HEG Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 12, 2024 at 07:01 am EST
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HEG Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 5,624 million compared to INR 5,302.7 million a year ago. Revenue was INR 5,856.2 million compared to INR 5,671.6 million a year ago. Net income was INR 436.7 million compared to INR 1,046.9 million a year ago. Basic earnings per share from continuing operations was INR 11.32 compared to INR 27.13 a year ago. Diluted earnings per share from continuing operations was INR 11.32 compared to INR 27.13 a year ago.
For the nine months, sales was INR 18,480 million compared to INR 18,503.6 million a year ago. Revenue was INR 19,253.6 million compared to INR 19,281.5 million a year ago. Net income was INR 2,787.6 million compared to INR 4,326.4 million a year ago. Basic earnings per share from continuing operations was INR 72.22 compared to INR 112.1 a year ago. Diluted earnings per share from continuing operations was INR 72.22 compared to INR 112.1 a year ago.
HEG Limited is an India-based manufacturer and exporter of graphite electrodes in India and operates a single-site integrated graphite electrodes plant. The Companyâs segments include Graphite, Power, and Others. The Graphite segment comprises the manufacturing of graphite electrodes and has facilities for production of graphite electrodes and graphite specialties. Its plant is located at Mandideep near Bhopal, Madhya Pradesh. It has about three captive power generation facilities which can together produce around 76.5 megawatts (MW), which fulfills almost the entire requirement of the graphite plant. The Power segment comprises generation of power for captive consumption and sale. It also makes fine grain carbon blocks for various applications on special orders. These blocks are used by the customers to make various value-added products. Its wholly owned subsidiary, TACC Limited, is engaged in anode manufacturing for lithium-ion batteries.
HEG LIMITED 
