HEG plunges 14% on poor Q3 earnings, Co posts net loss of Rs 1.23 crore

In the past one year, shares of the company have slipped 51 per cent against nearly 12 per cent rise in the Nifty50 index.

Shares of graphite electrode manufacturer HEG slipped nearly 14 per cent on Wednesday after the company reported poor set of financial numbers for the quarter ended December 31, 2019 (Q3FY20). 

The company reported consolidated loss of Rs 1.23 crore for the quarter under review against Rs 444.60 crore profit registered in the year-ago period. Total revenue declined 78 per cent year-on-year (YoY) to Rs 420.97 crore. 

Earnings before interest, tax, depreciation and amortisation (Ebitda) fell 99.6 per cent to Rs 4.7 crore while margin stood at 1.2 per cent against 70.4 per cent in the year-ago period.

Earnings per share