Specialty carbon manufacturer Himadri Chemicals and Industries registered an increase in its net sales by 60 per cent to  Rs. 1123.36 crore from  Rs. 700.08 crore from FY 2010-11. EBIDTA FY 2011-12 stood at Rs. 224.60 crore as compared to Rs.192.56 crore of the previous fiscal, registering a YOY growth of 16.63 per cent .The Profit After Tax (PAT) was Rs. 22.24 crore for the last quarter of financial year 2011–12 as compared to Rs. 37.64 crore for Q4 in the corresponding period last year. The Profit Before Tax (PBT) stood at Rs. 81.54 crore in FY 2011-12 against  Rs. 143.40 crore in FY 2010-11. At the end of FY 2011-12, the Profit After Tax for the company has been Rs. 63.32 crore as against  Rs. 114.39 crore compared to the last financial year due to the depreciation of rupee against US Dollar, which resulted in a MTM forex loss of  Rs. 67.20 crore, which has been debited to P&L account.

Himadri has a firm plan to take its coal tar distillation capacity to a million mtpa by 2015 towards consolidating its vision of becoming top three players in coal tar pitch business globally. Serving to core industries such as aluminum, graphite, automobiles, infrastructure, lithium-ion, the company has earmarked an investment total of Rs. 1200 crore for its expansion plan. It also eyes export opportunities from its flagship global venture coal tar pitch unit in Shandong, China plant to global market. Having a total investment figure of$ 50 millionout of which $20 million has already been invested, the plant will also harbour one of the largest liquid pitch terminals globally. The unit has already started exporting coal tar pitch to various customers in western world. The company also plans to invest around 20cr this fiscal towards its Research & Development process inching towards expanding its carbon based product line from current eight to twelve by 2015. During the financial year 2011-12, the company has completed expansion in following line of businesses:

1. Expanded capacity of carbon black plant by 140% .
2. Set up Green filed project for manufacturing SNF , thereby expanding the capacity by 277 % .
3. Set up a greenfield plant Coal Tar Pitch in China, alongwith Liquid Pitch Terminal.
4. Set up a greenfield plant for manufacturing advanced carbon materials.

Anurag Choudhary, CEO, Himadri Chemicals and Industries Ltd, shared, “This has been a good and challenging year in terms of the company’s performance, good in terms of as the company was able to successfully commission four projects within the projected project cost and as per the committed timelines and we were able to achieve 60 % yoy growth in terms of our top line and a CAGR of 34% over the last 3 years. It was challenging as the company was not able to maintain its EBIDTA margins, which came down from 28 % to 20 % YOY basis. There has been lot of pressure on the margins, as is clearly reflected from the results of the last quarter the EBIDTA margin has come down from 23 % to 13% Q-o-Q, the decrease in EBIDTA margin was mainly due to the company not being able to pass on the higher cost of imported raw material to the user industries.

Going forward we would like to maximize our carbon competence to accelerate company growth, justifying the robustness of our business model which is ‘evolution from a business model to a model business’. Our dedicated Greenfield and Brownfield expansion programmes will thus aim at delivering enhanced value to all our stakeholders.”

Himadri is a vertically integrated specialty carbon corporation creating a chain of carbon products - as one finished product becomes a critical raw material for the next product.The company has been exceedingly successful in mastering the science of the carbon chain through knowledge based development, extensive in-house research and technological enhancement along with the manufacture of unique yet pioneering products such as Coal Tar Pitch, Impregnating Pitch, advanced carbon material, SNF, Naphthalene and Carbon Black.