Himadri Speciality Chemical Posts Record Quarterly Revenue and EBITDA Amid Growth in Specialty Materials

Himadri Speciality Chemical Posts Record Quarterly Revenue and EBITDA Amid Growth in Specialty Materials​

Himadri Speciality Chemical Ltd reported strong results for the quarter ended June 30, 2026, achieving record figures across revenue, EBITDA, and Profit After Tax (PAT). The company attributed its resilient financial performance to effective product mix management and sustained momentum in specialty materials, even against a global geopolitical backdrop.

Consolidated revenue stood at Rs. 1,432 Crores, while EBITDA reached Rs. 313 Crores. This translated into an EBITDA margin of 22%, with Profit After Tax (PAT) coming in at Rs. 228 Crores, reflecting a PAT margin of 16%.

The key financial highlights for the quarter are presented below:

Strategic Expansion and New Projects​

Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical Ltd, commented on the results, noting that the performance underscores a strong and sustainable financial health. He stated that these achievements reflect the company's successful execution of its diversification strategy and its strategic shift towards high-margin, technology-intensive products.

On July 15, 2026, Himadri announced two significant growth projects aimed at strengthening its specialty materials portfolio:

• Carbon Nanotubes (CNT): The company successfully developed indigenous CNT technology through in-house R&D. A future 200 MTPA CNT manufacturing facility is planned, backed by a capital expenditure (capex) of approximately Rs. 70 Crores, and is targeted for commissioning in Q4FY27. This material is set to serve industries such as lithium-ion batteries, electronics, semiconductors, advanced composites, and coatings.
• Super Speciality Carbon Black (SSCB): Leveraging a fully integrated carbon black platform, the company is advancing its entry into premium speciality applications using SSCB. With approximately 6,000 MTPA projected from existing carbon black streams, the project is targeted for commissioning in Q4FY28 and has a proposed capex of around Rs. 170 Crores.

Focus on New Energy Materials​

The company's New Energy Materials business segment was highlighted as defining Himadri’s next chapter amid the global energy transition.

Key developments include:

• Anode Materials: A 200 MTPA facility for anode materials was commissioned at Mahistikry, West Bengal in April 2026, following more than a decade of investment in anode technology and feedstock flexibility.
• Cathode Materials (LFP): Himadri is entering the LFP Cathode Active Materials market, which is crucial for mass-market EVs, buses, two-wheelers, and grid storage. The company aims to reach 2,000 MTPA commercial capacity by Q3FY27, with a long-term ambition set at a 200,000 MTPA facility, beginning with Phase I capacity of 40,000 MTPA.

Strategic Investments and Operational Updates​

During the quarter, Himadri continued strategic investments within the battery materials ecosystem. The company's strategic investment in Sicona secured AUD 45 million in funding from the Australian Renewable Energy Agency (ARENA) to accelerate silicon-carbon anode technology commercialization. Furthermore, Himadri increased its stake in International Battery Company (IBC) from 17.29% to 19.44%.

In other operational updates:

• Birla Tyres: The company expanded its market reach through a network of 49 distributors—40 domestic and 9 international—and over 1,000 dealers. New tyre sizes under the AGRILEAP T40, AGRIPLUS, and AGRIWIN series were launched for agricultural applications. Birla Tyres is planning to introduce nearly 400 additional SKUs across various segments and targets commissioning a dedicated passenger car radial (PCR) facility in FY28.
• Anthraquinone and Carbazole: This project remains on schedule with a planned total capacity of 5,300 MTPA. Phase I capacity (2,600 MTPA) is targeted for Q2FY27, followed by Phase II (2,700 MTPA) in Q2FY28, aiming to reduce India’s reliance on imports in dyes and pigments.

Awards and Core Business Strength​

The company received several recognitions this year, reinforcing its commitment to innovation and sustainability. These accolades include securing the EcoVadis Platinum Medal for the second consecutive cycle, achieving Platinum status at LACP 2025/26 Spotlight Awards for Sustainability Report (the second successive win), and receiving The 14th Golden Globe Tiger Awards 2026 in Kuala Lumpur for Best Overall Sustainable Performance. Himadri was also included in the 2025 Burgundy Private Hurun India 500, and conferred the International Safety Award (ISA) 2026 Merit by the British Safety Council.

The core businesses continue to provide a robust foundation for growth. In Speciality Carbon Black, the company is deepening its presence in high-value applications through technology development. For Coal Tar Pitch, market leadership continues to be strengthened via scale and export infrastructure, leveraging the world's largest single-location fully integrated carbon complex.

HSCL Stock Price Movement​

Today, Himadri Speciality Chemical Limited shares edged higher, closing at ₹681.55 after gaining 1.34%. The stock saw high trading activity, with 6.53 million shares traded today as the price moved within a range of ₹674 to ₹684.5.