HAHEG Advanced Materials509631Quarterly results

Demerged graphite company's September 2026 results published pending listing

HEG Advanced Materials has published the unaudited September 30, 2026 quarter and half-year results of HEG Ltd, the unlisted resulting company from the graphite demerger, pending listing of its shares.

By ScoutQuest · Fri 30 Oct 2026, 6:44 PM IST · 2 min read

Half-year total income

Rs. 1,520.64 crore

Half-year total comprehensive income

Rs. 249.93 crore

Half-year EPS (basic and diluted)

Rs. 13.04 (not annualised)

What was announced

• HEG Advanced Materials Ltd (formerly HEG Limited), the listed demerged company, has told the exchanges that it received a letter from HEG Limited (formerly HEG Graphite Limited), the resulting company under the Composite Scheme of Arrangement.
• HEG Limited's equity shares are presently unlisted and the process of getting listing and trading approvals from the exchanges is underway. As an interim measure, it asked the listed company to publish its results so shareholders and investors can see its financial performance.
• The results for the quarter and half year ended September 30, 2026 were approved by HEG Limited's board and come with a limited review report from SCV & Co. LLP, chartered accountants.

Why two similarly named companies are involved

• Under the scheme, the graphite business, including overseas investment, and the assets and liabilities of the TAWA power plant moved from HEG Advanced Materials (the demerged company) into HEG Limited (the resulting company).
• The scheme was approved by the NCLT by its order dated 13th August 2026 and has been given effect in these results in line with Appendix C to Ind AS 103, which deals with business combinations of entities under common control.
• Because the two entities were under common control, the comparative periods in the statement include figures drawn from the books of HEG Advanced Materials.

Key numbers (Rs. crore unless stated)

• Total income for the half year ended 30-09-2026: 1,520.64; total expenses 1,200.93.
• Total comprehensive income for the half year ended 30-09-2026: 249.93.
• Revenue from operations for the year ended 31-03-2026: 2,568.50.
• Earnings per share for the half year: basic and diluted Rs. 13.04 (not annualised).
• Paid-up equity share capital: 38.60, face value Rs. 2 per share.

What it means for you as a shareholder

• You hold shares of the listed demerged company. The graphite business now sits in a separate company whose shares you will receive, and those shares are not yet listed or traded.
• Until listing, this route is how the demerged company's numbers reach the market, so the statement is the running update on the business that has moved out.
• The auditor's review conclusion is unmodified; it draws attention to the scheme accounting in the notes as an emphasis of matter.

What to watch

• Progress on listing and trading approvals for HEG Limited's equity shares.
• The numbers above are for the half year and the year-ago periods as restated for the scheme; they are not directly comparable with the pre-demerger entity's reported figures.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev