Himadri Speciality Chemical held an earnings conference call on January 21, 2026, to discuss the financial performance for Q3 and the first nine months of FY26. Key highlights included the start of trial production at the speciality carbon black expansion project, increased promoter stake, and strong financial performance exceeding previous year’s results. The company is focused on high value-added products and expanding into battery materials.
Speciality Carbon Black Expansion
Himadri announced the start of trial production for its speciality carbon black expansion project, increasing the total capacity to 130,000 metric tons per annum. This makes it the world’s largest single-site speciality carbon black plant. The company expects this expansion to drive growth in high value-added solutions.
Financial Performance Highlights
The company reported strong financial results, with PAT growing 41% year-on-year for the nine months ended December 31, 2025, exceeding the PAT of the entire FY25. On a standalone basis for Q3 FY26, revenue stood at INR 1,133 crores and EBITDA was INR 249 crores, a 12% year-on-year growth. Profit after tax for Q3 FY26 was INR 195 crores, a 37% year-on-year increase.
Lithium-ion Battery Materials
Himadri is entering the battery materials sector, focusing on lithium-ion phosphate for cathode materials and a comprehensive spectrum of anode solutions. The company aims to build a 200,000 metric ton LFP Cathode Active Material capacity in phases. The first commercial phase of 40,000 metric tons per annum is on track for Q3 FY27.
Birla Tyres Update
Birla Tyres continues to expand its footprint in India and international markets. In Q3, revenue reached INR60-plus crores, and further growth is expected with capacity ramp-up.
Sustainability Recognition
EcoVadis awarded Himadri the platinum medal for the second consecutive year, placing it among the top 1% of over 150,000 companies globally assessed on ESG parameters.
Guidance and Outlook
Himadri reaffirmed its guidance to double PAT by FY28 from the FY25 base. The company will focus on internal accruals for future growth, with no expected equity dilution or debt.
Source: BSE
