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HEG Limited's board has approved the unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported revenue from operations of ₹477.07 Crore for the quarter, showing a decrease from ₹567.60 Crore in the previous quarter. Total income decreased slightly to ₹590.30 Crore for the same period. The profit before tax increased to ₹133.68 Crore, compared to ₹82.48 Crore in the prior quarter, reflecting improved operational efficiency.
In strategic moves, the board approved an increase in the investment limit from ₹250 Crore to ₹350 Crore for investments in listed Indian and overseas companies. Additionally, an unsecured loan of ₹100 Crore has been sanctioned to Bhilwara Energy Limited, an associate company, aimed at funding its business operations. The company is also undergoing a rebranding of its Corporate Social Responsibility Committee to include ESG considerations, enhancing its focus on sustainable practices. Overall, these developments suggest a positive outlook as HEG Limited continues to strategically position itself for growth.