Heg Limited · NSE:HEG
Heg — Q2 FY2025-26 Earnings Presentation
18 slides from Heg's earnings presentation, Nov 11, 2025
Slide 1: Investors presentation covering letter to stock exchanges
HEG/SECTT/2025 11th November,2025 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
Slide 2: HEG Limited Investor Presentation: Performance Highlights Q2 FY 25-26
HEG LIMITED Investor Presentation Performance Highlights Q2 of FY 25-26
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. Has been World’s Largest Single Site Graphite Electrode Plant under one roof with a capacity of 80,000 tons pa for a long time. 2. Since Nov’23, capacity expanded to 100,000 tons to become the third largest producer of Graphite electrodes in the western world. 3. Ex
Slide 5: GE Capacity Build up
GE Capacity Build up Capacity Fig. in 000’MT 120 100 100 80 80 66 60 52 40 30 20 14 0 1990 2002 2006 2009 2012 2024 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 Sr. No Country Jan-Sep'24 Jan-Sep'25 Y-o-Y (%) Apr-Jun'25 Jul-Sep'25 Q-o-Q (%) 1 China 765.7 745.4 -2.6% 255.8 230.5 -9.9% 2 India 110.8 122.4 10.5% 40.6 41.6 2.4% 3 Japan 63.3 60.5 -4.5% 20.2 19.9 -1.1% 4 United State
Slide 8: Industry Outlook
Industry Outlook • Global crude steel production fell by -1.5 % YoY in the first nine months of 2025, confirming a sustained challenging demand environment for the year. • The first 9 month data from WSA show heightened divergence and pressure in the steel market. We respond by focusing on structura
Slide 9: Financial Results for the Quarter ended 30th September 2025 – Standalone
Financial Results for the Quarter ended 30th September 2025 – Standalone (Rs. cr) Quarter Ended Half Year Ended Year Ended Sl. No. Particulars 30-09-2025 30-06-2025 30-09-2024 30-09-2025 30-09-2024 31-03-2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I Revenue from operations 696.85
Slide 10: Financial Results for the Quarter ended 30th September 2025 – Standalone
Financial Results for the Quarter ended 30th September 2025 – Standalone (Rs. cr) Quarter Ended Half Year Ended Year Ended Sl. No. Particulars 30-09-2025 30-06-2025 30-09-2024 30-09-2025 30-09-2024 31-03-2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited VII Profit/(loss) before tax (V-V
Slide 11: Financial Results for the Quarter ended 30th September 2025 – Consolidated
Financial Results for the Quarter ended 30th September 2025 – Consolidated (Rs. cr) Quarter Ended Half Year Ended Year Ended Sl. No. Particulars 30-09-2025 30-06-2025 30-09-2024 30-09-2025 30-09-2024 31-03-2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I Revenue from operations 699.2
Slide 12: Financial Results for the Quarter ended 30th September 2025 – Consolidated
Financial Results for the Quarter ended 30th September 2025 – Consolidated (Rs. cr) Quarter Ended Half Year Ended Year Ended Sl. No. Particulars 30-09-2025 30-06-2025 30-09-2024 30-09-2025 30-09-2024 31-03-2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited IX Profit/(Loss) before tax (VI
Slide 13: Financial Snapshot (Standalone)
Financial Snapshot (Standalone) Rs. in cr (except EPS) FY 25-26 FY PARTICULARS Q2 Q1 24-25 23-24 22-23 TOTAL INCOME 804 660 2279 2537 2576 EBITDA 226 154 388 526 729 EBIT 172 101 187 351 626 PAT 131 72 101 232 456 EPS 6.78 3.72 5.25 12.00 23.60 EBITDA Margin (%) 28% 23% 17% 21% 28% PAT Margin (%) 16
Slide 14: Quarterly Performance (Standalone)
Quarterly Performance (Standalone) (Rs. in crs.) 697 613 562 547 571 568 537 477 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY24 FY25 FY26 Revenue from Operations HEG Ltd © LNJ Bhilwara Group 13
Slide 15: Quarterly Performance (Standalone)
Quarterly Performance (Standalone) (Rs. in crs.) 226 194 154 140 110 108 59 -5* Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY24 FY25 FY26 * Negative EBITDA is on account of loss on fair value of investment in GrafTech HEG Ltd © LNJ Bhilwara Group 14
Slide 16: Investments (Standalone)
Investments (Standalone) (Rs. in crs.) 1167 982 998 977 949 917 923 875 31st Dec23 31st Mar24 30th Jun24 30th Sep24 31st Dec24 31st Mar25 30th Jun25 30th Sep25 * Investments including Cash & Cash equivalents and excluding investments in Associates & Wholly Owned Subsidiary HEG Ltd © LNJ Bhilwara Gro
Slide 17: Borrowings (Standalone)
Borrowings (Standalone) (Rs. in crs.) 619 642 592 599 585 586 561 494 31st Dec23 31st Mar24 30th Jun24 30th Sep24 31st Dec24 31st Mar25 30th Jun25 30th Sep25 Short Term Working Capital Borrowings Outstanding at the end of the Qtr. HEG Ltd © LNJ Bhilwara Group 16
Slide 18: 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 9981190052 Fax: +91 120 254 1575 Email: Manish.gulati@lnjbhilwara.com rk.tripathi@lnjbhilwara.com HEG Ltd © LNJ Bhilwara Group 17