Himadri Speciality Chemical Ltd. reported a 34.6% year-on-year rise in net profit, reaching ₹135.4 crore for the second quarter ending September 30, 2024. This marks a significant increase from the ₹100.6 crore net profit recorded during the same period last year, according to a regulatory filing by the Kolkata-based chemical manufacturer.
The company’s revenue from operations grew by 13.2%, amounting to ₹1,137 crore, compared to ₹1,004.5 crore in the corresponding quarter of the previous fiscal year. As of September 2024, Himadri boasts a net positive cash balance of ₹255 crore.
On the operational front, EBITDA surged 32%, reaching ₹208.2 crore in Q2 FY25, up from ₹157.7 crore in the same period last year. The EBITDA margin improved to 18.3%, compared to 15.7% in the previous year. EBITDA reflects earnings before interest, tax, depreciation, and amortization.
Anurag Choudhary, Chairman and Managing Director of Himadri Speciality Chemical Ltd., commented, “For the first time, our quarterly EBITDA surpassed ₹200 crore. In the first half of FY25, our sales volumes increased to 2,78,232 MT, up 32% from 2,11,242 MT in H1 FY24.”
He also announced the successful completion of Himadri’s first export shipment of liquid coal tar pitch in October 2024, opening new opportunities in the global market. Additionally, the company’s investments in Birla Tyres Ltd. are progressing well.
Himadri is on track with the development of its first commercial plant for LFP Cathode Active Material, with a capacity of 40,000 MTPA, expected to be operational by Q3 FY27. A new speciality carbon black line, with a capacity of 70,000 MTPA, is also slated for completion by Q3 FY26.
Himadri Speciality Chemical Ltd. is a leading Indian chemical company known for its advanced carbon products and innovative chemical solutions. Established in 1987, the company has grown to become one of the largest manufacturers of coal tar pitch in India, catering primarily to the aluminum and graphite industries.
Himadri’s diverse product portfolio includes carbon black, naphthalene derivatives, advanced carbon materials, and specialized chemicals used in various industrial applications such as batteries, tires, and construction.
With a strong focus on research and development, Himadri continues to innovate, particularly in the development of materials for energy storage and electric vehicles. Its state-of-the-art manufacturing facilities and commitment to sustainability have helped the company build a robust presence both in India and internationally.
