HEG Q1 Review - Steady Operational Performance: ICICI Direct

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.HEG Ltd. reported a steady operational performance in Q1 FY23. For Q1 FY23, standalone operations capacity utilisation was at 92%. For Q1 FY23, total operating income was at Rs 722 crore, up 75% YoY, 7% QoQ. Reported Ebitda for the quarter was at Rs 184 crore, up 154% YoY, 17% QoQ. Ebitda margin for the quarter was at 25.5%, up 800 basis points YoY, 220 bps QoQ.Ensuing standalone net profit for the quarter was at Rs 134 crore, up 139% YoY, 18% QoQ. Going forward, demand for graphite electrode and realisation is expected to remain volatile in the near term while cost inflation may continue to add pressure on margins.HEG’s capacity expansion from 80000 tonnes to 100000 tonnes per annum is going on in full swing and is expected to be completed by end December 2022 with commercial production set to start in January-March 2023 quarter (i.e. Q4 FY23E)..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

HEG Q1 Review - Steady Operational Performance: ICICI Direct

HEG Q1 Review - Steady Operational Performance: ICICI Direct

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