HEG: Stable Margins, No Price Hike in H1 FY27; Capacity Utilization at 90%

• HEG expects margins to remain stable with no price increase in the first half of FY27, driven by higher capacity utilization.
• Manish Gulati, Executive Director, anticipates capacity utilization to hover around 90% in FY27.
• The company reported a net profit of ₹207 crore for Oct-Dec 2025, 2.5 times higher than the previous year.
• HEG shares gained over 56% in the past year, reflecting strong investor confidence.
• Demand is expected to be supported by steel production trends and electric arc furnace capacity additions.