Himadri Speciality Chemical reports strong Q1 FY25 performance

Kolkata-based Himadri Speciality Chemical Ltd has announced robust financial results for the first quarter of fiscal year 2025, showing significant year-on-year growth across key metrics.

The speciality chemical manufacturer reported a 26% increase in revenue, reaching Rs. 1,200 crores in Q1 FY25, up from Rs. 951 crores in the same quarter last year. Sequentially, revenue grew by 2% from Rs. 1,177 crores in Q4 FY24.

Himadri Speciality Chemical Ltd is a global speciality chemical conglomerate with a strong focus on research and development, innovation, and sustainability. The company has established itself as a pioneer in the production of lithium-ion battery materials in India, continuously developing and innovating raw materials for the lithium-ion battery value chain.

The company's diverse product portfolio includes speciality carbon black, coal tar pitch, refined naphthalene, advanced materials, SNF, speciality oils, and power. These products cater to various industries such as lithium-ion batteries, paints, plastics, tires, aluminium, graphite electrodes, agrochemicals, defense, and construction chemicals. Himadri operates both in domestic and international markets, exporting to 54 countries across the globe.

Sales volume saw a substantial rise of 38% year-on-year, climbing to 139,175 MT from 101,030 MT in Q1 FY24. However, there was a slight dip of less than 1% compared to the previous quarter's 140,317 MT.

The company's EBITDA showed impressive growth, rising 43% year-on-year to Rs. 188 crores, compared to Rs. 131 crores in Q1 FY24. This also represents a 6% increase from the preceding quarter's Rs. 177 crores.

Net profit (PAT) for the quarter stood at Rs. 123 crores, marking a significant 40% increase from Rs. 88 crores in the year-ago period. Sequentially, PAT grew by 7% from Rs. 115 crores in Q4 FY24.

Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical, highlighted the company's achievement of becoming debt-free with a positive net cash balance. He attributed this to disciplined capital deployment and efficient working capital utilization, resulting in a sustainable Return on Capital Employed (ROCE) of 28%.

Choudhary also emphasized the company's progress in setting up India's first LFP (Lithium Iron Phosphate) Cathode facility, noting the increasing global acceptance of LFP as a cathode chemistry for batteries.