Integrated Filing — IndAS

General information about company
Scrip Code	509631
NSE Symbol	HEG
MSEI Symbol	NOTLISTED
ISIN	INE545A01024
Name of company	HEG LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	19-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	24-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	19-May-2025   13:30:00
End date and time of board meeting	19-May-2025   17:30:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-02-11
Indicate Company website link for updated RPT policy of the Company	https://hegltd.com/wp-content/uploads/2022/05/HEG_RPT-Policy_09.02.2022.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
Not Applicable during the period under review.

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	5365800000	21527100000
	Other income	436300000	1266800000
	Total income	5802100000	22793900000
2	Expenses
(a)	Cost of materials consumed	2435300000	9547300000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-352900000	-509700000
(d)	Employee benefit expense	273900000	971800000
(e)	Finance costs	120100000	392000000
(f)	Depreciation, depletion and amortisation expense	545500000	2005400000
(f)	Other Expenses
1	Power and fuel	783500000	3316500000
2	Other expenses	2712700000	5592400000
	Total other expenses	3496200000	8908900000
	Total expenses	6518100000	21315700000
3	Total profit before exceptional items and tax	-716000000	1478200000
4	Exceptional items	0	0
5	Total profit before tax	-716000000	1478200000
6	Tax expense
7	Current tax	208800000	484200000
8	Deferred tax	-308000000	-19100000
9	Total tax expenses	-99200000	465100000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	-616800000	1013100000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	-616800000	1013100000
17	Other comprehensive income net of taxes	-7000000	-300000
18	Total Comprehensive Income for the period	-623800000	1012800000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	386000000	386000000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		41209300000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-3.2	5.25
	Diluted earnings (loss) per share from continuing operations	-3.2	5.25
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	-3.2	5.25
	Diluted earnings (loss) per share from continuing and discontinued operations	-3.2	5.25
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Notes: n n1. These Standalone financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) as prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued there under. n n2. The above Standalone financial results have been reviewed by Audit Committee and approved by Board of Directors in their respective meetings held on 19th May, 2025. The Statutory Auditors have expressed an unmodified opinion on the aforesaid results. n n3. The figures of quarter ended 31st March, 2025 and 31st March, 2024 are the balancing figures between the audited figures in respect of full financial year and the published figures of nine months ended 31st December, 2024 and 31st December, 2023 respectively, which were subject to limited review by the Statutory Auditors. n n4. Other lncome/Other Expense include net impact of mark to market gain/loss on investments measured at fair value through profit or loss in accordance with Ind AS 109 'Financial Instruments' as mentioned below: n n* The net loss for the quarter and year to date includes Rs. 159.90 crores and Rs. 80.16 crores respectively in respect to decrease in fair value of investment in equity shares of Graftech International Limited, USA. n

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	18869800000
	Capital work-in-progress	208700000
	Investment property	64800000
	Goodwill	0
	Other intangible assets	11100000
	Intangible assets under development	4900000
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	8864800000
	Trade receivables, non-current
	Loans, non-current	9700000
	Other non-current financial assets	521900000
	Total non-current financial assets	9396400000
	Deferred tax assets (net)	1045600000
	Other non-current assets	201800000
	Total non-current assets	29803100000
2	Current assets
	Inventories	12546400000
	Current financial asset
	Current investments	3448100000
	Trade receivables, current	4399400000
	Cash and cash equivalents	236500000
	Bank balance other than cash and cash equivalents	947800000
	Loans, current	8300000
	Other current financial assets	682500000
	Total current financial assets	9722600000
	Current tax assets (net)
	Other current assets	1386000000
	Total current assets	23655000000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	53458100000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	386000000
	Other equity	41209300000
	Total equity attributable to owners of parent	41595300000
	Non controlling interest
	Total equity	41595300000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	8000000
	Total non-current financial liabilities	8000000
	Provisions, non-current	52900000
	Deferred tax liabilities (net)	941200000
	Deferred government grants, Non-current
	Other non-current liabilities	49500000
	Total non-current liabilities	1051600000
	Current liabilities
	Current financial liabilities
	Borrowings, current	5848600000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	107900000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	3876100000
	Total Trade payable	3984000000
	Other current financial liabilities	623200000
	Total current financial liabilities	10455800000
	Other current liabilities	170300000
	Provisions, current	43000000
	Current tax liabilities (Net)	142100000
	Deferred government grants, Current
	Total current liabilities	10811200000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	11862800000
	Total equity and liabilites	53458100000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Graphite	5262700000	21200500000
2	Power	103100000	326600000
3	Others	0	0
	Total Segment Revenue	5365800000	21527100000
	Less: Inter segment revenue	0	0
	Revenue from operations	5365800000	21527100000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Graphite	904600000	2166100000
2	Power	43800000	157700000
3	Others	0	0
	Total Profit before tax	948400000	2323800000
	i. Finance cost	120100000	120100000
	ii. Other Unallocable Expenditure net off Unallocable income	1544300000	1544300000
	Profit before tax	-716000000	1478200000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Graphite	38611400000	38611400000
2	Power	210500000	210500000
3	Others	0	0
	Total Segment Asset	38821900000	38821900000
	Un-allocable Assets	14636200000	14636200000
	Net Segment Asset	53458100000	53458100000
4	Segment Liabilities
	Segment Liabilities
1	Graphite	10652600000	10652600000
2	Power	25000000	25000000
3	Others	0	0
	Total Segment Liabilities	10677600000	10677600000
	Un-allocable Liabilities	1185200000	1185200000
	Net Segment Liabilities	11862800000	11862800000
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement of employee defined benefit plan	-9400000	-400000
	Total Amount of items that will not be reclassified to profit and loss	-9400000	-400000
2	Income tax relating to items that will not be reclassified to profit or loss	-2400000	-100000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-7000000	-300000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			1478200000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			357500000
	Adjustments for decrease (increase) in inventories			-656100000
	Adjustments for decrease (increase) in trade receivables, current			0
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			-63200000
	Adjustments for other financial assets, current			376100000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			0
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			2005400000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-22500000
	Adjustments for provisions, non-current			11600000
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			29600000
	Adjustments for dividend income			18500000
	Adjustments for interest income			156800000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			427600000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			-124800000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			2165900000
	Net cash flows from (used in) operations			3644100000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			454200000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			3189900000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			772800000
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			32200000
	Purchase of property, plant and equipment			1805700000
	Proceeds from sales of investment property			5673900000
	Purchase of investment property			7694900000
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			18500000
	Interest received			269400000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			1815800000
	Net cash flows from (used in) investing activities	-2463600000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			-376300000
	Repayments of borrowings			0
	Payments of lease liabilities			5100000
	Dividends paid			872500000
	Interest paid			337400000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-1591300000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-865000000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-865000000
	Cash and cash equivalents cash flow statement at beginning of period			1101500000
	Cash and cash equivalents cash flow statement at end of period			236500000