HEG Limited — Investor Meet, 01-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

HEG reported a Q4 FY26 standalone loss of ₹163.19 Cr, mainly due to a fair valuation loss on GrafTech investment. This contrasts with Q3's profit. However, full-year FY26 standalone PAT grew to ₹180.72 Cr (vs ₹101.31 Cr last year), with a 19% EBITDA margin. HEG expanded graphite electrode capacity to 100,000 tons in 2024, planning further to 115,000 tons by early 2028. Management sees rising EAF steel demand and expects graphite electrode price increases to offset climbing input costs and freight, addressing margin pressures.