Shares of HEG Ltd. experienced a sharp downturn on Thursday, April 30, 2026, plunging 11% in their biggest single-day fall in nearly 23 months. The stock tumbled to a day's low of Rs 583 per share on the BSE, trading at Rs 586.30 apiece at last check.
Disappointing Q4 FY26 Results Drive Sell-Off
The significant sell-off was primarily triggered by the company's disappointing financial results for the March quarter (Q4 FY26). In an exchange filing submitted post-market hours on Wednesday, HEG reported a consolidated net loss of Rs 113.77 crore for the quarter ended March 31, 2026.
This marks a stark reversal from the preceding quarter (Q3 FY26), where the company had posted a consolidated net profit of Rs 206.97 crore. On a year-on-year (YoY) basis, the net loss widened substantially by 54.4% compared to a net loss of Rs 73.67 crore recorded in Q4 FY25.
Revenue Performance and Dividend Announcement
Despite the net loss, HEG's consolidated revenue from continuing operations for Q4 FY26 stood at Rs 603.21 crore, representing a 12.4% rise year-on-year from Rs 536.58 crore in the corresponding quarter last year. However, this figure also reflected a sequential quarter-on-quarter (QoQ) drop of approximately 8% from the Rs 655.67 crore reported in Q3 FY26.
Amidst the quarterly loss, the company has recommended a final dividend of Rs 3.40 per share of the face value of Rs 2 each for the financial year 2025-26. This recommendation is subject to approval from the company's shareholders.