{"id":130763,"date":"2022-06-23T08:30:39","date_gmt":"2022-06-23T12:30:39","guid":{"rendered":"https:\/\/44.250.171.167\/?p=130763"},"modified":"2022-10-06T04:22:10","modified_gmt":"2022-10-06T08:22:10","slug":"heg-limited-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/heg-limited-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"HEG Limited Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"HEG Limited Q4 FY22 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/Zn0qJUSwtSo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2><strong>Key highlights from HEG Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/HEG\/\">HEG<\/a>) Q4 FY22 Earnings Concall<\/strong><\/h2>\n<p><strong>\u00a0<\/strong><\/p>\n<h3><strong>Q&amp;A Highlights:<\/strong><\/h3>\n<p><strong>Sonali Salgaonkar \u2013 Jefferies &#8211; Analyst<\/strong><\/p>\n<ul>\n<li>Quantum of price hikes between 3Q and 4Q and any price hike from April 1 until now?<\/li>\n<\/ul>\n<p><strong>Ravi Jhunjhunwala &#8211; Managing Director<\/strong><\/p>\n<ul>\n<li>Between 3Q and 4Q it\u2019s 12% and expecting to add 4-5% QonQ.<\/li>\n<\/ul>\n<p><strong>\u00a0\u00a0<\/strong><\/p>\n<p><strong>Sonali Salgaonkar \u2013 Jefferies &#8211; Analyst<\/strong><\/p>\n<ul>\n<li>Current inventory levels of electrodes?<\/li>\n<\/ul>\n<p><strong>Ravi Jhunjhunwala &#8211; Managing Director<\/strong><\/p>\n<ul>\n<li>HEG is working at very low inventory levels.\n<ul>\n<li>Normal is a month, but HEG is working at less than that.<\/li>\n<\/ul>\n<\/li>\n<li>Has no excess inventories with customers or suppliers.<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Sonali Salgaonkar \u2013 Jefferies &#8211; Analyst<\/strong><\/p>\n<ul>\n<li>HEG\u2019s key export geographies?<\/li>\n<\/ul>\n<p><strong>Ravi Jhunjhunwala &#8211; Managing Director<\/strong><\/p>\n<ul>\n<li>It\u2019s Americas, followed by Middle East, Southeast Asia, Europe and a little bit to African countries.<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Sonali Salgaonkar \u2013 Jefferies &#8211; Analyst<\/strong><\/p>\n<ul>\n<li>Of the 30-35 million new EAF steel production, where is it coming from?<\/li>\n<\/ul>\n<p><strong>Ravi Jhunjhunwala &#8211; Managing Director<\/strong><\/p>\n<ul>\n<li>About 15-20 million in Americas and rest in Europe.<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Sonali Salgaonkar \u2013 Jefferies &#8211; Analyst<\/strong><\/p>\n<ul>\n<li>What portion of INR12 billion is spent and how much is left for investment?<\/li>\n<\/ul>\n<p><strong>Ravi Jhunjhunwala &#8211; Managing Director<\/strong><\/p>\n<ul>\n<li>INR800 crores is already spent and INR400 crore remains to be spent until December.<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Abhijeet Dey &#8211; Equentis Wealth &#8211; Analyst<\/strong><\/p>\n<ul>\n<li>Expected price increases in needle coke over the next two quarters?<\/li>\n<\/ul>\n<p><strong>Ravi Jhunjhunwala &#8211; Managing Director<\/strong><\/p>\n<ul>\n<li>If graphite prices go up, needle coke prices will follow. There would be only a couple of quarters lag.<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Pranav Jain &#8211; HDFC securities &#8211; Analyst<\/strong><\/p>\n<ul>\n<li>Production and sales volume for 4Q22 and FY22?<\/li>\n<\/ul>\n<p><strong>Ravi Jhunjhunwala &#8211; Managing Director<\/strong><\/p>\n<ul>\n<li>HEG is at 90% capacity utilization.<\/li>\n<li>Can\u2019t give exact production and sales numbers.<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Rajesh Agarwal \u2013 Moneyore &#8211; Analyst<\/strong><\/p>\n<ul>\n<li>Did HEG had volume growth in Q4 and when will capacity come online?<\/li>\n<\/ul>\n<p><strong>Ravi Jhunjhunwala &#8211; Managing Director<\/strong><\/p>\n<ul>\n<li>The 4Q volume growth was same as 3Q.<\/li>\n<li>For new volumes to come in, it will be in 1Q calendar year 2023.<\/li>\n<li>Should be doing 7-8% more volume in CY1Q23 than last year.<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Dewang Sanghavi &#8211; ICICI Securities &#8211; Analyst<\/strong><\/p>\n<ul>\n<li>Is there\u2019s any demand impact due to recent export duty on steel export?<\/li>\n<\/ul>\n<p><strong>Ravi Jhunjhunwala &#8211; Managing Director<\/strong><\/p>\n<ul>\n<li>It\u2019s a dampener for the steel customers.\n<ul>\n<li>This duty seems temporary.<\/li>\n<\/ul>\n<\/li>\n<li>HEG exports two-thirds to 40 countries and so won\u2019t see much impact.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from HEG Limited (HEG) Q4 FY22 Earnings Concall \u00a0 Q&amp;A Highlights: Sonali Salgaonkar \u2013 Jefferies &#8211; Analyst Quantum of price hikes between 3Q and 4Q and any price hike from April 1 until now? Ravi Jhunjhunwala &#8211; Managing Director Between 3Q and 4Q it\u2019s 12% and expecting to add 4-5% QonQ. \u00a0\u00a0 Sonali [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"HEG Limited Q4 FY22 Earnings Conference Call Insights #HEG","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,12],"tags":[9478],"class_list":["post-130763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-other-industries","tag-industirals"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":143242,"url":"https:\/\/alphastreet.com\/india\/heg-limited-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":130763,"position":0},"title":"HEG Limited Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"March 13, 2023","format":false,"excerpt":"Key highlights from HEG Limited (HEG) Q3 FY23 Earnings Concall Q&A Highlights: [00:11:28] Sonali Salgaonkar from Jefferies enquired about the capacity utilization for 3Q23. 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