HEG falls after Q1 profit plunge

Reuters August 16 | Updated on August 16, 2019 Published on August 16, 2019

Shares of HEG Ltd fell as much as 8 per cent to Rs 972.7, the lowest since July 23.

The graphite electrodes maker's June-quarter profit plunged ~70 per cent to Rs 234 crore ($32.79 million). Total revenue fell by 46 per cent to Rs 856 crore. The revenue from graphite business dipped 48 per cent.

Up to last close, the stock is down 73 per cent this year ($1 = 71.3575 rupees)

Published on August 16, 2019
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.