Advanced materials maker rises after Q2 expansion approval
HEG Advanced Materials rose 10.82% to ₹266.80 after Q2 revenue jumped 144% to ₹429.94 crore and net profit reached ₹208.89 crore. The board also approved ₹1,606 crore to expand anode capacity from 20,000 MT to 44,000 MT.
after close2 sources ↓machine-written, see hownot a recommendation
- HEG close
- ₹728.25
- On the day
- +2.94%
- 52-week high
- ₹753.90
- 52-week low
- ₹470.80
Shares of HEG Advanced Materials rose 10.82% to ₹266.80 on 04 Nov 2026, compared with the previous close of ₹240.75, after the company reported strong Q2 earnings and approved a major capacity expansion. The move lifted its market capitalisation to ₹8,556 crore. Trading activity reached 4.76 lakh shares on BSE, with turnover of ₹12.40 crore. 📈
Revenue increased 144% year on year to ₹429.94 crore from ₹175.94 crore, while EBITDA rose to ₹312.78 crore. The company reported net profit of ₹208.89 crore against ₹69.18 crore a year earlier in the figures cited by Business Today. ScanX separately reported the same consolidated profit figure but compared it with ₹151 crore, indicating a difference in the comparison basis. Total income rose to ₹546.59 crore from ₹226.31 crore.
The board approved expansion of the current 20,000 MT anode plant to 44,000 MT at a proposed capex of ₹1,606 cr. The project increases the company’s advanced-materials capacity by 24,000 MT and is the key medium-term development for the graphite and anode businesses. The results also cover the graphite business and assets linked to the TAWA power plant under the composite scheme of arrangement. ⚡
The expansion matters because it raises the company’s ability to serve the anode-materials market, while the sharp Q2 growth provides the financial backdrop for the investment. The stock’s reported move followed a 24% gain over two weeks and a 17.4% rise over six months, although it remained below its 50-day, 100-day, 150-day and 200-day moving averages.
OI Charts data for 04 Sep 2026 showed a close of ₹728.25, up 2.94%, with volume of 25.66 lakh shares. That separate historical reading placed the stock near its 52-week high of ₹753.90, after gains of 8.1% over 20 sessions. The differing price levels reflect different sessions and should not be combined with the 04 Nov reaction. Traders will next track project execution, funding, regulatory approvals under the composite scheme and evidence that the higher capacity translates into sustained revenue and margins. 🏭
Source: Business Today, 04 Nov 2026
Not investment advice. For informational purposes only.