Himadri Speciality Chemical Limited has reported consolidated financial results for the period ended September 30, 2024.

The company has reported total income of Rs. 1150.49 crores during the period ended September 30, 2024 as compared to Rs. 1213.05 crores during the period ended June 30, 2024. The company reported total income of Rs.1014.34 crores during the period ended September 30, 2023.

The company has posted net profit of Rs. 135.36 crores for the period ended September 30, 2024 as against net profit of Rs. 122.62 crores for the period ended June 30, 2024. The company posted net profit of Rs.100.64 crores for the period ended September 30, 2023.

Commenting on the results and performance, Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical Ltd said:“We are pleased to announce our Q2 & H1 FY25 results, reflecting robust performance across key financial and operational metrics.

“For the first time, our quarterly EBITDA crossed Rs. 200 crores. On a H1 basis, our sales volumes increased to 2, 78,232 MT, up from 2, 11,242 MT in H1 FY25, thereby achieving a growth of 32%. In the same period, our EBITDA rose by 36% to Rs. 389 crores and PAT rose by 37% to Rs. 258 crores, maintaining a high growth trajectory.

“Our Balance Sheet continues to remain strong with a positive cash balance of Rs. 255 crores. This gives us the strength and the flexibility to further expand our businesses based on our plans communicated in the last few quarters. This accomplishment underscores our commitment to disciplined capital deployment and efficient working capital management. Our strategic focus on profitability and a prudent balance sheet has contributed to a distinctive ROCE of 31% as on September 2024.

“We are pleased to announce the successful completion of our first export shipment of liquid coal tar pitch in October 2024, paving the way for large global liquid coal tar pitch market.

“Our Investments in Birla Tyres Ltd is progressing well. We have planned an additional capital expenditure to enhance our operational capabilities and improving efficiencies.

“Our capex initiatives are also on track. The development of our first commercial plant with a 40,000 MTPA capacity for LFP Cathode Active Material is progressing as planned and is scheduled to be operational by Q3 FY27. Additionally, the expansion of a new speciality carbon black line with a 70,000 MTPA capacity is set to be completed by Q3 FY26.

“As we progress ahead, we are confident of accelerated growth in all our segments as we witness considerable traction on demand and with our continued focus on operating efficiencies, thereby achieving maximum value for all our stakeholders.”