{"id":133492,"date":"2022-08-29T07:12:07","date_gmt":"2022-08-29T11:12:07","guid":{"rendered":"https:\/\/44.250.171.167\/?p=133492"},"modified":"2022-10-06T04:44:36","modified_gmt":"2022-10-06T08:44:36","slug":"heg-limited-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/heg-limited-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"HEG Limited Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"HEG Limited Q1 FY23 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/rStQaBDBBUY?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<p><strong>Key hi<\/strong><strong>ghlights from HEG Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/HEG\/\">HEG<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Dhawal Doshi of Pinpoint Asset asked how the company is seeing needle coke pricing given crude has started correcting. Manish Gulati ED said the needle coke prices for the last two quarters, purchase prices have been at almost same level to earlier.<\/li>\n<\/ul>\n<ul>\n<li>Dhawal Doshi of Pinpoint Asset also enquired if there can be near term challenges in demand with respect to the operating environment. Manish Gulati ED said the volumes are subdued, prices are stable. But volumes due to order pushbacks from Europe, there will be lesser volumes expected in July to Sept. 2022. It might continue in Oct. to Dec. beyond that it should turnaround.<\/li>\n<\/ul>\n<ul>\n<li>Sonal Salgaonkar with Jefferies asked about the capacity utilization in 1Q23 vs. 1Q22. Manish Gulati ED replied that it was 92% for 1Q23 vs. 85% in 1Q22. HEG added that 92% is the highest and the best capacity utilization it has done.<\/li>\n<\/ul>\n<ul>\n<li>Sonal Salgaonkar with Jefferies enquired about the country-wide export mix and Europe\u2019s contribution. \u00a0Manish Gulati ED replied the company exports to about 35 countries and it\u2019s well diversified. The main areas of export are US, Middle East, Europe, and Southeast Asia in that order. In Europe, sales was 10-11% in FY22.<\/li>\n<\/ul>\n<ul>\n<li>Sonal Salgaonkar with Jefferies asked about the quantum of price hikes in 1Q23 and cumulative hikes over the past four quarters. Manish Gulati ED clarified that it was in the range of 3.5-4%. Cumulatively the price hikes were in the range of more than 50%.<\/li>\n<\/ul>\n<ul>\n<li>Sonal Salgaonkar with Jefferies enquired about the overall capex of INR12 billion and how much of that is spent and plans to spend in the future. Manish Gulati ED answered that almost INR900 million is already spend and about INR300 million will be spent by March 2023.<\/li>\n<\/ul>\n<ul>\n<li>Sonal Salgaonkar with Jefferies asked about the update on the China electrode supply. Manish Gulati ED clarified that the company does not compete with China in the ultra-high power grade market.<\/li>\n<\/ul>\n<ul>\n<li>Pranav Jain of HDFC asked if the company is foreseeing any problem in selling its incremental volumes of 20,000 tonnes, considering the situation in Europe. \u00a0Manish Gulati ED said that for next two quarters demand seems subdued, precipitated by Russia Ukraine war. However HEG added that it should improve going forward beyond that.<\/li>\n<\/ul>\n<ul>\n<li>Pranav Jain of HDFC enquired about the incremental depreciation in 4Q23 and 1Q24. \u00a0Gulshan Sakhuja CFO said it is coming at the capitalization of INR1,200 crore in next FY24. So the additional depreciation that\u2019s going to come is around INR10-12 crore per quarter of additional depreciation in FY24.<\/li>\n<\/ul>\n<ul>\n<li>Rajesh Agarwal from Moneyore asked about the outlook in the US in terms of demand and supply. Manish Gulati ED answered that the US steel production is doing good and the capacity utilization there is in excess of 80%. So the outlook in US steel production and demand for electrodes is good.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from HEG Limited (HEG) Q1 FY23 Earnings Concall Q&amp;A Highlights: Dhawal Doshi of Pinpoint Asset asked how the company is seeing needle coke pricing given crude has started correcting. Manish Gulati ED said the needle coke prices for the last two quarters, purchase prices have been at almost same level to earlier. Dhawal [&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 Q1 FY23 Earnings Conference Call Insights #HEG #Q1 #FY23","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":[9825,392,5753],"tags":[9478],"class_list":["post-133492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","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":133492,"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. Ravi Jhunjhunwala CEO answered that for Oct.-Dec. quarter it was about 60% and in Jan.-Mar., the company is at about 70%. And in 3Q22 it was\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":148446,"url":"https:\/\/alphastreet.com\/india\/heg-limited-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":133492,"position":1},"title":"HEG Limited Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"June 5, 2023","format":false,"excerpt":"Key highlights from HEG Limited (HEG) Q4 FY23 Earnings Concall Q&A Highlights: [00:12:50] Vipraw Srivastava of InCred asked if an increase is expected in US sales contribution with the upcoming EAF plants. Ravi Jhunjhunwala MD replied that in the last four years, sales in the US have increased 2.5 to\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":130763,"url":"https:\/\/alphastreet.com\/india\/heg-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":133492,"position":2},"title":"HEG Limited Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"June 23, 2022","format":false,"excerpt":"https:\/\/youtu.be\/Zn0qJUSwtSo Key highlights from HEG Limited (HEG) Q4 FY22 Earnings Concall \u00a0 Q&A Highlights: Sonali Salgaonkar \u2013 Jefferies - Analyst Quantum of price hikes between 3Q and 4Q and any price hike from April 1 until now? Ravi Jhunjhunwala - Managing Director Between 3Q and 4Q it\u2019s 12% and expecting\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":156365,"url":"https:\/\/alphastreet.com\/india\/heg-limited-q2-fy24-earnings-conference-call-insights\/","url_meta":{"origin":133492,"position":3},"title":"HEG Limited Q2 FY24 Earnings Conference Call Insights","author":"Praveen","date":"November 17, 2023","format":false,"excerpt":"Key highlights from HEG Limited (HEG) Q2 FY24 Earnings Concall Steel Production Trends Steel production outside China down 2-4% in 2022 vs 2021, but up 11.6% in India. China exporting more steel, pressuring production in Europe and U.S. World Steel Association revised 2023-2024 projections down for EU and U.S. Electric\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":159170,"url":"https:\/\/alphastreet.com\/india\/heg-limited-q3-fy24-earnings-conference-call-insights\/","url_meta":{"origin":133492,"position":4},"title":"HEG Limited Q3 FY24 Earnings Conference Call Insights","author":"Praveen","date":"February 23, 2024","format":false,"excerpt":"Key highlights from HEG Limited (HEG) Q3 FY24 Earnings Concall Steel Production Trends Global steel production flat in 2023 versus 2022 at around 1.8 billion tons. China production declined in H2 2023 but increased exports by 34%. India steel production grew 12% driven by domestic infrastructure and real estate. Expect\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":138071,"url":"https:\/\/alphastreet.com\/india\/heg-limited-heg-q2-fy23-earnings-concall-transcript\/","url_meta":{"origin":133492,"position":5},"title":"HEG Limited (HEG) Q2 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"November 17, 2022","format":false,"excerpt":"HEG Limited (NSE:HEG) Q2 FY23 Earnings Concall dated Nov. 17, 2022 Corporate Participants: Navin B. Agrawal -- Investor Relations, SKP Securities Limited Ravi Jhunjhunwala -- Chairman, Managing Director and Chief Executive Officer Gulshan Kumar Sakhuja -- Chief Financial Officer Manish Gulati -- Executive Director Riju Jhunjhunwala -- Vice Chairman Analysts:\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/133492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=133492"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/133492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=133492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=133492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=133492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}