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

Shares of graphite electrode company HEG slipped almost fourteen for every cent on Wednesday right after the firm documented weak set of economical quantities for the quarter ended December 31, 2019 (Q3FY20).

The firm documented consolidated loss of Rs 1.23 crore for the quarter beneath review from Rs 444.sixty crore profit registered in the calendar year-back interval. Full profits declined 78 for every cent calendar year-on-calendar year (YoY) to Rs 420.ninety seven crore.

Earnings right before fascination, tax, depreciation and amortisation (Ebitda) fell ninety nine.6 for every cent to Rs 4.seven crore even though margin stood at 1.two for every cent from 70.4 for every cent in the calendar year-back interval.

Earnings for every share (EPS) of the firm stood at Rs (-).32 from Rs 216.fifty eight in the corrsponding quarter of the earlier fiscal.

Phase-sensible, profits from graphite vertical stood at Rs 387 crore, down seventy nine for every

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