Specialty Chemicals company Himadri Speciality Chemical announced Q2FY25 results Financial Highlights: Quarterly EBITDA crosses Rs 200 crore for the first time in Q2FY25. H1FY25 - EBITDA and PAT growth of 36% and 37% YoY respectively. Net positive cash balance of Rs 255 crore as on September 2024. Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical said: “We are pleased to announce our Q2 & H1FY25 results, reflecting robust performance across key financial and operational metrics. For the first time, our quarterly EBITDA crossed Rs 200 crore. On a H1FY25 basis, our sales volumes increased to 2,78,232 MT, up from 2,11,242 MT in H1FY25, thereby achieving a growth of 32%. In the same period, our EBITDA rose by 36% to Rs 389 crore and PAT rose by 37% to Rs 258 crore, maintaining a high growth trajectory. Our Balance Sheet continues to remain strong with a positive cash balance of Rs 255 crore. This gives us the strength and the flexibility to further expand our businesses based on our plans communicated in the last few quarters. This accomplishment underscores our commitment to disciplined capital deployment and efficient working capital management. Our strategic focus on profitability and a prudent balance sheet has contributed to a distinctive ROCE of 31% as on September 2024. We are pleased to announce the successful completion of our first export shipment of liquid coal tar pitch in October 2024, paving the way for large global liquid coal tar pitch market. Our Investments in Birla Tyres Ltd is progressing well. We have planned an additional capital expenditure to enhance our operational capabilities and improving efficiencies. Our capex initiatives are also on track. The development of our first commercial plant with a 40,000 MTPA capacity for LFP Cathode Active Material is progressing as planned and is scheduled to be operational by Q3FY27. Additionally, the expansion of a new speciality carbon black line with a 70,000 MTPA capacity is set to be completed by Q3FY26. As we progress ahead, we are confident of accelerated growth in all our segments as we witness considerable traction on demand and with our continued focus on operating efficiencies , thereby achieving maximum value for all our stakeholders.” Result PDF