HEG has reported results for third quarter ended December 31, 2011.
The company has posted a fall of 36.80% in its net profit from ordinary activities after tax of Rs 24.04 crore for the quarter ended December 31, 2011 as compared to Rs 38.04 crore for the same quarter in the previous year. However, total income has increased by 34.69% from Rs 310.31 crore for Q3FY11 to Rs 417.95 crore in the quarter under review.
HEG is a group company of Rs 5,000 crore business conglomerate LNJ Bhilwara Group, with strong presence in textiles and power. The Group, which after establishing itself in Textiles and Graphite Electrodes business, subsequently forayed into Power Generation and IT enabled services.
