HEG Advanced Materials Ltd
HEG Advanced Materials Q2 FY27 Profit ₹208.89 Cr; Approves ₹1606 Cr Anode Expansion
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 04 Nov 2026, 12:02 AM IST · BSE ID: 5c0f431e-c05b-433e-a7ad-660265c09ef3
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported its quarterly earnings and announced major investments to expand its manufacturing facilities for advanced materials.
🤖 AI Summary
- HEG Advanced Materials reported consolidated profit after tax of ₹208.89 crore for Q2 FY27.
- Half-year consolidated profit after tax for H1 FY27 stood at ₹269.07 crore.
- Board approved Anode plant capacity expansion to 44,000 MT with INR 1606 Cr capex.
- Approved INR 475 Cr for crucible project and INR 500 Cr for 500 MTPA graphene project.
- Consolidated revenue from continuing operations was ₹429.94 crore in Q2 FY27.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Consolidated Revenue from Continuing Operations Q2 FY27
₹429.94 crore
Not comparable — limited prior period data.
Consolidated EBITDA Q2 FY27
₹312.78 crore
Not comparable — limited prior period data.
Consolidated Profit After Tax Q2 FY27
₹208.89 crore
Not comparable — limited prior period data.
Consolidated Revenue from Continuing Operations H1 FY27
₹725.80 crore
Not comparable — limited prior period data.
Consolidated EBITDA H1 FY27
₹438.00 crore
Not comparable — limited prior period data.
Consolidated Profit After Tax H1 FY27
₹269.07 crore
Not comparable — limited prior period data.
Consolidated Cash and Bank Balances (as on 30 Sep 2026)
₹1322.84 crore
Not comparable — limited prior period data.
Anode Plant Expansion Capex
INR 1606 Cr
Crucible Project Capex
INR 475 Cr
Graphene Project Capex
INR 500 Cr
🏢 How This Affects the Company
The capacity expansion of the Anode plant to 44,000 MT, alongside new crucible and graphene projects, positions the company to cater to rising demand in the lithium-ion battery and advanced materials sectors. This enhances its product portfolio and market presence in advanced materials.
The approved capex of INR 1606 Cr for Anode, INR 475 Cr for crucible, and INR 500 Cr for graphene projects indicates substantial future investments, totaling INR 2581 Cr. The company reported consolidated cash and bank balances of ₹1322.84 crore as of 30 September 2026.
Operational capacity for anode materials will increase significantly to 44,000 MT by March 2029, with initial expansion to 20,000 MT by June 2027. The new crucible and graphene projects will introduce backward integration and new product lines, diversifying manufacturing operations.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this filing.
👤
Who Is Affected
All existing shareholders are affected by the company's financial performance and strategic capital allocation decisions impacting future growth and diversification into advanced materials. The ESOP scheme may affect future equity dilution.
🔍
Management Signal
Management is signaling a strong commitment to growth through significant capital investment in advanced materials, R&D, and diversification, aiming for long-term value creation.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Progress report on Anode plant expansion by June 2027 for 20,000 MT capacity.
Commissioning update for the 200 MWh BESS IPP in Gujarat targeting Q3 FY27.
Q3 FY27 financial results for continued performance and capex utilization.
MEDIUM RISK
Large capex approvals require substantial capital outlay and timely execution, introducing project implementation and market demand risks.
💡 Investor Takeaway
HEG Advanced Materials reported consolidated PAT of ₹208.89 crore for Q2 FY27 and approved major capex: INR 1606 Cr for Anode expansion to 44,000 MT, INR 475 Cr for crucible, and INR 500 Cr for graphene. Cash and bank balances stood at ₹1322.84 crore.
⚖️ Strengths & Concerns
✅ Positives
- Consolidated profit after tax for Q2 FY27 reached ₹208.89 crore, demonstrating profitability in continuing operations.
- Significant consolidated cash and bank balances of ₹1322.84 crore provide financial backing for approved expansion plans.
⚠️ Concerns
- Financial figures are not comparable to previous periods due to the demerger of HEG Limited on 1 September 2026, limiting historical performance analysis.
- The substantial capex approvals totaling INR 2581 Cr require precise and timely execution to achieve projected operational targets and returns.
📅 Company Track Record
HEG Advanced Materials Limited recently underwent a composite scheme effective September 1, 2026, demerging the graphite electrodes business to HEG Limited and amalgamating Bhilwara Energy Limited. This makes current financial figures not comparable to previous periods.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was HEG Advanced Materials' consolidated profit after tax in Q2 FY27?
HEG Advanced Materials reported a consolidated profit after tax of ₹208.89 crore for the quarter ended 30 September 2026 (Q2 FY27).
What significant capex projects did HEG Advanced Materials' board approve?
The board approved INR 1606 Cr for Anode plant expansion to 44,000 MT, INR 475 Cr for a crucible project, and INR 500 Cr for a 500 MTPA graphene project.
What was the consolidated revenue from continuing operations for HEG Advanced Materials in H1 FY27?
Consolidated revenue from continuing operations for the half year ended 30 September 2026 (H1 FY27) stood at ₹725.80 crore.
What are the timelines for HEG Advanced Materials' Anode plant expansion?
The Anode plant expansion targets 20,000 MT to be operational by June 2027 and the balance 24,000 MT, reaching a total of 44,000 MT, by March 2029.
What was HEG Advanced Materials' consolidated cash and bank balance as of September 30, 2026?
As of 30 September 2026, HEG Advanced Materials' consolidated cash and bank balances stood at ₹1322.84 crore.
Questions based on this BSE filing only. For information purposes.