HEG Advanced Materials has announced its financial results for the quarter and half year ended 30 September 2026. For H1 FY27, the company reported consolidated revenue of ₹725.80 crore and EBITDA of ₹438.00 crore, with a profit after tax of ₹269.07 crore. The company also approved significant expansions for its anode plant, a crucible project for backward integration, and a graphene project, alongside the implementation of an ESOP scheme.
HEG Advanced Materials Announces H1 FY27 Results and Strategic Expansions
HEG Advanced Materials Limited, part of the LNJ Bhilwara Group, today announced its financial results for the quarter and half year ended 30 September 2026. The company reported a consolidated revenue of ₹725.80 crore for the half year (H1 FY27), with total income reaching ₹870.77 crore. EBITDA for H1 FY27 stood at a robust ₹438.00 crore, and profit after tax was ₹269.07 crore. As of 30 September 2026, the company’s consolidated cash and bank balances were substantial at ₹1322.84 crore.
Q2 FY27 Performance Highlights
In the second quarter of FY27 (Q2 FY27), HEG Advanced Materials reported consolidated revenue from continuing operations of ₹429.94 crore. Total income for the quarter was ₹546.59 crore, with EBITDA reported at ₹312.78 crore. The profit after tax for Q2 FY27 was ₹208.89 crore.
Strategic Board Approvals for Growth
The Board of Directors has approved several key strategic initiatives aimed at future growth and cost optimization. These include:
- Anode Plant Expansion: Approval for expanding the current 20,000 MT capacity anode plant to 44,000 MT with a capital expenditure of INR 1606 crore. The first phase of 20,000 MT is expected to be operational by June 2027, with the remaining 24,000 MT by March 2029.
- Crucible Project: Sanction of a crucible project with a capex of INR 475 crore to achieve backward integration and cost optimization with the anode plant.
- Graphene Project: Approval for a graphene project with a capacity of 500 MTPA at a capex of INR 500 crore.
- ESOP Scheme: Implementation of an Employee Stock Option Plan (ESOP) scheme.
Business Outlook and Strategy
Mr. Riju Jhunjhunwala, Chairman, MD & CEO, HEG Advanced Materials Limited, stated, “Q2 FY27 reflects our continued progress towards building HEG Advanced Materials into a technology-led, globally competitive advanced materials platform. Our focus is on strengthening R&D, developing proprietary technologies and creating differentiated, scalable businesses across anode materials, graphene, battery energy storage and green power.”
Ms. Neha Rajvanshi, President & CFO, highlighted the company’s evolving business mix and stable fundamentals, supported by its Green Power Business. She expressed excitement about the upcoming anode expansion, graphene, and crucible projects, which are expected to further strengthen the product portfolio and reinforce the company’s position in the advanced materials industry.
Key Business Highlights
- Advanced Materials (TACC): Global lithium-ion battery production is projected to grow significantly. The Phase I 20,000 MT anode materials facility is at 61% progress, with the process building targeted for COD in June 2027. Phase II will increase total anode capacity to 44,000 MT, targeting COD in March 2029.
- Battery Energy Solutions (REPLUS Engitech): REPLUS has deployed over 1 GWh of energy storage capacity. A 5 GWh high-speed, fully automatic prismatic line expansion facility is under construction in Pune.
- Green Power Businesses: Combined hydroelectric installed capacity of 278 MW. A 200 MWh BESS IPP in Gujarat has reached 64% project progress and targets commissioning in Q3 FY27.
The HEG Composite Scheme became effective on 1 September 2026, leading to the transfer of the graphite electrodes business and amalgamation of Bhilwara Energy Limited. Current financial figures are therefore not comparable to previous periods due to this demerger.
Source: BSE
