HEG Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 22, 2023 at 05:15 pm IST
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HEG Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 6,168.8 million compared to INR 6,730.6 million a year ago. Revenue was INR 6,482.3 million compared to INR 6,904.6 million a year ago. Net income was INR 997.2 million compared to INR 1,292.7 million a year ago. Basic earnings per share from continuing operations was INR 25.84 compared to INR 33.49 a year ago. Diluted earnings per share from continuing operations was INR 25.84 compared to INR 33.49 a year ago.
For the full year, sales was INR 24,672.4 million compared to INR 22,016.1 million a year ago. Revenue was INR 25,763.8 million compared to INR 22,811.6 million a year ago. Net income was INR 5,323.6 million compared to INR 4,310.5 million a year ago. Basic earnings per share from continuing operations was INR 137.93 compared to INR 111.68 a year ago. Diluted earnings per share from continuing operations was INR 137.93 compared to INR 111.68 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.