HEG Financial Statements

HEG (HEG) reported revenue of ₹22.87B in FY2025 with net income of ₹1.15B. Total assets stood at ₹56.48B and free cash flow was ₹974.75M.

HEG Income Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Revenue		12.56B	22.81B	25.76B	25.37B	22.87B
Cost of Rev. Cost of Revenue		-8.09B	-8.29B	-9.15B	-11.51B	-9.04B
Gross Profit		4.47B	14.52B	16.61B	13.85B	13.84B
SGA Sales, General & Admin		-5.06B	-8.45B	-9.34B	-8.61B	-10.01B
Op. Income Operating Income		-1.32B	5.27B	6.25B	3.49B	1.82B
PBT Profit Before Tax		-307.60M	5.20B	5.99B	3.14B	1.60B
Net Income		-179.40M	4.31B	5.32B	3.12B	1.15B
Dil. Shares Diluted Shares		192.98M	192.98M	192.98M	192.98M	192.98M
Diluted EPS		-0.93	22.34	27.59	16.15	5.96

Figures in ₹ — millions (M), billions (B), trillions (T). EPS is earnings per share.

Understanding the Income Statement

The income statement shows HEG's revenue and expenses over a period. Revenue minus costs gives gross profit; after operating expenses, interest, and taxes, the remainder is net income. Diluted EPS divides net income by all shares that could exist if options and convertibles were exercised.

HEG Balance Sheet

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Curr. assets Total current assets		20.74B	30.07B	28.52B	26.30B	24.57B
Non-curr. assets Total non-current assets		21.71B	23.01B	28.39B	30.72B	31.92B
Total assets		42.44B	53.08B	56.92B	57.01B	56.48B
Curr. liabilities Total current liabilities		6.44B	12.87B	13.16B	11.68B	10.85B
Non-curr. liab. Total non-current liabilities		1.05B	1.07B	949.31M	1.08B	1.09B
Total liabilities		7.49B	13.94B	14.11B	12.75B	11.94B
Total equity		34.95B	39.14B	42.81B	44.26B	44.54B
Total liab. & eq. Total liabilities & equity		42.44B	53.08B	56.92B	57.01B	56.48B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding the Balance Sheet

The balance sheet captures HEG's financial position at a point in time — what it owns (assets), what it owes (liabilities), and the residual value to shareholders (equity). Total assets always equals total liabilities plus equity.

HEG Cash Flow Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Net Income		-307.60M	5.20B	5.99B	3.14B	1.60B
Operating CF Cash flow Operating Activities		7.16B	-1.41B	1.13B	6.12B	2.80B
Capex Investments in PPE		-3.01B	-3.60B	-4.80B	-4.03B	-1.82B
Investing CF Cash flow Investing Activities		-4.17B	-1.83B	-211.07M	-1.86B	-2.08B
Dividend Paid		0	-120.90M	-1.54B	-1.63B	-872.50M
Financing CF Cash flow Financing Activities		-3.10B	3.44B	-999.58M	-3.23B	-1.59B
Cash (start) Cash at beginning of period		328.00M	213.70M	410.40M	332.88M	1.37B
Cash (end) Cash at end of period		213.70M	410.30M	332.92M	1.37B	507.63M
FCF Free Cash Flow		4.14B	-5.00B	-3.66B	2.09B	974.75M

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding Cash Flow

The cash flow statement tracks how HEG's cash moves through operations, investing, and financing activities. Free cash flow — operating cash minus capital expenditure — shows what is available to return to shareholders.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: Mar-2025