Himadri Speciality Chemical Ltd reported standalone results for the quarter ended 30th June 2024.During the quarter, Himadri’s revenue stood at ~Rs. 1,200 crores against ~ Rs.951 crores in Q1FY24, registering 26% growth YoY. EBITDA increased by 43% YoY to ~Rs. 188 crores in Q1FY25 against ~Rs. 131 crores in Q1FY24. PAT increased by 40% YoY to ~Rs. 123 crores in Q1FY25 against ~Rs. 88 crores in Q1FY24.

Commenting on the results and performance, Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical Ltd said: “We are pleased to announce our Q1FY25 results, showcasing significant achievements across key metrics. Our sales volumes have grown to 1,39,175 MT from 1,01,030 MT in Q1FY24 registering a growth of 38% and EBITDA & PAT soared by 43% & 41%, reaching Rs. 188 Crores & Rs. 123 Crores respectively.

A significant milestone is our achievement of becoming debt-free, boasting a positive net cash balance. This accomplishment is a testament to our unwavering commitment to disciplined capital deployment and efficient working capital utilization. Our focus on both profitability as well as a disciplined balance sheet has led to a sustainable ROCE of 28%. Our current businesses are growing at a strong pace and fueling our vision for progression in current and new businesses. Our long-term focus on speciality and high-value-added products has consistently driven profitability, complemented by initiatives in operational efficiency, yield improvements, and competitive value propositions for our customers.

LFP as a Cathode chemistry is gaining strong acceptance and growth globally. As India’s first player to set-up LFP Cathode facility, we are progressing as per our plan. Along with the commercial plant, we are already in the process of setting up a demo unit to accelerate product approvals. Over the past few years, we have embarked on an exciting journey, exploring new avenues, developing cutting- edge technologies, and entering new businesses and segments. This momentum will continue with our ongoing initiatives and commitments.

As we look to the future, Himadri is poised for transformative growth. Our robust pipeline of innovative technologies and products promises to revolutionize various industries. We remain committed to driving forward with the same spirit of innovation and excellence, ensuring long term value creation for our stakeholders. The road ahead is filled with promising opportunities and we  are  ready  to  seize  them  with  our  relentless  focus  on  progress  and sustainability. "