{"id":255557,"date":"2026-09-18T10:40:05","date_gmt":"2026-09-18T05:10:05","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=255557"},"modified":"2026-09-18T10:40:05","modified_gmt":"2026-09-18T05:10:05","slug":"heg-q2-results-fy27-preview-date-expectations","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/heg-q2-results-fy27-preview-date-expectations\/","title":{"rendered":"HEG Q2 Results FY27 Preview: Results Date, Expectations and the Numbers That Will Decide the September 2026 Quarter"},"content":{"rendered":"<p>Track the latest <a href=\"https:\/\/univest.in\/stocks\/heg\/heg-ltd-share-price-today\">HEG Ltd. share price<\/a> on Univest. Anticipation around HEG Q2 results is building as the graphite electrode maker readies its September 2026 quarter report, after a strong rebound in June 2026 that followed a sharp one-off loss in March 2026. This HEG Q2 results preview covers historical data and qualitative factors only, with no forecast number for the unreported quarter.<\/p>\n<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;\"><em>HEG posted Jun26 quarter revenue of Rs 681 crore, an OPM of 22.17% and net profit of Rs 122 crore. CMP Rs 226.3, PE 12.36x, ROE 7.42%, market cap Rs 4,370 crore.<\/em><\/p>\n<p>Graphite electrode earnings swing with global steel demand and pricing cycles, which is exactly why HEG Q2 results draw close attention each season. The company&#8217;s own numbers show swings within a single year, and that pattern sits behind every HEG Q2 results discussion this quarter.<\/p>\n<p style=\"margin-top:24px\"><a href=\"https:\/\/univest.in\/open-demat-account\">Open a free Univest demat account to track quarterly results and manage your portfolio in one place<\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/heg-q2-results-fy27-preview-date-expectations\/#When_Might_HEG_Announce_Its_Q2_FY27_Results\" title=\"When Might HEG Announce Its Q2 FY27 Results?\">When Might HEG Announce Its Q2 FY27 Results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/heg-q2-results-fy27-preview-date-expectations\/#What_to_Expect_From_HEG_Q2_Results_This_Season\" title=\"What to Expect From HEG Q2 Results This Season\">What to Expect From HEG Q2 Results This Season<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/heg-q2-results-fy27-preview-date-expectations\/#HEG_Previous_Quarter_Performance_June_2026_Q1_FY27\" title=\"HEG Previous Quarter Performance: June 2026 (Q1 FY27)\">HEG Previous Quarter Performance: June 2026 (Q1 FY27)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/heg-q2-results-fy27-preview-date-expectations\/#Q2_FY26_September_2025_Base_Quarter_for_Comparison\" title=\"Q2 FY26 (September 2025) Base Quarter for Comparison\">Q2 FY26 (September 2025) Base Quarter for Comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/heg-q2-results-fy27-preview-date-expectations\/#Recent_Trend_Across_the_Last_Five_Quarters\" title=\"Recent Trend Across the Last Five Quarters\">Recent Trend Across the Last Five Quarters<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/heg-q2-results-fy27-preview-date-expectations\/#Key_Factors_to_Watch_Ahead_of_HEG_Q2_Results\" title=\"Key Factors to Watch Ahead of HEG Q2 Results\">Key Factors to Watch Ahead of HEG Q2 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/heg-q2-results-fy27-preview-date-expectations\/#HEG_Valuation_PE_PB_ROE_and_Market_Cap\" title=\"HEG Valuation: PE, PB, ROE and Market Cap\">HEG Valuation: PE, PB, ROE and Market Cap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/heg-q2-results-fy27-preview-date-expectations\/#What_to_Watch_Before_HEG_Q2_Results\" title=\"What to Watch Before HEG Q2 Results\">What to Watch Before HEG Q2 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/heg-q2-results-fy27-preview-date-expectations\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/heg-q2-results-fy27-preview-date-expectations\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/heg-q2-results-fy27-preview-date-expectations\/#When_will_HEG_announce_its_Q2_FY27_results\" title=\"When will HEG announce its Q2 FY27 results?\">When will HEG announce its Q2 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/heg-q2-results-fy27-preview-date-expectations\/#What_was_HEGs_net_profit_in_the_June_2026_quarter\" title=\"What was HEG&#8217;s net profit in the June 2026 quarter?\">What was HEG&#8217;s net profit in the June 2026 quarter?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/heg-q2-results-fy27-preview-date-expectations\/#Why_did_HEG_report_a_loss_in_the_March_2026_quarter\" title=\"Why did HEG report a loss in the March 2026 quarter?\">Why did HEG report a loss in the March 2026 quarter?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/heg-q2-results-fy27-preview-date-expectations\/#Is_HEGs_PE_ratio_meaningful_right_now\" title=\"Is HEG&#8217;s PE ratio meaningful right now?\">Is HEG&#8217;s PE ratio meaningful right now?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"When_Might_HEG_Announce_Its_Q2_FY27_Results\"><\/span>When Might HEG Announce Its Q2 FY27 Results?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>SEBI rules require listed companies to announce quarterly numbers within 45 days of quarter-end, putting the outer deadline for HEG Q2 results around mid-November 2026. Based on this window and HEG&#8217;s usual reporting rhythm, HEG Q2 results are likely between the last week of October and mid-November 2026. Univest will update the confirmed date once the board meeting is announced.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Expect_From_HEG_Q2_Results_This_Season\"><\/span>What to Expect From HEG Q2 Results This Season<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"font-style:italic;color:#000000;margin:14px 0;\">Also read &#8211; <a href=\"https:\/\/univest.in\/blogs\/jagran-prakashan-q2-results-fy27-preview-date-expectations\">Jagran Prakashan Q2 Results FY27 Preview<\/a><\/p>\n<p>No numeric estimate is offered here for HEG Q2 results, since that quarter has not been reported. Instead, the useful lens is qualitative: electrode demand tracks steel output, and realizations move with global needle coke supply. Watchers of HEG Q2 results will focus on whether June 2026&#8217;s margin recovery holds into September, and whether volumes stay steady after the swings of the past five quarters.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"HEG_Previous_Quarter_Performance_June_2026_Q1_FY27\"><\/span>HEG Previous Quarter Performance: June 2026 (Q1 FY27)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>HEG&#8217;s June 2026 quarter, the base ahead of HEG Q2 results, showed a clear recovery from the prior loss. Revenue was Rs 681 crore, operating profit Rs 151 crore at a 22.17% margin, and net profit Rs 122 crore, among the strongest margins in this five-quarter dataset.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q2_FY26_September_2025_Base_Quarter_for_Comparison\"><\/span>Q2 FY26 (September 2025) Base Quarter for Comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The year-ago quarter against which HEG Q2 results will eventually be measured, September 2025, saw revenue of Rs 699 crore, operating profit of Rs 118 crore at a 16.88% margin, and net profit of Rs 143 crore, a lower margin but higher net profit than June 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Recent_Trend_Across_the_Last_Five_Quarters\"><\/span>Recent Trend Across the Last Five Quarters<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The five-quarter run frames HEG Q2 results without forecasting them. Revenue moved from Rs 613 crore (Jun25) to Rs 699 crore (Sep25), Rs 656 crore (Dec25), Rs 603 crore (Mar26), and Rs 681 crore (Jun26). Margins were far more volatile: 17.29%, 16.88% and 21.8% in the first three quarters, then a negative 24.54% in March 2026 on a real reported operating loss of Rs 148 crore and net loss of Rs 114 crore, before recovering to 22.17% in June 2026. This volatility is central to any HEG Q2 results discussion.<\/p>\n<p style=\"margin-top:24px\"><a href=\"https:\/\/univest.in\/open-demat-account\">Track live share prices and set alerts by opening a free Univest demat account<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Factors_to_Watch_Ahead_of_HEG_Q2_Results\"><\/span>Key Factors to Watch Ahead of HEG Q2 Results<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"font-style:italic;color:#000000;margin:14px 0;\">Also read &#8211; <a href=\"https:\/\/univest.in\/blogs\/jagsonpal-pharmaceuticals-q2-results-fy27-preview-date-expectations\">Jagsonpal Pharmaceuticals Q2 Results FY27 Preview<\/a><\/p>\n<p>Electrode realizations and export demand from steel producers remain the biggest swing factor for HEG Q2 results. Needle coke costs will decide whether June 2026&#8217;s margin holds. Capacity utilization and order-book commentary will also shape how the market reads HEG Q2 results, especially given the March 2026 loss and whether management calls it a one-off.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"HEG_Valuation_PE_PB_ROE_and_Market_Cap\"><\/span>HEG Valuation: PE, PB, ROE and Market Cap<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>HEG trades at a CMP of Rs 226.3, within its 52-week range of Rs 168.09 to Rs 273. Trailing PE is 12.36x on an EPS of Rs 18.31, PB is 0.92x on a book value of Rs 247, and ROE is 7.42%, still reflecting the loss-making March quarter. Debt-to-equity is 0.17, dividend yield 1.49%, and market cap Rs 4,370 crore, all current data unconnected to any HEG Q2 results forecast.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Before_HEG_Q2_Results\"><\/span>What to Watch Before HEG Q2 Results<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ahead of HEG Q2 results, watch the board meeting intimation, steel output data, and needle coke price trends as leading qualitative indicators, alongside any analyst commentary published closer to the date.<\/p>\n<p style=\"margin-top:24px\"><a href=\"https:\/\/univest.in\/open-demat-account\">Start investing with a free Univest demat account and stay updated on results season<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>HEG Q2 results will show whether the June 2026 recovery is durable after the March 2026 loss. The five-quarter trend points to a business with genuine earnings volatility, and investors should rely on official disclosures once HEG Q2 results are announced rather than any estimate.<\/p>\n<p style=\"border-left:4px solid #CC0000;background:#FFF5F5;padding:14px 18px;\"><strong>Disclaimer:<\/strong> Univest Securities Private Limited is a SEBI-registered Research Analyst (Registration No. INH000013776). This article is for educational and informational purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Figures cited are historical, publicly disclosed quarterly financials and current market data; no specific Q2 FY27 results, estimates, or forecasts are implied. Please consult a SEBI-registered investment adviser and verify data independently before making any investment decision.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"When_will_HEG_announce_its_Q2_FY27_results\"><\/span>When will HEG announce its Q2 FY27 results?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> HEG has not announced an official date yet. Based on the SEBI-mandated 45-day disclosure window after quarter-end, HEG Q2 results are likely to be announced between late October and mid-November 2026, and the exact date will be confirmed via exchange filings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_HEGs_net_profit_in_the_June_2026_quarter\"><\/span>What was HEG&#8217;s net profit in the June 2026 quarter?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> HEG reported a net profit of Rs 122 crore in the June 2026 quarter (Q1 FY27), on revenue of Rs 681 crore and an operating profit margin of 22.17%, recovering from a net loss in the previous quarter.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_HEG_report_a_loss_in_the_March_2026_quarter\"><\/span>Why did HEG report a loss in the March 2026 quarter?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> HEG reported an operating loss of Rs 148 crore and a net loss of Rs 114 crore in the March 2026 quarter, a real reported swing linked to pressure in the graphite electrode business during that period, rather than a recurring feature of the company&#8217;s operations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_HEGs_PE_ratio_meaningful_right_now\"><\/span>Is HEG&#8217;s PE ratio meaningful right now?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes, HEG currently trades at a trailing PE of 12.36x based on an EPS of Rs 18.31, though this figure reflects a mix of a loss-making quarter and stronger quarters over the trailing twelve months, so it should be read alongside the quarterly trend rather than in isolation.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"When will HEG announce its Q2 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"HEG has not announced an official date yet. Based on the SEBI-mandated 45-day disclosure window after quarter-end, HEG Q2 results are likely to be announced between late October and mid-November 2026, and the exact date will be confirmed via exchange filings.\"}},{\"@type\":\"Question\",\"name\":\"What was HEG's net profit in the June 2026 quarter?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"HEG reported a net profit of Rs 122 crore in the June 2026 quarter (Q1 FY27), on revenue of Rs 681 crore and an operating profit margin of 22.17%, recovering from a net loss in the previous quarter.\"}},{\"@type\":\"Question\",\"name\":\"Why did HEG report a loss in the March 2026 quarter?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"HEG reported an operating loss of Rs 148 crore and a net loss of Rs 114 crore in the March 2026 quarter, a real reported swing linked to pressure in the graphite electrode business during that period, rather than a recurring feature of the company\u2019s operations.\"}},{\"@type\":\"Question\",\"name\":\"Is HEG's PE ratio meaningful right now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, HEG currently trades at a trailing PE of 12.36x based on an EPS of Rs 18.31, though this figure reflects a mix of a loss-making quarter and stronger quarters over the trailing twelve months, so it should be read alongside the quarterly trend rather than in isolation.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A data-based preview of HEG&#8217;s Q2 FY27 (September 2026) results, covering the likely results date, the June 2026 quarter performance, the year-ago base quarter, and valuation, without forecasting any Q2 FY27 numbers.<\/p>\n","protected":false},"author":29,"featured_media":255555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5331],"tags":[5845],"class_list":["post-255557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-https-univest-in-blogs-category-results","tag-graphite-electrodes-sector"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["255555"],"rank_math_title":["HEG Q2 Results FY27 Preview: Results Date, Expectations and the Numbers That Will Decide the September 2026 Quarter"],"rank_math_description":["HEG Q2 results preview: check the expected results date, June 2026 quarter numbers, Q2 FY26 base quarter, five-quarter trend, key factors and valuation ahead of Q2 FY27."],"rank_math_focus_keyword":["HEG Q2 Results FY27 Preview: Results Date, Expectations and the Numbers That Will Decide the September 2026 Quarter"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/heg-q2-results-fy27-preview-date-expectations.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/255557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=255557"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/255557\/revisions"}],"predecessor-version":[{"id":255559,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/255557\/revisions\/255559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/255555"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=255557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=255557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=255557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}