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HEG Ltd. reported a gentle operational efficiency in Q1 FY23. For Q1 FY23, standalone operations capability utilisation was at 92%. For Q1 FY23, whole working earnings was at Rs 722 crore, up 75% YoY, 7% QoQ.
Reported Ebitda for the quarter was at Rs 184 crore, up 154% YoY, 17% QoQ. Ebitda margin for the quarter was at 25.5%, up 800 foundation factors YoY, 220 bps QoQ.
Ensuing standalone internet revenue for the quarter was at Rs 134 crore, up 139% YoY, 18% QoQ.
Going ahead, demand for graphite electrode and realisation is predicted to stay risky within the close to time period whereas price inflation could proceed so as to add stress on margins.
HEG’s capability enlargement from 80000 tonnes to 100000 tonnes each year is occurring in full swing and is predicted to be accomplished by finish December 2022 with industrial manufacturing set to begin in January-March 2023 quarter (i.e. This fall FY23E).
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