Himadri Speciality Chemical Ltd, based in Kolkata, has announced strong financial results for the first quarter of fiscal year 2025. The company reported a 26% increase in revenue, reaching Rs. 1,200 crores, up from Rs. 951 crores in the same quarter last year. Revenue also grew by 2% from Rs. 1,177 crores in Q4 FY24.
Himadri is a global leader in speciality chemicals, focusing on research, development, innovation, and sustainability. They are pioneers in producing lithium-ion battery materials in India. Their diverse products include speciality carbon black, coal tar pitch, refined naphthalene, advanced materials, SNF, speciality oils, and power, serving industries such as batteries, paints, plastics, tires, aluminium, agrochemicals, defense, and construction.
Sales volume rose 38% year-on-year to 139,175 MT from 101,030 MT in Q1 FY24, with a slight dip from the previous quarter’s 140,317 MT. The company’s EBITDA increased by 43% to Rs. 188 crores from Rs. 131 crores in Q1 FY24, also up 6% from Rs. 177 crores in the previous quarter. Net profit (PAT) grew by 40% to Rs. 123 crores from Rs. 88 crores in the same period last year, and by 7% from Rs. 115 crores in Q4 FY24.
CMD & CEO Anurag Choudhary highlighted the company’s achievement of becoming debt-free with a positive net cash balance, attributing this to disciplined capital deployment and efficient working capital use, resulting in a sustainable ROCE of 28%. He also noted the company’s progress in setting up India’s first LFP Cathode facility for batteries.
