Heg Limited · NSE:HEG
Heg — Q1 FY2027 Earnings Presentation
20 slides from Heg's earnings presentation, Jul 23, 2026
Slide 1: Stock exchange cover letter for investor presentation
HEG/SECTT/2026 July 23, 2026 1 BSE Limited 2 National Stock Exchange of India Limited P J Towers Exchange Plaza, 5th Floor Dalal Street Plot No.C/1, G Block, Bandra - Kurla Complex MUMBAI - 400 001. Bandra (E), MUMBAI - 400 051. Scrip Code : 509631 Scrip Code : HEG Sub: Investors presentation on the
Slide 2: HEG Limited Investor Presentation: Performance Highlights Q1 FY 26-27
HEG LIMITED Investor Presentation Performance Highlights Q1 of FY 26-27
Slide 3: Graphite Electrode (GE)
Graphite Electrode (GE) 1. A consumable for Electric Arc Furnaces (EAF) used in steel production 2. Functions as an electrical conductor in EAFs, generating the heat required to melt steel scrap 3. High-tech / High Entry Barrier – HEG was the last new entrant in the Western world in 1976 4. EAF-prod
Slide 4: HEG Limited – Unique Strengths
HEG Limited – Unique Strengths 1. Largest graphite electrode plant in the Western world, with an annual capacity of 100,000 tonnes, backed by over 50 years of manufacturing expertise, captive power generation, long-standing customer relationships and strategic partnerships with leading global raw ma
Slide 5: GE Capacity Build up
GE Capacity Build up Capacity Fig. in 000’MT 120 115 100 100 80 80 66 60 52 40 30 20 14 0 1990 2002 2006 2009 2012 2024 2028 HEG Ltd © LNJ Bhilwara Group 4
Slide 6: Expanded plant at 100,000 tons – operational since Nov'23
Expanded plant at 100,000 tons – operational since Nov’23 HEG Ltd © LNJ Bhilwara Group 5
Slide 7: Top 10 Crude Steel-Producing Countries
TOP 10 Crude Steel - Producing Countries Crude Steel Production (mmt) Y-o-Y Q-o-Q Jan - Jun '25 Jan - Jun '26 Jan - Mar '26 Apr - Jun '26 Sr. No Country Y-o-Y (%) Q-o-Q (%) (H1) (H1) (Q1) (Q2) 1 China 515.5 500.0 -3.0% 247.4 252.6 2.1% 2 India 81.2 87.0 7.1% 44.7 42.3 -5.4% 3 United States 40.3 42.8
Slide 8: Global Steel Demand Forecast 2025-2027 Highlights
Global Steel Demand Forecast 2025-2027 I Highlights WSA Short Range Outlook: Apr’26 HEG Ltd © LNJ Bhilwara Group 7
Slide 9: Industry Outlook
Industry Outlook • Global steel market : Global crude steel production declined 0.7% YoY to 930.6 Mt (Jan-Jun 2026), with the pace of contraction moderating. • Ex-China steel markets remain resilient: Crude steel production increased 2.1% YoY to 430.6 Mt, supported by broad- based growth across majo
Slide 10: Financial Results for the Quarter ended 30th June 2026 – Standalone
Financial Results for the Quarter ended 30th June 2026 – Standalone (Rs. cr) Quarter Ended Year Ended Sl. No. Particulars 30-06-2026 31-03-2026 30-06-2025 31-03-2026 Unaudited Audited Unaudited Audited I Revenue from operations 680.91 603.21 612.78 2,568.50 II Other income 50.03 16.73 47.68 91.96 II
Slide 11: Financial Results for the Quarter ended 30th June 2026 – Standalone
Financial Results for the Quarter ended 30th June 2026 – Standalone (Rs. cr) Quarter Ended Year Ended Sl. No. Particulars 30-06-2026 31-03-2026 30-06-2025 31-03-2026 Unaudited Audited Unaudited Audited VII Profit/(loss) before tax (V-VI) 151.79 (189.01) 92.42 246.40 VIII Tax expense (1) Current tax
Slide 12: Financial Results for the Quarter ended 30th June 2026 – Consolidated
Financial Results for the Quarter ended 30th June 2026–Consolidated (Rs. cr) Quarter Ended Year Ended Sl. No. Particulars 30-06-2026 31-03-2026 30-06-2025 31-03-2026 Unaudited Audited Unaudited Audited Continuing Operation I Revenue from operations 680.79 603.21 612.78 2,568.50 II Other income 43.56
Slide 13: Financial Results for the Quarter ended 30th June 2026 – Consolidated
Financial Results for the Quarter ended 30th June 2026–Consolidated (Rs. cr) Quarter Ended Year Ended Sl. No. Particulars 30-06-2026 31-03-2026 30-06-2025 31-03-2026 Unaudited Audited Unaudited Audited IX Profit/(Loss) before tax (VII+VIII) 164.96 (144.94) 121.33 404.37 X Tax expense (1) Current tax
Slide 14: Financial Results for the Quarter ended 30th June 2026 – Consolidated
Financial Results for the Quarter ended 30th June 2026–Consolidated (Rs. cr) Quarter Ended Year Ended Sl. No. Particulars 30-06-2026 31-03-2026 30-06-2025 31-03-2026 Unaudited Audited Unaudited Audited Total comprehensive income for the period/year XV attributable to owners of the company arising 12
Slide 15: Financial Snapshot (Standalone)
Financial Snapshot (Standalone) Rs. in cr (except EPS) QUARTER ENDED FY PARTICULARS 30-06-2026 31-03-2026 30-06-2025 25-26 24-25 REVENUE FROM OPERATIONS 681 603 613 2569 2153 TOTAL INCOME 731 620 660 2660 2279 EBITDA 211 -126 154 497 388 PBT 152 -189 92 246 148 PAT 110 -163 72 181 101 EPS* 5.67 -8.4
Slide 16: Quarterly Performance (Standalone) Revenue from Operations
Quarterly Performance (Standalone) (Rs. in crs.) 697 681 656 613 603 568 537 477 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY25 FY26 FY27 Revenue from Operations HEG Ltd © LNJ Bhilwara Group 15
Slide 17: Quarterly Performance (Standalone) EBITDA
Quarterly Performance (Standalone) (Rs. in crs.) 243 226 211 194 154 140 -5* Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY25 FY26 FY27 -126 * Negative EBITDA is on account of loss on fair valuation of investment in GrafTech EBITDA HEG Ltd © LNJ Bhilwara Group 16
Slide 18: Investments (Standalone)
Investments (Standalone) (Rs. in crs.) 1167 1155 998 977 923 875 858 792 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY25 FY26 FY27 * Investments including Cash & Cash equivalents and excluding investments in Associates & Wholly Owned Subsidiary HEG Ltd © LNJ Bhilwara Group 17
Slide 19: Borrowings (Standalone)
Borrowings (Standalone) (Rs. in crs.) 793 783 691 642 585 586 561 494 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY25 FY26 FY27 Short Term Borrowings Outstanding at the end of the Quarter HEG Ltd © LNJ Bhilwara Group 18
Slide 20: Thank You
Thank You Mr. Manish Gulati : Executive Director Mr. Om Prakash Ajmera : Group CFO Mr. Ravi Kant Tripathi : CFO Mr. Puneet Anand : CSO HEG Limited Ph: +91-7480-405500 Email: Manish.gulati@lnjbhilwara.com rk.tripathi@lnjbhilwara.com HEG Ltd © LNJ Bhilwara Group 19