Himadri speciality chemical sees record half-year earnings, expands strategic investments

Himadri Speciality Chemical Limited reported record financial results for the quarter and half-year ended September 30, 2025. Q2FY26 saw a 21% year-on-year increase in EBITDA to INR 243 crores and a 39% rise in PAT to INR 187 crores. For H1FY26, EBITDA reached INR 477 crores, up 23% from H1FY25, and PAT grew 43% to INR 369 crores. Revenue for Q2FY26 stood at INR 1,070 crores.

The company is strategically expanding its presence in the LiB materials market, having secured 17.6% post-conversion equity in Sicona Battery Technologies Pvt. Ltd. with a cumulative investment of INR 103.95 crores and a 16.24% stake in International Battery Company (IBC) for USD 4.43 million. Additionally, Himadri acquired a 40% stake in Invati Creations for INR 45.16 crores. Its planned 200,000 MTPA LFP cathode material facility is expected to be operational in phases over 5-6 years, with the first commercial plant of 40,000 MTPA capacity in Q3FY27.

Himadri is also committed to sustainability, evidenced by its ISCC PLUS certification for the Mahistikry plant and a 'B' rating in the 2024 CDP evaluation for Climate Change and Water Security. The company is enhancing its speciality carbon black capacity by 70,000 MTPA, aiming for 130,000 MTPA total capacity by Q3FY26. It has also launched "Durofresh™," a new naphthalene ball brand, and completed its first export shipment of liquid coal tar pitch in October 2024.