Company Update - HEG Ltd - ICICI Direct

For Q4FY21, HEG's standalone topline came in at Rs. 380 crore, up 2% YoY, 19% QoQ. However, at the EBITDA level, the company reported a loss of Rs. 5 crore. Other income for the quarter was at Rs. 25 crore. Ensuing net loss for the quarter was at Rs. 7 crore. The Q4FY21 performance was impacted by a sharp rise in other expenses. Other expenses for Q4FY21 were at Rs. 120 crore compared to Rs. 71 crore in Q3FY21 and Rs. 78 crore in Q4FY20. During Q4FY21, other expenses as a percentage of sales were at 32% in Q4FY21 compared to 21% in Q4FY20 and 22% in Q3FY21. During the quarter, other expenses included Rs. 35 crore spent on CSR activities, which led to higher total other expense. However, adjusting for CSR expense, HEG's adjusted EBITDA would have been ~Rs. 30 crore.

For details, click on the link below: Link to the report

Shares of HEG LTD. was last trading in BSE at Rs.2334.95 as compared to the previous close of Rs. 2369.35. The total number of shares traded during the day was 36624 in over 3072 trades.

The stock hit an intraday high of Rs. 2427.9 and intraday low of 2315. The net turnover during the day was Rs. 86630313.

Source : Equity Bulls

Keywords