For the nine-month period, the company's EBITDA grew by 34% year-on-year to Rs 611 crore, while profit after tax (PAT) rose by 35% to Rs 400 crore.
14 Jan 2025 | 5885 Views | By Autocar Pro News Desk
Himadri Speciality Chemical Ltd reported a net profit of to Rs 142.06 crore in the quarter ended December 2024, an year-on-year increase of 30.55%, as against Rs 108.82 crore during the same period previous year. Revenue rose 8.38% to Rs 1140.66 crore in the quarter as against Rs 1052.51 crore ...
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Himadri Speciality Chemical Ltd reported a net profit of to Rs 142.06 crore in the quarter ended December 2024, an year-on-year increase of 30.55%, as against Rs 108.82 crore during the same period previous year. Revenue rose 8.38% to Rs 1140.66 crore in the quarter as against Rs 1052.51 crore during Q3 December 2023.
Himadri Speciality Chemical Ltd reported its highest-ever quarterly EBITDA of Rs 222 crore in Q3 FY25. For the nine-month period, EBITDA grew by 34% year-on-year to Rs 611 crore, while profit after tax (PAT) rose by 35% to Rs 400 crore.
The company’s sales volumes increased by 24% to 415,679 metric tonnes during the nine months ended, compared to 335,265 MT in the same period in FY24. Revenue stood at Rs 3,467 crore for the period, up from Rs 3,008 crore in FY24.
The company’s balance sheet remains strong, with a net positive cash balance of Rs 109 crore, positioning it for future growth and strategic investments. Himadri Speciality Chemical has also been awarded the EcoVadis Platinum medal, placing it among the top 1% of companies globally for sustainability practices.
As part of its growth strategy, Himadri has announced a capital expenditure of Rs 120 crore to establish a facility for high-value specialty products, including Anthraquinone, Carbazole, and Fluorene. These products, derived from existing coal tar distillates, cater to industries such as dyes, pigments, and pharmaceuticals. The facility, expected to commence operations within 18 months, will be funded through internal accruals and aims to reduce import dependency, aligning with the Indian government’s Atmanirbhar Bharat vision, Anurag Choudhary, CMD & CEO of Himadri Speciality said.
The company’s export portfolio received a boost with the operationalization of its high-temperature Liquid Coal Tar Pitch export terminal at Haldia Port in October 2024. Additionally, Himadri is scaling up its carbon black production capacity at its Singur facility from 180,000 MTPA to 250,000 MTPA by Q3 FY26. Specialty carbon black production will also increase from 60,000 MTPA to 130,000 MTPA, making Himadri the fourth-largest global producer in this segment.
Himadri’s focus on advanced materials for electric vehicles (EVs) continues to progress, with developments in Lithium Iron Phosphate (LFP) cathode technology and silicon-carbon anodes. The EV sector in India is projected to attract USD 40 billion in investments, with significant government incentives aimed at supporting the industry.
The company is also revamping the Birla Tyres brand, with commercial operations set to begin soon. Over the next two to three years, Himadri plans to expand production across various tyre segments, further diversifying its portfolio.