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HEG slips 8% despite stellar Q3 results

HEG's December quarter profit jumped more than two-fold to Rs 866.83 crore.

ETMarkets.com|
Updated: Feb 13, 2019, 03.53 PM IST
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The shares of HEG opened at Rs 2350 on BSE against its previous closing of Rs 2402.95.
NEW DELHI: Shares of HEG slipped nearly 8 per cent on Wednesday morning despite posting stellar Q3 earnings on Tuesday.

HEG shares had surged 8.68 per cent on Tuesday to close at Rs 2,402 after its December quarter profit jumped more than two-fold to Rs 866.83 crore from Rs 342.11 crore in the corresponding quarter a year ago.

The scrip closed at Rs 2212.70, down 7.92 per cent on BSE.

EBITDA of the company was up 135.60 per cent year-on-year to Rs 1,313.5 crore and the margin expanded 420 bps to 70.4 per cent in Q3.

Meanwhile, the shares of HEG opened at Rs 2350 on BSE against its previous closing of Rs 2402.95.
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