News: For Q4FY23, HEG reported standalone topline of Rs 617 crore, down 8% YoY but up 16% QoQ. Standalone EBITDA for the quarter was at 124 crore, down 21% YoY and 7% QoQ. The ensuing standalone PAT for the quarter was at Rs 89 crore, down 21% YoY and 13% QoQ
Views: HEG reported a subdued operational performance for Q4FY23 wherein on account of higher-than-expected raw material costs, standalone EBITDA margin declined both QoQ as well as YoY. During Q4FY23, standalone EBITDA margin was at 20.1% compared to 23.3% in Q4FY22 and 25.1% in Q3FY23. During Q4FY23, raw material costs as a percentage of sales was at 43% compared to 36% in Q4FY22 and 35% in Q3FY23
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