Conference Call with Himadri Speciality Chemical Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
Specialty Chemicals company Himadri Speciality Chemical announced Q1FY26 results Sales Volumes increased by 1% YoY to 1,40,090 MT in Q1FY26. Revenue decreased by 8% to Rs 1,100 crore YoY in Q1FY26 compared to Rs 1,199.77 crore in Q1FY25. EBITDA increased by 25% to Rs 234 crore YoY in Q1FY26. Pat increased by 48% to Rs 183 crore YoY in Q1FY26. Net Debt of Rs 107 crore as on 30 June 2025. ROCE: 32% (excl. investment & CWIP). Result PDF
Conference Call with Himadri Speciality Chemical Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Specialty Chemicals company Himadri Speciality Chemical announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue from Operations: Rs 1,134.64 crore compared to Rs 1,176.95 crore during Q4FY24. PAT: Rs 155.46 crore compared to Rs 115.18 crore during Q4FY24. EPS: Rs 3.15 for Q4FY25. FY25 Financial Highlights: Revenue: Rs 4,596 crore compared to Rs 4,185 crore during FY24, change 10%. PAT: Rs 558 crore compared to Rs 411 crore during FY24, change 36%. Reported highest yearly EBITDA of Rs 844 crore in FY25 FY25 - EBITDA and PAT growth of 33% and 36% YoY respectively. Anurag Choudhary, CMD & CEO, Himadri Speciality Chemical, said: “We are pleased to present the financial results for the fourth quarter and full year ended FY25, which reflect a strong and sustainable performance across all key operational and financial metrics. This year has been a period of steady progress and momentum for Himadri Speciality Chemical Ltd, marked by consistent execution, strategic investments, and a deep commitment to creating long-term stakeholder value. Each quarter, we continue to set new benchmarks— Q4FY25 marked yet another highest-ever quarterly EBITDA, reaching Rs 232 crore. For the full year FY25, our sales volumes grew by 16%, reaching 5,52,206 metric tonnes, compared to 4,75,582 metric tonnes in the previous year. This volume expansion translated into a robust financial outcome, with EBITDA rising by 33% to Rs 844 crore and Profit After Tax increasing by 36% to Rs 558 crore. Our focus on financial discipline continues to reflect in the resilience of our balance sheet, with a net positive cash balance of Rs 371 crore. This strong financial footing positions us well to pursue strategic opportunities and sustain our growth trajectory. Over the past five years, the Company has continued to demonstrate a robust financial performance, with revenues growing at a CAGR of 29% since FY21. Our EBITDA has surged at a CAGR of 60%, and PAT has increased at an unprecedented CAGR of 86%. During the same period, our sales volume has risen by 13% year on year, and our ROCE has steadily climbed to 34%. This remarkable growth story is a testament to our strategic vision and the relentless efforts of our strong techno-commercial teams. The corner stone of this success has been Himadri’s commitment towards undertaking extensive R&D; initiatives, coupled with its culture of sustainably producing and delivering quality products that add utmost value to its customers. We are progressing well on our key growth projects. The LFP cathode material facility remains on track, with Phase 1 expected to be operational by Q3FY27. Our new speciality carbon black line is advancing as scheduled and is set to commence operations in Q3FY26. Meanwhile, the high value-added speciality products line is scheduled to go live in Q2FY27. Additionally, the Birla Tyres plant is gearing up to commence operations in phases starting Q1FY26. We will begin with manufacturing in the TBB (Truck and Bus Bias) segment, and parallelly, the revamp of the PCR (Passenger Car Radial) tyre machinery is underway. This will enable us to introduce high-quality PCR tyres to the market, with a strong emphasis on catering to global demand. We are proud to share that we have earned a commendable ‘B’ rating in our very first CDP assessment for 2024, covering both Climate Change and Water Security. As per CDP’s global rating scale, a ‘B’ indicates that a company is taking coordinated action on environmental issues—a strong and respectable outcome. Building on our recent milestone of advancing from a Silver to a Platinum rating in EcoVadis within just two years, this strong debut CDP rating further reinforces Himadri’s commitment to ESG transparency and our proactive stance in addressing climate and water-related challenges. Further, we are honoured to have received a ‘Merit’ award in the prestigious International Safety Awards by the British Safety Council. Looking ahead, we remain confident in our ability to deliver value through a combination of operational excellence, disciplined execution, and responsible innovation. As we continue to build on our core strengths, Himadri is well-positioned to scale new heights and create enduring value for allstakeholders.” Result PDF
Specialty Chemicals company Himadri Speciality Chemical announced 9MFY25 & Q3FY25 results Reported highest quarterly EBITDA of Rs 222 crore in Q3FY25. 9MFY25 - EBITDA and PAT growth of 34% and 35% YoY respectively. Revenue: Rs 3,467 crore compared to Rs 3,008 crore during 9MFY24, change 15%. Capex of Rs 120 crore for setting up facility to produce High Value - Added Speciality products. Anurag Choudhary, CMD & CEO, Himadri Speciality Chemical, said: “ We are excited to share our Q3FY25 and 9MFY25 results, which showcase a strong and sustainable performance across all key financial and operational metrics. We achieved our highest-ever quarterly EBITDA of Rs 222 crore in December quarter. For the 9M period, our sales volumes grew by 24%, reaching 415,679 MT, up from 335,265 MT in the same period last year. This growth was reflected in a 34% increase in EBITDA to Rs 611 crore, and a 35% rise in PAT to Rs 400 crore, further solidifying our upward trajectory. Our balance sheet continues to reflect our financial discipline and resilience, with a net positive cash balance of Rs 109 crore. This positions us well to capitalize on strategic opportunities and drive long-term value creation. I am pleased to inform you all that Himadri Speciality Chemical Ltd has recently been awarded with EcoVadis Platinum medal. This recognition is awarded to the top 1% of companies assessed by EcoVadis in the world amongst more than 130,000 assessed companies globally. This distinction reflects the quality of the company's sustainability management system and demonstrates the highest level of corporate governance and a commitment to promoting transparency throughout the value chain. Himadri has reported robust performance across its portfolio of products. Our export portfolio is strengthening, particularly bolstered by the commencement of our high-temperature Liquid Coal Tar Pitch export terminal at Haldia Port in October 2024 Aligned with our vision to expand into high-value products, we have planned a new capex for production of speciality products at an investment of Rs 120 crore, funded through internal accruals. This facility will enable us to extract high-value specialty products, including Anthraquinone, Carbazole, Fluorene from existing coal tar distillates at our existing facility and is expected to commence operations within the next 18 months. These products have application in dyes, pigments, pharma and various other industries. This strategic move marks a significant step towards reducing import dependency and aligns with Himadri's commitment towards the Government of India's vision of an Atmanirbhar Bharat. The EV sector in India is poised to attract USD 40 billion in investments, with 70% of this allocated to Lithium-ion Battery (LiB) manufacturing. Additionally, in late 2024, the Government of India approved a USD 1.3 billion incentive scheme for EVs, with one-third of the funds dedicated to the PM E-Drive scheme. For LiBs, in the cathode active material space, LFP continue to be the leading technology, with graphite anodes dominating the anode technology. Silicon-carbon based Anodes are well poised to bring about significant improvement in charging times, increase in Energy Density and significant increase in range coverage for EVs, thus helping to popularize EVs from an end-user's perspective. Himadri's progress on development of these technologies and its LFP cathode project is moving forward as planned The revamp of Birla Tyres is progressing at full speed, and we are set to commence commercial operations soon. Over the next two to three years, we will be ramping up production across various tyre segments. We are scaling up capacity at our Singur facility to enhance carbon black production from 180,000 MTPA to 250,000 MTPA by Q3FY26. Our specialty carbon black capacity will rise from 60,000 MTPA to 130,000 MTPA, positioning us as the fourth-largest global producer in this high-value segment. As we advance, we remain steadfast in our commitment to innovation, operational excellence, and sustainable growth. With a clear vision and a strong foundation, we are confident in our ability to deliver enduring value for our stakeholders and shape a promising future for our business.“ Result PDF
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
Himadri Speciality Chemical announced Q1FY25 results: Revenue grew by 26% YoY to Rs 1,200 crore EBITDA and PAT growth of 43% and 41% YoY respectively Sales volume grew by 38% YoY to 1,39,175 MT Commenting on the results and performance, Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical Ltd said: “We are pleased to announce our Q1FY25 results, showcasing significant achievements across key metrics. Our sales volumes have grown to 1,39,175 MT from 1,01,030 MT in Q1FY24 registering a growth of 38% and EBITDA & PAT soared by 43% & 41%, reaching Rs 188 crore & Rs 123 crore respectively. A significant milestone is our achievement of becoming debt-free, boasting a positive net cash balance. This accomplishment is a testament to our unwavering commitment to disciplined capital deployment and efficient working capital utilization. Our focus on both profitability as well as disciplined balance sheet has led to a sustainable ROCE of 28%. Our current businesses are growing at a strong pace and fueling our vision for progression in current and new businesses. Our long-term focus on speciality and high-value-added products has consistently driven profitability, complemented by initiatives in operational efficiency, yield improvements, and competitive value propositions for our customers. LFP as a Cathode chemistry is gaining strong acceptance and growth globally. As India’s first player to set-up LFP Cathode facility, we are progressing as per our plan. Along with the commercial plant, we are already in process of setting up a demo unit to accelerate product approvals. Over the past few years, we have embarked on an exciting journey, exploring new avenues, developing cuttingedge technologies, and entering new businesses and segments. This momentum will continue with our ongoing initiatives and commitments. As we look to the future, Himadri is poised for transformative growth. Our robust pipeline of innovative technologies and products promises to revolutionize various industries. We remain committed to driving forward with the same spirit of innovation and excellence, ensuring long term value creation for our stakeholders. The road ahead is filled with promising opportunities and we are ready to seize them with our relentless focus on progress and sustainability.” Result PDF
Speciality Chemicals company Himadri Speciality Chemical announced FY24 results: Financial Highlights: Sales Volume: Achieved a sales volume of 4,75,582 metric tons (MT) in FY24, an 18% increase from the previous fiscal year. Revenue: Reported stable revenues of Rs 4,185 crores, consistent with the last year's figures. EBITDA: EBITDA soared by 55% to Rs 632 crores. PAT: Posted a substantial 97% surge in Profit After Tax (PAT) amounting to Rs 410 crores. Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical said, " We are delighted to announce that the Company has become debt-free with positive net cash balance as a result of our relentless focus on disciplined capital deployment and working capital utilization. We also take pride in announcing that the Company has achieved highest ever Sales, EBITDA, and PAT. This performance is a direct result of our strategic initiatives and our team's tireless efforts to drive innovation and excellence in everything we do. We are in for very exciting times with strong growth coming from our existing businesses as well as significant progress being made on new businesses. Our volumes have increased consistently with all round growth in products and launch of new product line of speciality products. Our vision to focus on speciality and high value added products over years has led to consistent and sustainable increase in profitability. Coupled with our initiatives on operational efficiency, yield improvements and competitive value proposition to customers, we have laid down a strong foundation for sustainable performance. To support the growth and increasing market demand, we are announcing a brownfield expansion of a new speciality carbon black line of 70,000 MTPA (increasing the total speciality carbon black capacity to 130,000 MTPA making it world’s largest speciality carbon black capacity at single site) at an estimated capex of Rs 220 croreswhich is scheduled to be operational within 18months. Our research and project execution of battery materials continue as per plan. We have a strong pipeline of innovative products in development with our research team relentlessly pursuing our vision of playing a critical role in LiB value chain. Building on this momentum, we have acquired a 40% stake in Invati Creations Private Limited (Invati). Our partnership is built on a shared vision to transform the Lithium-ion battery industry by significantly enhancing its storage efficiency, charging speed, and battery lifespan. Together, we aim to make a substantial impact on meeting the world's growing energy demands." Result PDF