Himadri Speciality Chemical's PAT Surges 37 Percent to INR 258 Crore for H1 FY25

Himadri Speciality Chemical Ltd, a Kolkata-based firm specialising in specialty chemicals and a manufacturer of lithium-ion battery materials in India, has reported robust financial results for the quarter and half-year ending September 30, 2024.

The company showcased impressive growth across key financial and operational metrics, driven by strong demand, profitability, and strategic investments. For the first time, Himadri Speciality Chemical's quarterly EBITDA surpassed INR 200 crore, marking a historic milestone for the company.

On a half-year (H1) basis, sales volumes surged 32 percent, reaching 2,78,232 metric tonnes (MT), up from 2,11,242 MT in H1 FY24. The company's EBITDA saw a substantial rise of 36 percent, reaching INR 389 crore, while Profit After Tax (PAT) soared by 37 percent to INR 258 crore, continuing its impressive growth trajectory.

Commenting on the results, Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical Ltd, expressed his satisfaction with the company’s financial performance. “We are pleased to announce that our quarterly EBITDA has crossed INR 200 crore for the first time, reflecting our focus on profitability and operational efficiencies. Our strong balance sheet, with a positive cash balance of INR 255 crore, provides us the flexibility to continue expanding our business as planned,” Choudhary said.

He also highlighted the company's Return on Capital Employed (ROCE) of 31 percent emphasising its commitment to disciplined capital deployment and efficient working capital management. 

Himadri's ongoing capital expenditure (capex) initiatives are on track, including the development of its first commercial plant for LFP (Lithium Iron Phosphate) Cathode Active Material, with a 40,000 MTPA capacity, set to be operational by Q3 FY27.

Moreover, the expansion of a new speciality carbon black line, with a 70,000 MTPA capacity, is expected to be completed by Q3 FY26. Looking ahead, Choudhary expressed optimism about the company’s growth prospects, stating,  “As we move forward, we are confident of accelerated growth across all our segments, driven by strong demand and our continued focus on operational efficiencies, ensuring maximum value for all our stakeholders.”

The firm claimed that it will continue to lead in innovation and sustainability, exporting to 54 countries and maintaining its commitment to research and development, particularly in lithium-ion battery materials.