HEGAM Q3 FY26 Guidance vs Delivery (HEGAM Management Mirror)

Did HEGAM's management deliver what it guided? Guidance vs actual performance and tone changes across recent earnings calls, as of the Q3 FY26 (Dec-2025 Qtr) concall.

  • HEGAM Financials
  • HEGAM Shareholding Pattern
  • HEGAM Earnings Documents
  • HEGAM Announcements
  • HEGAM Corporate Actions
  • HEGAM Bulk, Block & Insider Deals
  • HEGAM Delivery Data
  • HEGAM Earnings Concalls
  • Market Timeline
  • Concall Monitor
  • Company Research
  • Earnings Monitor
  • Upcoming Results
  • Sector Monitor
  • Sector Performance
  • Bulk & Block Deals
  • Delivery Data
  • FII & DII Activity
  • Market Indices
  • Plans & Pricing

HEG Ltd (HEGAM) Q3FY26 Management Mirror - Dec-2025 Qtr

Capacity Expansion & Projects

Graphite Electrodes (Reaffirmed): Management consistently targets expanding capacity by 15,000 tons (to 115,000 tons total). Completion timeline remains "early 2028" (or Jan-Mar'28), unchanged from the Jun'25 and Sep'25 outlooks.

Anode Plant (New Timeline Detail): The new anode plant is expected to be commissioned by Q1 FY28 (Jun'27), with peak revenue contribution anticipated from FY29. This aligns with earlier broad guidance of operational status by 2027.

Green Tech (Updated): Power prices for the anode project are secured at significantly below 5/unit for at least 5 years post-commencement.

4 more themes on the ELITE plan.

  • HEGAM Q3FY26 Concall Summary
  • HEGAM Q3FY26 Concall Transcript
  • HEGAM Q2FY26 Management Mirror (Sep-2025 Qtr)
  • HEGAM Q4FY26 Management Mirror (Mar-2026 Qtr)