{"id":80750,"date":"2026-05-04T14:01:03","date_gmt":"2026-05-04T08:31:03","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=80750"},"modified":"2026-05-04T14:01:03","modified_gmt":"2026-05-04T08:31:03","slug":"heg-limited-q4-fy26-results-net-loss-113-crore","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/heg-limited-q4-fy26-results-net-loss-113-crore\/","title":{"rendered":"Net Loss Rs -113.77 Crore | HEG Q4 FY26 Results"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p>HEG announced its Q4 FY26 financial results on April 29, 2026, reporting Net Loss of Rs -113.77 crore, a multifold loss percent year-on-year decline, as the Graphite Electrodes Manufacturing company delivered its January to March 2026 quarter earnings. HEG Q4 FY26 results are closely tracked by investors as a key indicator of the company&#8217;s performance trajectory. This article covers the HEG Q4 FY26 financial highlights, performance analysis, full year FY26 summary, management outlook, and frequently asked questions on HEG Q4 results.<\/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-limited-q4-fy26-results-net-loss-113-crore\/#HEG_Q4_FY26_Financial_Highlights\" title=\"HEG Q4 FY26 Financial Highlights\">HEG Q4 FY26 Financial Highlights<\/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-limited-q4-fy26-results-net-loss-113-crore\/#HEG_Q4_FY26_Performance_Analysis\" title=\"HEG Q4 FY26 Performance Analysis\">HEG Q4 FY26 Performance Analysis<\/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-limited-q4-fy26-results-net-loss-113-crore\/#HEG_Full_Year_FY26_Business_Summary\" title=\"HEG Full Year FY26 Business Summary\">HEG Full Year FY26 Business Summary<\/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-limited-q4-fy26-results-net-loss-113-crore\/#HEG_Q4_FY26_Outlook_and_FY27_Priorities\" title=\"HEG Q4 FY26 Outlook and FY27 Priorities\">HEG Q4 FY26 Outlook and FY27 Priorities<\/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-limited-q4-fy26-results-net-loss-113-crore\/#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-6\" href=\"https:\/\/univest.in\/blogs-2\/heg-limited-q4-fy26-results-net-loss-113-crore\/#Frequently_Asked_Questions_on_HEG_Q4_FY26_Results\" title=\"Frequently Asked Questions on HEG Q4 FY26 Results\">Frequently Asked Questions on HEG Q4 FY26 Results<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/heg-limited-q4-fy26-results-net-loss-113-crore\/#What_were_the_HEG_Q4_FY26_results\" title=\"What were the HEG Q4 FY26 results?\">What were the HEG Q4 FY26 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/heg-limited-q4-fy26-results-net-loss-113-crore\/#What_was_HEG_Q4_FY26_PAT\" title=\"What was HEG Q4 FY26 PAT?\">What was HEG Q4 FY26 PAT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/heg-limited-q4-fy26-results-net-loss-113-crore\/#What_was_HEG_Q4_FY26_revenue\" title=\"What was HEG Q4 FY26 revenue?\">What was HEG Q4 FY26 revenue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/heg-limited-q4-fy26-results-net-loss-113-crore\/#Did_HEG_declare_a_dividend_after_Q4_FY26_results\" title=\"Did HEG declare a dividend after Q4 FY26 results?\">Did HEG declare a dividend after Q4 FY26 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/heg-limited-q4-fy26-results-net-loss-113-crore\/#What_is_the_outlook_for_HEG_after_Q4_FY26\" title=\"What is the outlook for HEG after Q4 FY26?\">What is the outlook for HEG after Q4 FY26?<\/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-limited-q4-fy26-results-net-loss-113-crore\/#How_did_HEG_Q4_FY26_compare_year_on_year\" title=\"How did HEG Q4 FY26 compare year on year?\">How did HEG Q4 FY26 compare year on year?<\/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-limited-q4-fy26-results-net-loss-113-crore\/#What_sector_does_HEG_operate_in\" title=\"What sector does HEG operate in?\">What sector does HEG operate in?<\/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-limited-q4-fy26-results-net-loss-113-crore\/#Is_HEG_a_good_investment_after_Q4_FY26_results\" title=\"Is HEG a good investment after Q4 FY26 results?\">Is HEG a good investment after Q4 FY26 results?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/heg-limited-q4-fy26-results-net-loss-113-crore\/#Recent_Article\" title=\"Recent Article\">Recent Article<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"HEG_Q4_FY26_Financial_Highlights\"><\/span><strong>HEG Q4 FY26 Financial Highlights<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>HEG Limited reported Q4 FY26 consolidated net loss of Rs 113.77 crore, a sharp reversal from a profit of Rs 206.97 crore in Q3 FY26, driven by a substantial inventory write-down. Revenue from operations grew 15.6 percent year-on-year to Rs 603 crore from Rs 537 crore in Q4 FY25. PBDIT excluding other income turned negative at Rs minus 148.29 crore, the worst operating performance in at least eight quarters. Despite the quarterly loss, the board recommended a dividend of Rs 3.40 per share for FY26. The board recommended a dividend of Rs 3.40 per share for FY26.<\/p>\n<table>\n<tbody>\n<tr>\n<th>Metric<\/th>\n<th>Q4 FY26<\/th>\n<th>Q4 FY25<\/th>\n<th>YoY Change<\/th>\n<\/tr>\n<tr>\n<td>Revenue \/ Total Income<\/td>\n<td>Rs 603 crore<\/td>\n<td>Refer NSE\/BSE filing<\/td>\n<td>Grew 15.6 percent YoY<\/td>\n<\/tr>\n<tr>\n<td>Net Loss<\/td>\n<td>Rs -113.77 crore<\/td>\n<td>Refer NSE\/BSE filing<\/td>\n<td>Lower multifold loss percent YoY<\/td>\n<\/tr>\n<tr>\n<td>Full Year FY26 PAT<\/td>\n<td>Refer annual filing<\/td>\n<td>Refer filing<\/td>\n<td>As reported<\/td>\n<\/tr>\n<tr>\n<td>Dividend (FY26)<\/td>\n<td>Rs 3.40 per share<\/td>\n<td>Refer filing<\/td>\n<td>FY26 final<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Also Read:<\/strong> <a href=\"https:\/\/univest.in\/blogs-2\/bhansali-engineering-polymers-q4-fy26-results-pat-51-crore\/\">Bhansali Engineering Polymers Q4 FY26 Results<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"HEG_Q4_FY26_Performance_Analysis\"><\/span><strong>HEG Q4 FY26 Performance Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>HEG Q4 FY26 net loss of Rs 113.77 crore was driven by a substantial inventory write-down of graphite electrode and needle coke inventory. Operating margin collapsed to negative 24.58 percent in HEG Q4 FY26 from a positive 21.74 percent in Q3 FY26, raising near-term concerns about inventory valuation and demand.<\/p>\n<p>HEG Q4 FY26 revenue of Rs 603 crore grew 15.6 percent YoY despite the operating challenges, reflecting underlying demand from EAF steel producers. However, PAT margin turned deeply negative at minus 19.69 percent. Shares fell 11 percent following the results. The board recommended a dividend of Rs 3.40 per share.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"HEG_Full_Year_FY26_Business_Summary\"><\/span><strong>HEG Full Year FY26 Business Summary<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>FY26 was a volatile year for HEG as graphite electrode markets faced pricing pressure from Chinese competition while Indian EAF steel demand provided some volume support. The Q4 inventory write-down wiped out gains accumulated over the three preceding profitable quarters.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"HEG_Q4_FY26_Outlook_and_FY27_Priorities\"><\/span><strong>HEG Q4 FY26 Outlook and FY27 Priorities<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>HEG FY27 outlook depends on graphite electrode price recovery, inventory normalisation, needle coke procurement costs, and global EAF steel production growth. India&#8217;s growing secondary steel capacity is a structural domestic demand driver but Chinese export pressure on electrode pricing is a persistent headwind.<\/p>\n<p>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or the <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to get daily stock recommendations and insightful research pieces!<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>HEG Q4 FY26 results<\/strong> provide investors with the company&#8217;s January to March 2026 performance data. HEG Q4 FY26 Net Loss of Rs -113.77 crore reflects the operational performance in the Graphite Electrodes Manufacturing sector. Investors tracking <strong>HEG Q4<\/strong> results should review the complete audited financials on NSE and BSE exchange filings before making any investment decision. HEG Q4 FY26 is an important milestone in the company&#8217;s annual earnings calendar.<\/p>\n<p><em>This article on HEG Q4 FY26 results is for informational and educational purposes only. It is not investment advice. Please consult a SEBI registered investment advisor before making any investment decision. Past performance is not indicative of future results.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_HEG_Q4_FY26_Results\"><\/span><strong>Frequently Asked Questions on HEG Q4 FY26 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_HEG_Q4_FY26_results\"><\/span><strong>What were the HEG Q4 FY26 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>HEG Q4 FY26 results were announced on April 29, 2026. The company reported Net Loss of Rs -113.77 crore for the January to March 2026 quarter. HEG Q4 FY26 details are in the official NSE and BSE exchange filings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_HEG_Q4_FY26_PAT\"><\/span><strong>What was HEG Q4 FY26 PAT?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>HEG Q4 FY26 Net Loss was Rs -113.77 crore, lower multifold loss percent YoY. The HEG Q4 FY26 results were announced on April 29, 2026, at the board of directors meeting to approve audited financials.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_HEG_Q4_FY26_revenue\"><\/span><strong>What was HEG Q4 FY26 revenue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>HEG Q4 FY26 revenue was Rs 603 crore. Investors should refer to the NSE and BSE exchange filing for the full audited HEG Q4 FY26 revenue breakdown and segmental performance data.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Did_HEG_declare_a_dividend_after_Q4_FY26_results\"><\/span><strong>Did HEG declare a dividend after Q4 FY26 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes, HEG declared a dividend of Rs 3.40 per share as part of the Q4 FY26 results announcement, subject to shareholder approval at the AGM.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_outlook_for_HEG_after_Q4_FY26\"><\/span><strong>What is the outlook for HEG after Q4 FY26?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>HEG FY27 outlook depends on graphite electrode price recovery, inventory normalisation, needle coke procurement costs, and global EAF steel production growth. India&#8217;s growing secondary steel capacity is a structural domestic demand driver but Chinese&#8230; Investors should monitor management commentary and quarterly filings for updated guidance on HEG Q4 FY26 performance sustainability into FY27.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_HEG_Q4_FY26_compare_year_on_year\"><\/span><strong>How did HEG Q4 FY26 compare year on year?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>HEG Q4 FY26 Net Loss of Rs -113.77 crore was lower multifold loss percent YoY. The year-on-year comparison for HEG Q4 FY26 versus Q4 FY25 is available in the official audited NSE and BSE exchange filings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_sector_does_HEG_operate_in\"><\/span><strong>What sector does HEG operate in?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>HEG operates in the Graphite Electrodes Manufacturing sector in India and is listed on NSE and BSE. HEG Q4 FY26 results reflect the broader Graphite Electrodes Manufacturing sector trends for the January to March 2026 quarter. Contextualising HEG Q4 performance within industry dynamics requires reviewing sector-level data alongside management commentary.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_HEG_a_good_investment_after_Q4_FY26_results\"><\/span><strong>Is HEG a good investment after Q4 FY26 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Whether HEG is a good investment after the HEG Q4 FY26 results depends on your individual financial goals, risk tolerance, and investment horizon. HEG Q4 FY26 results provide one data point on the company&#8217;s trajectory. Always consult a SEBI registered financial advisor before making any investment decision.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Recent_Article\"><\/span><strong>Recent Article<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"text-xl font-bold font-Inter mb-4\"><a href=\"https:\/\/univest.in\/blogs\/why-is-ahlucont-share-price-falling-key-reasons-2026\">Why Is Ahluwalia Contracts Share Price Falling Key Reasons 2026<\/a><\/p>\n<p class=\"text-xl font-bold font-Inter mb-4\"><a href=\"https:\/\/univest.in\/blogs\/why-is-ahlucont-share-price-falling-key-reasons-2026\">Why Is Ahluwalia Contracts Share Price Falling Key Reasons 2026<\/a><\/p>\n<p class=\"text-xl font-bold font-Inter mb-4\"><a href=\"https:\/\/univest.in\/blogs\/why-is-nuvoco-share-price-falling-key-reasons-2026\">Why Is Nuvoco Vistas Corporation Share Price Falling Key Reasons 2026<\/a><\/p>\n<p class=\"text-xl font-bold font-Inter mb-4\"><a href=\"https:\/\/univest.in\/blogs\/why-is-capacite-share-price-falling-key-reasons-2026\">Why Is Capacite Infraprojects Share Price Falling Key Reasons 2026<\/a><\/p>\n<p class=\"text-xl font-bold font-Inter mb-4\"><a href=\"https:\/\/univest.in\/blogs\/why-is-psp-projects-share-price-falling-key-reasons-2026\">Why Is PSP Projects Share Price Falling Key Reasons 2026<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HEG Q4 FY26 results April 29, 2026: Net Loss Rs -113.77 crore, down multifold loss% YoY. Revenue, analysis, management outlook and investor FAQs covered.<\/p>\n","protected":false},"author":28,"featured_media":81358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[3802,3858],"class_list":["post-80750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-news","tag-q4-results"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1777883707:28"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["842"],"rank_math_seo_score":["70"],"rank_math_title":["HEG Q4 FY26: Net Loss Rs 113.77 Cr Inventory Write-Down"],"rank_math_description":["HEG Q4 FY26 results April 29 2026: Net Loss Rs -113.77 crore, lower multifold loss percent YoY. Revenue, highlights, FAQs and analysis Full Q4 FY26 breakdown. April 29 2026"],"rank_math_focus_keyword":["HEG Q4 FY26"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"_wp_old_date":["2026-05-01"],"_thumbnail_id":["81358"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/05\/04140032\/HEG-Q4-FY26-Results.jpg","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/80750","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\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=80750"}],"version-history":[{"count":2,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/80750\/revisions"}],"predecessor-version":[{"id":81359,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/80750\/revisions\/81359"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/81358"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=80750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=80750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=80750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}