Himadri Speciality Chemical announced Q2FY24 results:<br><br>Financial Performance<br>1. Himadri Speciality Chemical reports a quarterly profit after tax (PAT) of over Rs 100 crore, crossing a significant milestone.<br>2. The company achieved a revenue of Rs 1,059 crore in Q2FY24, showing a strong growth of 11.5% compared to the previous year.<br>3. Himadri recorded its highest-ever sales volume of 1,10,211 MT in Q2FY24, indicating increased market demand and business growth.<br>4. EBITDA for the quarter stood at Rs 131 crore, showcasing a notable growth of 63.6% compared to the previous year.<br><br>Sustainability and Corporate Social Responsibility (CSR)<br>1. Himadri emphasizes sustainability and has implemented a robust Environment, Social, and Governance (ESG) framework to align with global standards.<br>2. The company has set ambitious goals to achieve net-zero emissions by 2050, with interim targets for 2025 and 2030. The current performance suggests being ahead of annual objectives.<br>3. Himadri has launched a zero-accident vision to prioritize workplace safety and maintain best-in-class safety standards.<br>4. The company focuses on developing cutting-edge solutions that meet customer needs while minimizing environmental impact.<br><br>Business Strategy and Product Development<br>1. Himadri's business strategy to move towards value-added products has resulted in significant improvements in profitability.<br>2. The company's research and development team has made progress in developing products for the lithium-ion battery (LiB) value chain, including Cathode Active Material and Anode Active Material.<br>3. Himadri aims to enhance LiB performance and safety through continued investment in R&D; and strategic global partnerships.<br>4. The growing demand for batteries, driven by the need to reduce climate change through electrification, presents exciting opportunities for Himadri.<br><br>Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical Ltd, said, "I am extremely happy to share with you all that Himadri in Q2FY24 has achieved a milestone of crossing Rs 100 crore of PAT.<br><br>Sustainability has always been at the heart of our operations. With our expanding global footprint, we have built a robust ESG framework. We have already set ambitious goals to achieve net-zero emissions by 2050 with interim targets for 2025 and 2030. As per our present performance status, we are ahead of our annual objective."<br><br><br><br><br><br>Result PDF