Himadri Speciality Chemical profit jumps 71 percent to Rs 1,07.89 crore for Q3FY24

The Kolkata-based chemical company’s EBITDA is up 59.43 percent y-o-y to Rs 169 crore and sales is up 26 percent.

By Autocar Pro News Desk

17 Jan 2024

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Himadri Speciality Chemical

Kolkata-based Himadri Speciality Chemical, on Tuesday, reported a 71.17 percent year-on-year jump to Rs 107.89 crore in its profit after tax for the third quarter this fiscal.

In the third quarter last fiscal, the specialty chemical company’s net profit had stood at ₹63.03 crore. The company’s revenue during the period under review rose 1.46 percent y-o-y at Rs 1,052.51 crore (Rs 1,037.39 crore), according to a stock exchange filing.

EBITDA soared 59.43 percent y-o-y to Rs 169 crore (Rs 106 crore).

Commenting on the results, Anurag Choudhary, CMD and CEO of Himadri Speciality Chemical, said, “Our profit improvements are result of in-house technology leading to cost optimisation while delivering competitive cost and superior value proposition to our customers. With our product innovation, we are consistently making a shift towards higher value-added products.”