Q2 and H1 FY27 results, anode capacity expansion to 44,000 MT, crucible and graphene projects approved
H1 FY27 EBITDA ₹438.00 crore, profit after tax ₹269.07 crore; Q2 revenue ₹429.94 crore, EBITDA ₹312.78 crore.
By ScoutQuest · · 2 min read
- H1 FY27 EBITDA
- ₹438.00 crore
- H1 FY27 Profit After Tax
- ₹269.07 crore
- Anode Capacity Expansion / Capex
- 44,000 MT, capex INR 1606 Cr
Results at a glance
- H1 FY27 consolidated EBITDA came in at ₹438.00 crore, with profit after tax of ₹269.07 crore.
- For Q2 FY27, revenue from continuing operations was ₹429.94 crore and EBITDA was ₹312.78 crore.
The company explained that results now present continuing and discontinued operations separately because the composite scheme became effective on 1 September 2026, and said current financial figures are not comparable with previous ones owing to the demerger.
Anode plant expansion approved
The board approved expanding the anode plant to 44,000 MT of capacity at a capex of INR 1606 Cr. The new capacity is targeted to come into operation in phases, with the first phase by June 2027 and the balance by March 2029. The company said the second phase will be built on existing infrastructure, power connection and land at the Dewas site.
Two new projects approved
- A crucible project, aimed at backward integration and cost optimisation with the anode plant, at a capex of INR 475 Cr.
- A graphene project, at a capex of INR 500 Cr.
Employee stock options
An ESOP scheme has been implemented.
Other business updates
- REPLUS, the battery energy solutions arm, has deployed storage capacity across BESS, electric mobility, telecom power and hybrid applications, and a high-speed prismatic line expansion is under construction.
- The green power businesses, made up of hydroelectric projects in Himachal Pradesh and a wind project in Maharashtra, are described as debt-free, with the existing hydro assets generating stable annual cash flows. A battery storage project for Gujarat Urja Vikas Nigam Limited is targeted for commissioning in Q3 FY27.
Points a reader may want to weigh
- The anode expansion, crucible and graphene plans are board-approved capital projects; the timelines given are targets, and the release carries a forward-looking statement caution about risks and uncertainties.
- Capital spending of this size is spread over several years, and the company has flagged disciplined capital allocation and timely execution as priorities.
In one line
A results release that pairs reported profits with board approvals for a larger anode plant and two new materials businesses.
Also from HEG Advanced Materials
Board approves MOA change adding anode, graphene, crucible objects; clears Rs. 2,350 crore anode cost
4 Nov 2026
Q2 FY27 results, anode plant expansion to 44,000 MT, graphene and crucible projects approved
4 Nov 2026
Board approves Q2 results, Rs. 2,350 crore Anode Phase-1 cost, Crucible and Graphene plants
3 Nov 2026
More numbers
- H1 FY27 consolidated EBITDA₹438.00 crore
- H1 FY27 profit after tax₹269.07 crore
- Q2 FY27 revenue from continuing operations₹429.94 crore
- Q2 FY27 EBITDA₹312.78 crore
- Capex for anode capacity expansionINR 1606 Cr
- Total anode capacity after expansion44,000 MT
- Capex for crucible projectINR 475 Cr
- Capex for graphene projectINR 500 Cr
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