HEG

HEG reported Q4 FY26 revenue of ₹569 croreCurrent reported value: ₹569 crore. No comparable prior figure is available in the source record. with EBITDA margin of 19%Current reported value: 19%. No comparable prior figure is available in the source record., up 200bps YoY, driven by 20% volume growthCurrent 20% volume growth. Reported change: +20% YoY. and cost control. However, a reported net loss of ₹189 crore was due to unrealized forex and investment losses. The company maintained >90% capacity utilizationCurrent >90% capacity utilization. Reported change: Flat YoY. at its expanded 100,000-ton plant. Management highlighted structural tailwinds from electric arc furnace (EAF) expansion globally, with ~100 million tons of new EAF capacity expected by 2030, driving incremental electrode demand of ~200,000 tonsCurrent 200,000 tons. Reported change: New.. HEG's expansion to 115,000 tons is on track for early 2028. Near-term headwinds include Middle East disruptions impacting sales mix and freight costs, and potential US anti-dumping duties. Guidance suggests EBITDA margins may dip to ~17-18% in H1 FY27 before recovering, with price hikes expected to offset cost inflation from H2.