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HEG Revenue History — Quarter by Quarter

HEG's revenue moved from ₹699 Cr in Q2 FY26 to ₹603 Cr in Q4 FY26, a -13.7% change over 3 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

QuarterRevenue (₹ Cr)YoY Change
Q4 FY26₹603 Cr—
Q3 FY26₹656 Cr+38%
Q2 FY26₹699 Cr+22.7%

What management said about revenue

G

Q4 FY26 · Price hikes for uncommitted volumes

HEG is offering increased prices for uncommitted volumes from H2 FY27, aiming to offset cost inflation from energy and freight.

G

Q3 FY26 · 50-60% of next year's volumes already contracted at similar pricing

Annual contracts for 2026 largely settled; realizations expected to remain similar to recent quarters.

G

Q2 FY26 · Green tech revenue to double in FY27 vs FY26

Revenue from green tech businesses (anode, BESS, IPP) expected to double in FY27 as projects become operational.