HEG crashes over 7% as Q1 results show net profit fell 83%; stock split announced
HEG reported a steep 83.4 percent year-on-year (YoY) decline in net profit for the June quarter, plummeting to ₹23 crore from ₹139 crore in the same period last year. The company’s total income also decreased by 15 percent, coming in at ₹591.90 crore compared to ₹697.55 crore a year ago.