HEG Limited — PPTs, 02-08-2025: Investor Presentation

**1. Financial Highlights:**

HEG reported robust Q1 FY26 financials. Revenue increased YoY, and Profit After Tax (PAT) surged substantially, signaling a strong rebound. EBITDA hit ₹154 Cr (23% margin), backed by solid investments and manageable borrowings.

**2. Strategic Initiatives & Growth Drivers:**

HEG plans to boost Graphite Electrode (GE) capacity from 100,000 to 115,000 tons by Jan 2028 (₹650 Cr capex). This expansion targets rising demand from the global shift to Electric Arc Furnaces for greener steel.

**3. Business Developments:**

HEG's recent capacity expansion to 100,000 tons positioned it as the third-largest GE producer in the Western world. It exports 65-70% of its output globally, supported by 80 MW captive power generation.

**4. Market Position & Competitive Advantage:**

As a top-tier GE producer, HEG benefits from high entry barriers and is strategically aligned with the global transition to Electric Arc Furnace steelmaking, securing long-term product demand despite current softness.

**5. Investor Implications:**

The Q1 turnaround suggests improved operational execution. Capacity expansion positions HEG for positive growth potential linked to decarbonization. While short-term market challenges exist, the long-term outlook for GE appears favorable.