Himadri Speciality Chemical Ltd posted a robust 31.55% year-on-year increase in net profit, reaching ₹141.94 crore for the quarter ending December 31, 2024. Revenue also rose by 7.53%, totaling ₹1,131.81 crore compared to ₹1,052.51 crore in the same period last year. The company highlighted the commencement of its high-temperature liquid coal tar pitch export terminal at Haldia Port as a key contributor to its growing export portfolio.
Himadri plans to invest ₹120 crore in a new facility dedicated to high-value specialty products like anthraquinone, carbazole, and fluorene, extracted from existing coal tar distillates. This facility, expected to be operational in 18 months, aims to reduce import dependency while catering to industries such as dyes, pigments, and pharmaceuticals.
The company’s lithium-ion battery materials project and LFP cathode development are progressing as planned, aligning with India’s EV market growth and the government’s initiatives to promote electric mobility. Additionally, Himadri is expanding its Singur facility, increasing carbon black production capacity from 1,80,000 MTPA to 2,50,000 MTPA by Q3 FY26, while specialty carbon black capacity will rise from 60,000 MTPA to 1,30,000 MTPA.
Himadri’s strategic initiatives underline its focus on innovation, sustainability, and operational excellence, reinforcing its position as a leader in specialty chemicals and a pioneer in lithium-ion battery material production in India. Commenting on the company’s financial performance, Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical Ltd, highlighted the company’s achievements in Q3 and 9M FY25. Himadri posted its highest-ever quarterly EBITDA of ₹222 crore in the December quarter, driven by a 24% increase in sales volumes to 415,679 MT compared to 335,265 MT in the same period last year. This robust growth translated to a 34% rise in EBITDA to ₹611 crore and a 35% increase in PAT to ₹400 crore for the 9M FY25 period. The company maintained a net positive cash balance of ₹109 crore, reflecting strong financial discipline and resilience.
Himadri has been awarded the prestigious EcoVadis Platinum Medal, placing it among the top 1% of companies globally for sustainability practices. The company’s export portfolio has been bolstered by the launch of its high-temperature liquid coal tar pitch export terminal at Haldia Port in October 2024.
Aligned with its vision of expanding into high-value products, Himadri plans to invest ₹120 crore in a new facility for producing specialty chemicals, including anthraquinone, carbazole, and fluorene, from coal tar distillates. This project aims to reduce import dependency and cater to industries such as dyes, pigments, and pharmaceuticals, supporting the government’s “Atmanirbhar Bharat” initiative.
Mr Choudhary also outlined Himadri’s progress in lithium-ion battery materials and LFP cathode technology, which is expected to play a key role in India’s EV sector growth. The company continues to advance its R&D in silicon-carbon-based anodes, which promise significant improvements in EV battery performance.
The revamp of Birla Tyres is also underway, with commercial operations expected soon, while capacity at the Singur facility is being scaled up to increase carbon black production from 1,80,000 MTPA to 2,50,000 MTPA by Q3 FY26. Specialty carbon black production is set to rise from 60,000 MTPA to 1,30,000 MTPA, positioning Himadri as the fourth-largest global producer in this segment.
As a global leader in specialty chemicals, Himadri continues to innovate across its diverse portfolio, serving industries like lithium-ion batteries, paints, plastics, and construction. With eight zero-liquid discharge facilities and 100% clean power utilization, the company remains committed to sustainability, operational excellence, and long-term value creation for stakeholders.
