Himadri Speciality Chemical Ltd reported a landmark quarter in Q2 FY26, achieving its highest-ever EBITDA and Profit After Tax (PAT). The company recorded a 21% year-on-year increase in EBITDA and a 39% growth in PAT, reaffirming its strong operational foundation and resilient business model. This performance highlights Himadri’s consistent focus on value creation and efficiency across its operations, even amid market volatility.
As of 30 September 2025, Himadri further strengthened its strategic position in the global energy materials ecosystem by acquiring a 17.6% post-conversion equity stake in Sicona, representing a total investment of ₹103.95 crore. This strategic partnership underscores the company’s forward-looking approach to innovation and its commitment to developing advanced battery materials in line with the global shift toward clean energy technologies.
During the quarter, Himadri achieved another important milestone by receiving the prestigious ISCC PLUS Certification. This recognition reinforces its commitment to sustainable and responsible manufacturing practices and its adherence to internationally accepted traceability and circular economy principles. The certification reflects Himadri’s dedication to environmental stewardship and transparent value-chain management.
The company continued to emphasize high value-added and specialty product segments, a focus area that has been pivotal in maintaining profitability and market differentiation. By prioritizing premium products and operational efficiency, Himadri has been able to safeguard margins and enhance long-term business stability despite fluctuations in input costs and market dynamics.
Revenue for Q2 FY26 stood at ₹1,070 crore, compared to ₹1,100 crore in Q1 FY26. The marginal dip was primarily due to a reduction in raw material prices. However, the company’s diversified product portfolio and disciplined cost management helped sustain strong earnings momentum and protect overall profitability levels during the quarter.
Several export orders were successfully executed during the period, with corresponding revenues scheduled to be recognized in the upcoming quarter. This reflects Himadri’s growing global footprint and robust demand for its high-performance products in international markets, further consolidating its position as a trusted partner in the global specialty chemicals industry.
Commenting on the results, Anurag Choudhary, Chairman and Managing Director & CEO of Himadri Speciality Chemical Ltd, said, “We are pleased to report our highest-ever quarterly EBITDA and PAT, which demonstrate the strength, resilience, and sustainability of our business model. For the half year ended 30 September 2025, EBITDA stood at ₹477 crore, representing a 23% increase over H1 FY25, while PAT grew 43% to ₹369 crore. In Q2 FY26 alone, EBITDA reached ₹243 crore, a 21% rise year-on-year, and PAT was ₹187 crore, up 39%. This strong performance underscores our continued focus on high value-added products, operational excellence, and yield improvement.”
India is currently at a pivotal stage in its clean energy transition, with lithium-ion battery materials emerging as the backbone of future mobility, energy storage, and industrial growth. Global demand for lithium-ion batteries is expected to quadruple between 2023 and 2030, emphasizing the need for localized supply chains. Himadri is leading this transformation through the development of a 200,000 MTPA LFP cathode material facility that will supply high-performance and cost-efficient battery materials, contributing significantly to India’s clean energy vision.
In addition to this, the company continues to advance its research and innovation initiatives in synthetic and natural graphite anodes and has made significant progress in developing silicon-carbon anode technology—an innovation that enables faster charging and extended battery life. These advancements align with India’s national priorities and reinforce Himadri’s leadership in creating a robust, sustainable, and innovation-driven battery materials ecosystem.
Sustainability remains central to Himadri’s growth philosophy. In line with its ESG commitments, the company has set an ambitious Net Zero target for 2050, earned a Platinum rating from EcoVadis placing it among the top 1% of companies globally, and achieved an ‘A’ rating in the CDP Supplier Engagement Assessment. These recognitions highlight Himadri’s dedication to environmental responsibility, carbon reduction, and ethical governance, positioning it as a global leader in sustainable business practices.
These recognitions highlight Himadri’s commitment to carbon reduction, transparency, and long-term value creation. Aligned with the Atmanirbhar Bharat vision, Himadri continues to build an integrated battery materials ecosystem driven by innovation, sustainability, and responsible growth. “At Himadri, innovation fuels our purpose and sustainability defines our path toward a cleaner, stronger, and greener future,” said Mr Choudhary.
Himadri Speciality Chemical Ltd is a global specialty chemical conglomerate with a strong foundation in research, innovation, and sustainability. As a pioneer in lithium-ion battery material manufacturing in India, the company continuously develops and advances materials across the LiB value chain.
Its diversified portfolio spans speciality carbon black, coal tar pitch, refined naphthalene, advanced materials, SNF, speciality oils, and clean power, catering to industries such as batteries, paints, plastics, tyres, rubber goods, aluminium, graphite electrodes, defence, and construction chemicals. Operating across 56 countries, Himadri is committed to responsible manufacturing through its eight zero-liquid discharge facilities and 100% in-house clean power utilization. A people-first organization, Himadri continues to make a positive impact on industry and society through innovation-led growth, sustainability, and excellence in governance.
