Himadri Speciality Chemical Limited has informed the Exchange regarding a press release dated July 15, 2025.
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Himadri Speciality Chemical reported its highest-ever quarterly EBITDA of Rs 234 Cr and PAT of Rs 183 Cr for Q1FY26, up 25% and 48% year-on-year respectively. Revenue declined 8% YoY to Rs 1,100 Cr due to a correction in raw material prices, though sales volume grew marginally by 1% to 1,40,090 MT. The company commenced operations at Birla Tyres with a refreshed brand identity, logo, and redesigned website. Himadri also entered an exclusive technology licensing partnership with Australia's Sicona to commercialize SiCx® silicon-carbon anode technology in India, which can boost battery energy density by up to 20%. Additionally, the company invested USD 4.43 million to acquire a 16.24% equity stake in US-based International Battery Company (IBC), gaining access to its South Korean manufacturing and upcoming Bengaluru Gigafactory.
Strong profit growth despite weaker revenue reflects margin expansion and operational efficiency, which is positive for shareholders. Strategic moves into EV battery materials (Sicona partnership, IBC stake) and the revival of Birla Tyres position the company for long-term growth in clean-tech and mobility, though revenue softness from raw material price corrections is a near-term watchpoint.