HAHEG Advanced Materials509631Quarterly results

Q2 FY27 results, anode plant expansion to 44,000 MT, graphene and crucible projects approved

Q2 FY27 (consolidated): revenue ₹429.94 crore, EBITDA ₹312.78 crore, profit after tax ₹208.89 crore.

By ScoutQuest · Wed 4 Nov 2026, 12:23 AM IST · 2 min read

Q2 FY27 Revenue

₹429.94 crore

Q2 FY27 EBITDA

₹312.78 crore

Q2 FY27 Profit After Tax

₹208.89 crore

What the company announced

The update is a press release covering the company's results for the quarter and half year ended 30 September 2026, board approvals for expanding the anode plant and setting up new businesses, and implementation of an ESOP scheme.

The release also notes that the HEG Composite Scheme became effective on 1 September 2026: the graphite electrodes business was transferred to HEG Limited and Bhilwara Energy Limited was amalgamated into the Company. Results therefore present continuing and discontinued operations separately, and current financial figures are not comparable to previous figures owing to the demerger.

Q2 FY27 (consolidated)

• Revenue from continuing operations: ₹429.94 crore
• EBITDA: ₹312.78 crore
• Profit after tax: ₹208.89 crore

H1 FY27 (consolidated)

• Revenue from continuing operations: ₹725.80 crore
• EBITDA: ₹438.00 crore
• Profit after tax: ₹269.07 crore

Anode plant expansion approved

The Board approved expanding the anode plant, taking total anode capacity to 44,000 MT at a capex of INR 1606 Cr. The first phase is planned to come into operation by June 2027 and the balance by March 2029.

The release states that construction of the Phase I anode materials facility has reached 61% overall progress, with process building at 72.25 COD planned for June 2027, and that Phase II will come up on existing infrastructure, power connection and land at the Dewas site.

Other board approvals

• A crucible project intended to give backward integration and cost optimisation with the anode plant.
• A graphene project.
• An ESOP scheme implemented by the company.

Business context given in the release

• Global lithium-ion battery production is expected to grow from about 2.3 TWh in 2025 to about 8 TWh by 2035, with non-China anode demand set to exceed 1 Mn tons by 2030.
• The battery energy storage business (REPLUS) has an operational 1 GWh facility in Pune, with a further line under construction that would take manufacturing capacity to 6 GWh on completion.
• The green power businesses operate hydroelectric capacity in Himachal Pradesh and a wind project in Maharashtra, described as debt-free, with the existing hydro assets generating annual cash flows of over ₹300 crore.

What this means for a retail reader

This is a results-plus-expansion update. It combines reported profit numbers for the quarter and half year with fresh board approvals for capital spending on new capacity and new businesses. Because the demerger changes the business mix, the release itself says the current financials are not comparable with the previous period's figures, so year-on-year comparisons need care. The expansion plans and timelines are stated as proposals and forward-looking, and the release notes these are subject to risks and uncertainties.

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.

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