Himadri Speciality Chemical Ltd reported a net profit of 134 crore rupees in Q2FY25 on revenues of 1,135 crore rupees.
16 Oct 2024 | 2069 Views | By Autocar Professional Bureau
Global speciality chemical conglomerate Himadri Speciality Chemical Ltd reported a 13% year-on-year increase in revenue for the quarter ended Sept 30, 2024. Its revenue increased to 1,135 crore rupees in Q2FY25, up from Rs. 1,005 crore in the same quarter last year.
The company’s profit after tax (PAT) also ...
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Global speciality chemical conglomerate Himadri Speciality Chemical Ltd reported a 13% year-on-year increase in revenue for the quarter ended Sept 30, 2024. Its revenue increased to 1,135 crore rupees in Q2FY25, up from Rs. 1,005 crore in the same quarter last year.
The company’s profit after tax (PAT) also witnessed strong growth, increasing 33.3% to around 134 crore rupees, compared to 101 crore rupees in Q2FY24. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 29.1% year-on-year, rising to about 201 crore rupees from 156 crore rupees.
Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical said, "For the first time, our quarterly EBITDA crossed Rs. 200 crores. On a H1 basis, our sales volumes increased to 2,78,232 metric tons, up from 2,11,242 metric tons in H1 FY25, thereby achieving a growth of 32%."
The company reported a positive cash balance of 255 crore rupees, which Choudhary stated would provide flexibility for future expansion plans. He also noted that the company achieved a Return on Capital Employed (ROCE) of 31% as of September 2024.
Himadri Speciality Chemical Ltd has completed its first export shipment of liquid coal tar pitch in Oct 2024. The company has also progressed with its investments in Birla Tyres Ltd and has planned additional capital expenditure to enhance operational capabilities.
Regarding future developments, Choudhary said, "The development of our first commercial plant with a 40,000 metric tons per annum (MTPA) capacity for LFP Cathode Active Material is progressing as planned and is scheduled to be operational by Q3 FY27.” The expansion of a new specialty carbon black line with a 70,000 MTPA capacity is set to be completed by Q3 FY26, Choudhary further said.