HEG Q4 Results 2026: Date, Revenue, PAT And Analyst Outlook

Tue Apr 14 2026

HEG (NSE: HEG) is set to announce its Q4 FY26 (January–March 2026) results on May 10, 2026. Trading at Rs 1,380 as of April 2026 — down -37% from its 52-week high of Rs 2,200 — the stock enters this pivotal results event having already corrected meaningfully from peak levels. Q4 FY26 delivers the full-year FY26 performance and the first formal FY27 management guidance.

This preview covers the confirmed results date, analyst consensus estimates, five key performance factors, five risks to monitor, analyst ratings, and the complete share price outlook for HEG ahead of Q4 FY26 results.

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Table of Contents

HEG Q4 Results 2026 Date

The HEG Q4 FY26 results date is May 10, 2026. The board will approve Q4 and full-year FY26 financial results, consider a final dividend for FY26, and provide management’s first formal FY27 business outlook.

Company	Q4 Results Date	Key Metric to Watch
TCS	April 9, 2026 (Declared)	FY27 CC guidance + deal TCV
Infosys	April 23, 2026	CC revenue growth range
HCL Technologies	April 22, 2026	CC growth + EBIT margin
HDFC Bank	April 19, 2026	NIM recovery + loan growth
HEG	May 10, 2026	See estimates below

Why Q4 FY26 Matters

Q4 FY26 is the final quarter of FY2025–26 and carries the highest informational weight of any quarterly result. Beyond the Q4 standalone performance, the HEG board on May 10, 2026 will deliver the complete FY26 annual performance, a final dividend recommendation, and the first formal FY27 guidance commentary — making this the single most important quarterly event for HEG investors.

For HEG in the Graphite Electrodes / UHP sector, Q4 captures the peak-season demand dynamics that typically deliver the quarter’s strongest operating leverage when execution conditions are favourable.

HEG Q4 FY26 Earnings Estimates

HEG Q4 FY26 analyst estimates — Revenue Rs 520 Cr, PAT Rs 42 Cr | univest.in

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Metric	Q4 FY26 Estimate	Q3 FY26 Actual	Trend
Revenue	Rs 520 Cr	Rs 473 Cr	Sequential improvement expected
Net Profit (PAT)	Rs 42 Cr	Rs 38 Cr	Normalisation in progress
Operating Margin	EBITDA 12%	Q3 FY26 level	Stable to improving
Volume / Revenue Growth	+8% volume YoY	Prior quarter	YoY improvement expected
Final Dividend (Expected)	Rs 5	FY26 interim dividends	Board decision on May 10, 2026

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5 Key Factors Driving HEG Q4 FY26 Performance

1. Specialty Chemical Export Recovery

Global destocking approaching resolution. FY27 export recovery expected as buyer inventory normalises.

2. Domestic Industrial Demand

Manufacturing growth in auto, pharma, textiles drives domestic industrial chemical consumption.

3. Import Substitution

PLI schemes and Make in India create domestic demand for chemicals previously imported from China.

4. Raw Material Management

Petroleum derivative and natural gas input costs determine gross margin trajectory.

5. New Product Launches

New specialty molecule registrations expand addressable market and improve realisation.

5 Risks to Watch in HEG Q4 FY26

Risk 1: Input Cost Volatility

Raw material and input cost changes can compress margins unexpectedly.

Risk 2: Revenue Concentration Risk

Customer or geographic concentration creates quarterly variance.

Risk 3: Competitive Pressure

Intensified sector competition may require price or volume concessions.

Risk 4: Regulatory Environment

Policy and regulatory changes can create compliance cost or revenue risks.

Risk 5: Macroeconomic Sensitivity

Global and domestic conditions — tariffs, interest rates, consumption — affect demand.

HEG Share Price and Analyst Ratings

Parameter	Value
CMP (April 2026)	Rs 1,380
52-Week High	Rs 2,200
52-Week Low	Rs 1,200
1-Year Return	-37%
Market Cap	Rs 5,600 Cr
Sector	Graphite Electrodes / UHP
NSE Ticker	HEG
Q4 Results Date	May 10, 2026

Brokerage	Rating	Thesis Summary
Motilal Oswal	BUY	Q4 recovery potential; sector tailwinds intact
YES Securities	ADD	Earnings inflection expected; FY27 guidance key
Kotak Institutional	NEUTRAL	Fair valued at current levels; execution key

Conclusion

HEG Q4 FY26 results on May 10, 2026 will be the most important quarterly event of FY26. At Rs 1,380 — down -37% from its 52-week high of Rs 2,200 — the stock has already priced in significant headwinds. Revenue above Rs 520 Cr with EBITDA 12% would constitute a beat versus analyst consensus. Management’s FY27 guidance is the primary re-rating catalyst that determines whether the current level represents an entry opportunity.

Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All data sourced from publicly available information. Verify before investing. Consult a SEBI-registered financial advisor before making investment decisions.

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Frequently Asked Questions

Q: When is HEG Q4 results 2026 date?

HEG Q4 FY26 results date is May 10, 2026. The board will approve the audited Q4 and full-year FY26 financial results, consider a final dividend, and provide FY27 guidance.

Q: What is HEG Q4 FY26 revenue estimate?

Analyst consensus Q4 FY26 revenue estimate for HEG is Rs 520 Cr. Q3 FY26 actual revenue was Rs 473 Cr. Actual results may differ based on operating conditions.

Q: What is HEG share price ahead of Q4 results?

HEG trades at Rs 1,380 as of April 2026. 52-week high is Rs 2,200; 52-week low is Rs 1,200. 1-year return is -37%. Market cap is Rs 5,600 Cr.

Q: Will HEG declare a dividend in Q4 2026?

HEG is expected to declare Rs 5 as final dividend for FY26, subject to board approval on May 10, 2026 and subsequent AGM shareholder approval.

Q: Which analysts have a Buy rating on HEG?

Motilal Oswal has a BUY rating and YES Securities has an ADD rating on HEG based on publicly available research. Check the Univest Screener for the latest analyst ratings.

Q: What were HEG Q3 FY26 results?

HEG reported Q3 FY26 revenue of Rs 473 Cr and PAT of Rs 38 Cr. The Q4 FY26 results on May 10, 2026 provide the full-year FY26 comparison and first FY27 guidance.

Q: When do TCS and Infosys announce Q4 results 2026?

TCS declared Q4 FY26 results on April 9, 2026. HCL Technologies declared on April 22. HDFC Bank declared on April 19. Infosys Q4 FY26 results are scheduled for April 23, 2026.

Q: Is HEG a good investment ahead of Q4 results?

This article does not constitute investment advice. HEG trades at Rs 1,380 — down -37% from its peak. Analyst consensus Q4 revenue estimate is Rs 520 Cr and PAT estimate is Rs 42 Cr. Review the five factors and five risks above. Consult a SEBI-registered financial advisor before investing.