HEG Ltd reported -18.82% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs319.59cr. The company’s principal product of graphite electrodes used in arc furnaces in the steel industry saw tapering demand and that led to weak sales. The power sector revenues were up more than 4-fold but it was on a very small base to make an impact on the overall sales numbers.
The consolidated loss for the quarter narrowed marginally to Rs-0.80cr for the Dec-20 quarter as compared to a loss of Rs-1.23cr in the Dec-19 quarter. The loss was above Rs-15cr in the sequential Sep-20 quarter. While the revenues were lower, the cost of raw materials nearly halved on a yoy basis, giving some respite to the bottom line. Margins for the quarter may not be too relevant but the narrowing of loss is a positive.
Financial highlights for Dec-20 compared yoy and sequentially
|
|
HEG Ltd |
|
|
|
|
|
Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
|
Total Income (Rs cr) |
₹ 319.59 |
₹ 393.69 |
-18.82% |
₹ 322.88 |
-1.02% |
|
Net Profit (Rs cr) |
₹ -0.80 |
₹ -1.23 |
-34.96% |
₹ -15.36 |
-94.79% |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
₹ -0.21 |
₹ -0.32 |
|
₹ -3.98 |
|
|
Net Margins |
-0.25% |
-0.31% |
|
-4.76% |
|
Related Tags: