Himadri Speciality Chemical Net Profit up 46% in Q1FY26

Himadri Speciality Chemical Limited reported a 46% increase in net profit to ₹179.36 crore in Q1FY26, compared to ₹122.78 crore in Q1 FY25. Its revenue from operations fell 6.84% to ₹1,118.29 crore. The consolidated net profit margin improved to 16.04%, up from 10.23% in the same period last year.

On a standalone basis, the company posted a 48% year-on-year increase in net profit, which rose to ₹182.57 crore from ₹123.45 crore in Q1 FY25. Revenue from operations stood at ₹1,100.42 crore, down 8.28% y-o-y. The net profit margin expanded to 16.59% from 10.29%, while the operating margin improved to 21.26%, compared to 15.64% a year earlier, reflecting better operational efficiency.

The company operates through two primary segments, with carbon materials and chemicals serving as the core business driver. This segment generated revenue of ₹1,094.98 crores on a standalone basis. The power division, while smaller in scale, maintained steady performance by contributing ₹25.54 crores to revenue. Standalone basic earnings per share increased to ₹3.70 from ₹2.50 in Q1 FY25.

During the quarter, Himadri successfully raised ₹300 crores through commercial paper issuances in two tranches. The first tranche of ₹100 crores was issued at 6.75% per annum, due for redemption on August 28, 2025, while the second tranche of ₹200 crores was issued at 6.30% per annum, due for redemption on September 25, 2025. Both issuances received A1+ credit rating from ICRA.

The company's operational footprint expanded significantly during the quarter with the addition of several new subsidiaries to its consolidation scope. These include Birla Tyres Limited, Himadri Birla Tyre Manufacturer Private Limited, Transmarine and Confreight Logistics Private Limited, and Elixir Carbo Private Limited, strengthening its presence across various business segments and geographic markets.

Himadri Speciality Chemical Limited is a leading manufacturer of carbon materials and specialty chemicals, serving various industries including steel, aluminum, and other industrial sectors. The company operates through its subsidiaries across India and internationally, with a focus on innovation and sustainable growth.