Himadri Speciality Chemical has reported a 27 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 228 crore for the quarter ended June 30, 2026, driven by a stronger product mix, growth in speciality materials and higher-margin businesses.
The company posted its highest-ever quarterly financial performance, with consolidated revenue rising to Rs 1,432 crore and EBITDA touching Rs 313 crore, translating into an EBITDA margin of 22 per cent. PAT margin stood at 16 per cent.
Alongside its quarterly results, Himadri announced a combined Rs 240-crore capital expenditure plan to strengthen its advanced materials portfolio through investments in Carbon Nanotubes (CNT) and Super Speciality Carbon Black (SSCB).
The company will invest around Rs 70 crore to establish a 200 MTPA Carbon Nanotube manufacturing facility, scheduled for commissioning in Q4FY27. It said the project, backed by indigenous CNT technology developed through in-house R&D, would position Himadri among a select group of global manufacturers catering to a fast-growing market spanning lithium-ion batteries, semiconductors, electronics, aerospace and advanced composites.
It also announced a proposed Rs 170-crore investment to convert around 6,000 MTPA of its existing carbon black capacity into Super Speciality Carbon Black, targeting premium applications such as lithium-ion batteries, engineered plastics, fibres, coatings and conductive materials. The facility is expected to be commissioned in Q4FY28.
Himadri Speciality Chemical CMD & CEO Anurag Choudhary said: “We are pleased to report our highest-ever quarterly Revenue, EBITDA and PAT, underscoring a strong, resilient and sustainable financial performance. For the quarter, on a consolidated basis, Revenue stood at Rs. 1,432 crore, EBITDA stood at Rs. 313 crore, translating into an EBITDA margin of 22%, with Profit After Tax at Rs. 228 Crores, reflecting a PAT margin of 16%.
"Despite the geopolitical backdrop, the performance was improved by product mix across our core business and continued ramp-up in speciality materials. It reflects sustained execution of our diversification strategy, our shift up the value chain toward higher-margin, technologyintensive products, and the growing traction of our global partnerships in advanced materials.
"We remain focused on scaling momentum as we progress towards our long-term vision of becoming a diversified, future-ready, global advanced materials and application driven solution company."
He added: "We are also advancing our entry into premium speciality applications through Super Speciality Carbon Black (SSCB) leveraging our fully integrated carbon black platform. With approximately 6,000 MTPA being converted from our existing carbon black stream.
"SSCB is expected to deliver significantly higher value realisation across niche applications such as lithium-ion batteries, engineered plastic, fabrics, fibers, coating, conductive black. Supported by a proposed capex of approximately Rs. 170 crore, the project is targeted for commissioning in Q4FY28."
The New Energy Materials business, the CEO said, represents "what I believe will define Himadri's next chapter, positioning us strongly against the global energy transition as lithium-ion battery consumption is projected to rise from around 1.6 terawatt-hours in 2025 to nearly 6.8 terawatt-hours by 2035."
"On the anode side, we have commissioned a 200 MTPA facility at Mahistikry, West Bengal in April 2026, backed by over a decade of in-house R&D across the full anode technology stack and feedstock flexibility enabling backward integration into a self-reliant, cost-optimised value chain.
"On the cathode side, we are entering LFP Cathode Active Materials, the chemistry of choice for mass-market EVs, buses, two-wheelers and grid storage, given its thermal stability, safety, cycle life and cost efficiency.
"We are building capability across the full lab-to-commercial scale-up chain, with our 2,000 MTPA commercial capacity targeted for commissioning in Q3FY27 and a long-term ambition to establish a 200,000 MTPA facility, beginning with Phase I capacity of 40,000 MTPA. We believe this positions us strongly to capture opportunities arising from the accelerating adoption of LFP chemistry globally."
He added: "Looking ahead, we remain focused on scaling our global advanced materials and application driven solutions, while continuing to strengthen our core businesses. As global demand shifts toward advanced, sustainable materials, we are confident that our integrated value chain, technology-led approach and disciplined execution, we will continue to expand margins, deepen our competitive moat, create sustainable and long-term value for all our stakeholders.”
