HEG Limited has released its audited financial results for the quarter and year ended 31 March 2026, reporting a widened standalone net loss for Q4 despite revenue growth. The company subsequently held its Q4 FY26 earnings conference call on 4 May 2026, and the audio recording of the call is now available on the company's website under the Investor Section at www.hegltd.com . Separately, at its board meeting held on April 29, 2026, the company approved the re-appointment of key auditors and sanctioned security creation in favour of a lender for its wholly owned subsidiary.

Earnings Conference Call Recording

The audio recording of the Q4 FY26 earnings conference call, held on 4 May 2026 at 14:00 hrs IST, has been made available by HEG Limited in compliance with Regulation 30. The recording can be accessed via the link shared by the company and has also been uploaded on the company's official website under the Investor Section. The disclosure was communicated to both BSE Limited and the National Stock Exchange of India Limited by Company Secretary Vivek Chaudhary.

Financial Performance Overview

The Q4FY26 results present a challenging financial picture with losses expanding substantially year-on-year. While the top-line showed positive momentum, the bottom-line performance deteriorated considerably during the reporting period.

Revenue Growth Amid Operational Challenges

Despite the widened losses, HEG Limited demonstrated resilience in its revenue generation capabilities. The company's quarterly revenue from operations increased to ₹603.21 crore from ₹536.58 crore in the corresponding quarter of the previous year, indicating sustained business activity and market engagement. For the full year FY26, revenue from operations reached ₹2,568.50 crore compared to ₹2,152.71 crore in FY25.

Loss Expansion Analysis

The standalone net loss figures reveal the extent of operational challenges faced by the company during Q4. The loss expanded from ₹61.68 crore in the previous year's corresponding quarter to ₹163.19 crore in the current reporting period, representing a significant deterioration in profitability metrics. The company reported negative EBITDA of ₹126 crore for Q4FY26, attributed to loss on fair valuation of investment in GrafTech.

Full-Year Performance

For the full year ended 31 March 2026, HEG reported a profit after tax of ₹180.72 crore, compared to ₹101.31 crore in the previous year. The following table summarises the key full-year financial metrics:

Operational Highlights

The company continues to operate the world's largest single-site graphite electrode plant with a capacity of 100,000 tons per annum, completed in 2024. HEG is further expanding capacity to 115,000 tons by early 2028. The company exports approximately 65-70% of its production to about 35 countries globally.

Board Approvals: Auditor Appointments and Subsidiary Security

At its board meeting held on April 29, 2026, HEG's board approved several key governance decisions upon the recommendation of the Audit Committee. The board re-appointed M/s. N. D. Birla & Co., Cost Accountants, as Cost Auditor for Financial Year 2026-27, and M/s. S.L. Chhajed & Co. LLP, Chartered Accountants, as Internal Auditor for Financial Year 2026-27. Additionally, M/s. SCV & Co. LLP, Chartered Accountants, was re-appointed as Tax Auditor for Financial Year 2025-26. The following table summarises the auditor appointments approved at the board meeting:

In a separate resolution, the board approved the creation of security in favour of State Bank of India (lender) or its security trustee on behalf of TACC Limited, a wholly owned subsidiary of HEG. This follows an earlier intimation dated February 10, 2026, in which the company had disclosed the approval of a corporate guarantee in favour of State Bank of India for credit facilities to be availed by TACC Limited.

HEG Limited has scheduled the announcement of its annual financial results for FY26 under Regulation 33 on April 29, 2026. The company has also made key appointments for various auditor positions and approved security creation for its wholly owned subsidiary TACC Limited.

Auditor Appointments for FY 2026-27

The Board, upon recommendation of the Audit Committee, has approved several key auditor appointments for the upcoming financial year. These appointments reflect the company's commitment to maintaining robust financial oversight and regulatory compliance.

Cost Auditor Profile

N. D. Birla & Co., established in 1976, operates from Ahmedabad, Gujarat with branches in New Delhi, Mumbai, Vadodara, and Indore. The firm comprises five highly qualified professional partners and considers its size and professionalism as strategic advantages, offering personalized service with easy access to partners.

Internal Auditor Credentials

S.L. Chhajed & Co. LLP offers comprehensive accounting and financial solutions. As a pioneer in the field since 1960, the company has been providing exceptional Outsourced Accounting Processing Services with a proven track record of excellence in financial management and compliance.

Tax Auditor Background

SCV & Co. LLP was formed through the merger of two distinguished chartered accountancy firms - S.P. Puri & Co. and S.C. Vasudeva & Co. - with effect from April 1, 2018. Both founding partners, Mr. Puri and Mr. Vasudeva, qualified as Chartered Accountants in the early 1960s, bringing decades of experience to the partnership.

Subsidiary Security Approval

Following the earlier intimation dated February 10, 2026 regarding corporate guarantee approval for State Bank of India credit facilities, the Board resolved on April 29, 2026 to provide security creation in favour of lenders for TACC Limited, the company's wholly owned subsidiary.

Director Age Consideration

The company has noted that one director will be attaining the age of 75 years on October 9, 2027 in Financial Year 2027-28. The director, Shri Shekhar Agarwal, is not debarred from holding office pursuant to any SEBI order or other authority and is not related to any other Director or Key Managerial Personnel of the Company.