advanced Materials Ltd |
|---|---|
| NSE symbol | HEGAM |
| ISIN | INE545A01024 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 5 November 2026 |
| Time | 2:00 PM IST |
| Length | 1 h 15 min |
HEG Advanced Materials Ltd: key numbers
- Share price
- ₹295.42
- Market cap
- ₹5,701 Cr
- Revenue (annual)
- ₹2,568 Cr
- Net profit (annual)
- ₹341.4 Cr
- P/E (TTM)
- 10.9×Sector 50.9×
- Promoter holding
- 60.72%+4.44% QoQ
- FII holding
- 3.61%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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