HEG Ltd’s shares dropped over 2% on Tuesday (February 11) after the company reported mixed Q3FY25 results. As of 9:22 AM, the shares were trading 2.26% lower at Rs 343.05.
Despite a 90.9% YoY surge in net profit to ₹83.4 crore from ₹43.7 crore in Q3FY24, revenue from operations declined 14.9% YoY to ₹478.4 crore.
At the operational level, EBITDA fell 7.7% to ₹79.9 crore from ₹86.6 crore, while EBITDA margin improved to 16.7% from 15.4% in the same quarter last year.
HEG Board Approves Investment Expansion
HEG’s board approved an increase in investment limits from ₹250 crore to ₹350 crore, aimed at listed Indian and overseas companies. These investments will be executed via secondary market transactions or the Overseas Portfolio Investment Scheme, following RBI and FEMA guidelines.
Additionally, the board sanctioned an unsecured loan of ₹100 crore to its associate company, Bhilwara Energy Limited.
HEG Limited’s stock opened at ₹348.05, reaching a high of ₹349.00 and a low of ₹342.20. The stock remains near its 52-week low of ₹321.00, significantly below its 52-week high of ₹619.50.
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