HEG’s Q1 net profit surges 18%

HEG has reported results for first quarter ended June 30, 2012.

The company has reported a rise of 17.50% in its net profit at Rs 23.23 crore for the quarter under review as compared to Rs 19.77 crore for the same quarter in the previous year. The total income from operation of the company has increased by 37.52% at Rs 384.59 crore for Q1FY13 as compared Rs 279.66 crore for the corresponding quarter previous year.

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.