Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 & 33 of SEBI LODR Regulations, 2015
Date of Board Meeting / Approval: July 22, 2026 (Commencement: 02:00 PM, Conclusion: 05:00 PM)
Audit Opinion: Unmodified conclusion (clean opinion) expressed by statutory auditors M/s SCV & Co. LLP, Chartered Accountants
Auditor’s Comment: No qualifications or modifications affecting earnings quality, internal controls, or going concern
Key Financial Highlights [₹ in Crores]
Standalone Results:
Revenue from Operations: ₹680.91 crore (Q1 FY27) vs ₹612.78 crore (Q1 FY26) [11.1% YoY growth] vs ₹603.21 crore (Q4 FY26)
Total Income: Not separately specified beyond revenue from operations
EBITDA: Not explicitly disclosed
Net Profit: Profit before tax of ₹151.79 crore (Q1 FY27) vs ₹92.42 crore (Q1 FY26) vs loss of ₹189.01 crore (Q4 FY26)
EPS: Not disclosed for standalone
Other Equity: Not disclosed for the quarter
Cash and Cash Equivalents: Not disclosed for the quarter
Debt: Not separately disclosed for the quarter
Consolidated Results:
Revenue from Operations: ₹680.79 crore (Q1 FY27) vs ₹612.78 crore (Q1 FY26) [11.1% YoY growth] vs ₹603.21 crore (Q4 FY26)
Other Income: ₹43.56 crore (Q1 FY27) vs ₹60.49 crore (Q1 FY26) vs ₹39.89 crore (Q4 FY26)
Total Income: ₹724.35 crore (Q1 FY27) vs ₹673.27 crore (Q1 FY26) vs ₹643.10 crore (Q4 FY26)
EBITDA: Not explicitly disclosed
Net Profit: ₹122.34 crore profit (Q1 FY27) vs ₹99.81 crore profit (Q1 FY26) vs ₹118.80 crore loss (Q4 FY26)
EPS: ₹6.34 basic & diluted from continuing operations (Q1 FY27) vs ₹5.17 (Q1 FY26) vs ₹(6.16) (Q4 FY26)
Other Equity: Not disclosed for the quarter
Cash and Cash Equivalents: Not disclosed for the quarter
Debt: Not separately disclosed for the quarter
Segment-wise Performance [₹ in Crores]:
Standalone Segment Revenue (Q1 FY27):
- Graphite: ₹677.77 crore
- Power: ₹3.14 crore
- Others: ₹0.00 crore
- Total Revenue: ₹680.91 crore
Standalone Segment Results/Profit (Q1 FY27):
- Graphite: ₹149.64 crore profit
- Power: ₹1.10 crore profit
- Others: ₹0.00 crore
- Total Segment Results: ₹150.74 crore profit
Consolidated Segment Revenue (Q1 FY27):
- Graphite: ₹677.65 crore
- Power: ₹3.14 crore
- Others: ₹0.00 crore
- Total Revenue from Continuing Operations: ₹680.79 crore
Consolidated Segment Results/Profit (Q1 FY27):
- Graphite: ₹149.64 crore profit
- Power: ₹1.10 crore profit
- Others: ₹(0.92) crore loss
- Total Segment Results from Continuing Operations: ₹149.82 crore profit
Corporate Actions:
Dividend: Not declared
Share Split/Bonus/Buyback: Not announced
Capital Raising: Not announced
Other Significant Information:
Seasonal Operations: The power segment operations at Hydro Power Plant in Tawa Nagar are seasonal, working intermittently during Q1 based on irrigation requirements, operating in Q2 depending on monsoon, and continuing in Q3 before tapering down in Q4.
Investment Valuation: Other income includes net impact of mark-to-market gain/loss on investments measured at fair value through profit or loss. For Q1 FY27, there was a net gain of ₹8.59 crore on fair value of investments (primarily equity shares of Graftech International Limited, USA).
Discontinued Operations: During FY26, subsidiary Bhilwara Infotechnology Limited sold its Infotech Division to Texnere India Private Limited and discontinued its Medical Transcription Business effective March 31, 2026.
Associate Company Matters: The review report highlights emphasis of matter regarding subsidiaries of associate Bhilwara Energy Limited:
- NFC Hydro Power Limited: Project on hold due to suspended environment clearance; seeking refund of ₹25.47 crore upfront premium from Government of Arunachal Pradesh (under arbitration)
- Chango Yangthang Hydro Power Limited: Project surrendered; seeking refund of ₹37.89 crore upfront premium from Government of Himachal Pradesh
Entities in Consolidation:
1. HEG Limited (Holding Company)
2. TACC Limited (Wholly owned Subsidiary)
3. HEG Graphite Limited (Wholly owned Subsidiary)
4. Bhilwara Infotechnology Limited (Wholly owned Subsidiary)
5. Bhilwara Energy Limited (Associate)