The company plans a new capex for production of speciality products at an investment of Rs. 120 crore, funded through internal accruals
Himadri Speciality Chemical Ltd reported results for the quarter ended 31st December 2024. During the quarter, the company’s standalone Revenue stood at ~Rs. 1,132 crore against ~ Rs.1,053 crore in Q3FY24, registering 7.50% growth YoY. EBITDA stood at ~Rs. 222 crore in Q3FY25 against ~Rs. 169 crore in Q3FY24, registering 31.36% growth YoY. Meanwhile, PAT increased to ~Rs. 142 crore in Q3FY25 against ~Rs. 108 crore in Q3FY24, registering 31.48% growth YoY.
Commenting on the results and performance, Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical Ltd said,“ We are excited to share our Q3 and 9M FY25 results, which showcase a strong and sustainable performance across all key financial and operational metrics. We achieved our highest-ever quarterly EBITDA of Rs. 222 crore in December quarter. For the 9M period, our sales volumes grew by 24%, reaching 415,679 MT, up from 335,265 MT in the same period last year. This growth was reflected in a 34% increase in EBITDA to Rs. 611 crore, and a 35% rise in PAT to Rs. 400 crore, further solidifying our upward trajectory. Our balance sheet continues to reflect our financial discipline and resilience, with a net positive cash balance of Rs. 109 crore. This positions us well to capitalize on strategic opportunities and drive long-term value creation.
“I am pleased to inform you all that Himadri Speciality Chemical Ltd has recently been awarded with EcoVadis Platinum medal. This recognition is awarded to the top 1% of companies assessed by EcoVadis in the world amongst more than 130,000 assessed companies globally. This distinction reflects the quality of the company's sustainability management system and demonstrates the highest level of corporate governance and a commitment to promoting transparency throughout the value chain. Himadri has reported robust performance across its portfolio of products. Our export portfolio is strengthening, particularly bolstered by the commencement of our high-temperature Liquid Coal Tar Pitch export terminal at Haldia Port in October 2024.
“Aligned with our vision to expand into high-value products, we have planned a new capex for production of speciality products at an investment of Rs. 120 crore, funded through internal accruals. This facility will enable us to extract high-value specialty products, including Anthraquinone, Carbazole, Fluorene from existing coal tar distillates at our existing facility and is expected to commence operations within the next 18 months. These products have application in dyes, pigments, pharma and various other industries. This strategic move marks a significant step towards reducing import dependency and aligns with Himadri's commitment towards the Government of India's vision of an Atmanirbhar Bharat.
“The EV sector in India is poised to attract USD 40 billion in investments, with 70% of this allocated to Lithium-ion Battery (LiB) manufacturing. Additionally, in late 2024, the Government of India approved a USD 1.3 billion incentive scheme for EVs, with one-third of the funds dedicated to the PM E-Drive scheme. For LiBs, in the cathode active material space, LFP continue to be the leading technology, with graphite anodes dominating the anode technology. Silicon-carbon based Anodes are well poised to bring about significant improvement in charging times, increase in Energy Density and significant increase in range coverage for EVs, thus helping to popularize EVs from an end-user's perspective. Himadri's progress on development of these technologies and its LFP cathode project is moving forward as planned.
“The revamp of Birla Tyres is progressing at full speed, and we are set to commence commercial operations soon. Over the next two to three years, we will be ramping up production across various tyre segments.
“We are scaling up capacity at our Singur facility to enhance carbon black production from 180,000 MTPA to 250,000 MTPA by Q3 FY26. Our specialty carbon black capacity will rise from 60,000 MTPA to 130,000 MTPA, positioning us as the fourth-largest global producer in this high-value segment. As we advance, we remain steadfast in our commitment to innovation, operational excellence, and sustainable growth. With a clear vision and a strong foundation, we are confident in our ability to deliver enduring value for our stakeholders and shape a promising future for our business.”
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