Himadri Speciality Chemical Q1FY27 Revenue at ₹1,432 Cr, PAT at ₹228 Cr; Expands Battery Materials
Himadri Speciality Chemical reported record Q1FY27 results with Revenue at ₹1,432 Cr (+28% YoY), EBITDA at ₹313 Cr (+33% YoY), and PAT at ₹228 Cr (+27% YoY). The company announced major growth projects including a 200 MTPA Carbon Nanotube (CNT) facility (₹70 Cr capex) for Q4FY27 commissioning and a Super Speciality Carbon Black (SSCB) project (₹170 Cr capex) for Q4FY28 commissioning. Expansion in battery materials, including LFP Cathode Active Materials, is progressing with a 2,000 MTPA facility targeted for Q3FY27.
The announcement details record financial results and significant strategic investments in high-growth areas like battery materials and advanced chemicals. These developments are expected to substantially impact the company's future revenue streams, market position, and overall valuation.
The company reported record-breaking quarterly revenue, EBITDA, and PAT, indicating strong financial performance. Significant investments in new projects like CNT and SSCB, along with expansion in battery materials, signal positive future growth prospects.
Himadri Speciality Chemical Ltd has announced its financial results for the quarter ended 30 June 2026, reporting record-breaking figures. The company achieved a consolidated revenue of ₹1,432 Crore, a significant increase of 28% compared to the previous year's ₹1,118 Crore in Q1FY26. EBITDA also reached a new high of ₹313 Crore, up 33% from ₹235 Crore in Q1FY26, with an EBITDA margin of 22%. Profit After Tax (PAT) stood at ₹228 Crore, a 27% rise from ₹179 Crore in Q1FY26, resulting in a PAT margin of 16%.
Mr. Anurag Choudhary, CMD & CEO, attributed the strong performance to an improved product mix, continued ramp-up in speciality materials, and the successful execution of the company's diversification strategy towards higher-margin, technology-intensive products. He highlighted the growing traction in global partnerships for advanced materials and the company's vision to become a diversified, future-ready, global advanced materials and solutions provider.
The company also announced two significant growth projects on 15 July 2026. Himadri has developed indigenous Carbon Nanotube (CNT) technology and plans to establish a 200 MTPA manufacturing facility with a planned capex of approximately ₹70 Crore, targeted for commissioning in Q4FY27. This facility is expected to position Himadri among a select group of global CNT manufacturers.
Furthermore, Himadri is entering the Super Speciality Carbon Black (SSCB) segment, converting approximately 6,000 MTPA from its existing carbon black stream. This project, supported by a proposed capex of approximately ₹170 Crore, is targeted for commissioning in Q4FY28 and aims to deliver higher value realization in niche applications.
In its New Energy Materials business, Himadri has commissioned a 200 MTPA facility for anode material in April 2026 and is entering the LFP Cathode Active Materials segment. A commercial capacity of 2,000 MTPA for LFP cathode is targeted for commissioning in Q3FY27, with a long-term ambition for a 200,000 MTPA facility.
Strategic investments in the battery materials ecosystem continue, with Himadri increasing its stake in International Battery Company (IBC) to 19.44%. Additionally, Sicona, in which Himadri is a strategic investor, secured AUD 45 million in funding from ARENA.
Birla Tyres is advancing its turnaround strategy, expanding its market reach and launching new tyre sizes. The business aims to introduce nearly 400 additional SKUs and plans to enter the passenger car radial (PCR) market, with a dedicated PCR facility targeted for commissioning in FY28.
The Anthraquinone and Carbazole project remains on schedule, with Phase I (2,600 MTPA) targeted for commissioning in Q2FY27 and Phase II (2,700 MTPA) in Q2FY28. This project is expected to reduce India's reliance on imports in dyes and pigments.
Himadri has received significant recognition for its sustainability efforts, including the EcoVadis Platinum Medal for the second consecutive cycle, a Platinum award at LACP 2025/26 Spotlight Awards for its Sustainability Report, and the Golden Globe Tiger Awards 2026 for Best Overall Sustainable Performance. The company was also included in the 2025 Burgundy Private Hurun India 500.
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