Himadri Speciality Chemical Q1FY27 Earnings Call Transcript Released
Himadri Speciality Chemical reported Q1FY27 consolidated revenue of ₹1,432 Cr, EBITDA ₹313 Cr, and PAT ₹228 Cr. The company is investing ₹70 Cr in a 200 MTPA Carbon Nanotube (CNT) facility for Q4 FY27 commissioning and ₹170 Cr to convert 6,000 MTPA capacity for Super Speciality Carbon Black. An LFP cathode facility is planned for Q3FY27.
The announcement details significant investments in high-growth areas like Carbon Nanotubes and Super Speciality Carbon Black, as well as expansion in battery materials (LFP and anode). These initiatives represent a strategic shift towards advanced materials and energy transition, which are expected to have a substantial long-term impact on the company's growth and profitability.
The company reported strong financial results with significant year-on-year growth in revenue, EBITDA, and profit after tax. Strategic initiatives in new energy materials like CNT and Super Speciality Carbon Black, along with progress in battery materials and the turnaround at Birla Tyres, indicate a positive growth outlook.
Himadri Speciality Chemical Limited has released the transcript of its earnings conference call for the first quarter ended June 30, 2026, which was held on Thursday, July 16, 2026. The call featured insights from Chairman, Managing Director, and CEO Anurag Choudhary, along with EVP Somesh Satnalika and CFO Kamlesh Agarwal.
During the quarter, the company reported consolidated revenue of ₹1,432 Crores, with EBITDA at ₹313 Crores (22% margin) and profit after tax at ₹228 Crores (16% PAT margin). Standalone revenue was ₹1,274 Crores, EBITDA ₹301 Crores (24% margin), and PAT ₹223 Crores (18% margin).
The company highlighted significant strategic initiatives, including the successful development of indigenous Carbon Nanotube (CNT) technology, with a planned 200 MTPA manufacturing facility targeted for commissioning in Q4 FY27, backed by a ₹70 Crores capex. This positions Himadri as one of the few global manufacturers in this high-growth market.
Furthermore, Himadri is entering the Super Speciality Carbon Black segment by converting 6,000 MTPA of existing capacity with a ₹170 Crores capex, targeting high-performance, niche applications. The company is also expanding its presence in new energy materials, with its 200 MTPA anode material facility commissioned in April 2026 and a 2,000 MTPA Lithium Iron Phosphate (LFP) cathode facility expected in Q3FY27, part of a larger 40,000 MTPA expansion plan.
Investments in the battery material ecosystem include a strategic stake in Sicona, which secured AUD45 million funding, and an increased stake in International Battery Company (IBC). The turnaround at Birla Tyres continues with modernization and a phased conversion of capacity towards Off-the-Road (OTR) tyre production, alongside new product launches and over 400 SKUs under development.
The Coal Tar Pitch business remains a strong anchor, with plans for forward integration into anthraquinone and carbazole, targeting full commissioning by FY28. The company's business model is structured in three layers: core coal tar derivatives, specialty offerings, and new energy materials.
Sustainability remains a core focus, with all plants operating on a zero-liquid discharge basis and the reaffirmation of EcoVadis Platinum rating. The company is diversifying, shifting its product portfolio mix, and executing plans with balance sheet discipline.
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