HEG Advanced Materials shares jump 20 percent on strong quarterly earnings

Shares of HEG Advanced Materials locked into the 20 percent upper circuit at ₹289 following strong September-quarter financial results. This marked the stock's largest single-day gain since October 2018. The rally pushed its total returns for 2026 to 27.35 percent, placing the stock on track for gains in the fourth straight year.

Earnings and Expansion

For the quarter that ended in September 2026, the company reported consolidated revenue of ₹430 crore from continuing operations and total income of ₹546 crore. Earnings before interest, taxes, depreciation, and amortization stood at ₹313 crore, while profit after tax reached ₹209 crore. For the first half of fiscal year 2027, consolidated revenue from continuing operations hit ₹726 crore with a profit after tax of ₹269 crore. Chairman, Managing Director, and CEO Riju Jhunjhunwala stated that the company remains focused on research and development to build a globally competitive advanced materials platform. Construction on the first phase of the company's anode materials plant has reached 61 percent progress, with commercial operations scheduled for June 2027. A second phase aims to add another plant by March 2029 to bring total capacity to 44,000 metric tonnes.

Context

HEG Advanced Materials operates in the growing sector of advanced battery materials and green power, which supports the transition toward electric vehicles and renewable energy storage. Companies in this space are scaling up manufacturing capacities to meet rising international demand as global cell manufacturers diversify their supply chains away from single regions.