Himadri Speciality Chemical Ltd reported its strongest financial performance to date for FY26, with consolidated revenue reaching INR 4,661 crore and PAT hitting INR 755 crore, reflecting a 36% year-on-year growth. The company achieved key operational milestones, including the commissioning of its first anode material manufacturing facility in West Bengal and significant capacity expansion in speciality carbon black, while positioning itself for long-term growth in the global lithium-ion battery value chain.
Fiscal Year 2026 Financial Highlights
Himadri Speciality Chemical Ltd delivered robust results for the year ended March 31, 2026. On a consolidated basis, the company reported EBITDA of INR 1,006 crore, up 19% year-on-year. The company’s focus on high value-added solutions, operational efficiency, and cost optimization drove an exceptional 36% growth in Profit After Tax (PAT), which stood at INR 755 crore for the full year. The company maintains a resilient balance sheet with a net positive cash balance of INR 121 crore and an improved Return on Capital Employed (ROCE) of 32%.
Advancing the Lithium-Ion Battery Strategy
A major highlight of the year was the successful commissioning of Himadri’s first anode material manufacturing facility in Mahistikry, West Bengal, on April 23, 2026. With an initial capacity of 200 metric tons per annum, this facility marks the company’s entry into the lithium-ion battery material value chain, utilizing entirely in-house technology. Furthermore, the company is progressing with its lithium iron phosphate (LFP) cathode active material project, which targets a total capacity of 40,000 metric tons per annum, with the first 2,000 metric tons milestone expected by Q3 FY27.
Operations and Strategic Growth Pillars
The company successfully expanded its speciality carbon black capacity to 130,000 metric tons per annum at its Mahistikry facility, cementing its status as one of the top 5 global players in the segment. Additionally, the revival of the Birla Tyres brand saw a revenue contribution of INR 187 crore in its first half-year of operations. Management remains committed to a calibrated scale-up, targeting INR 3,000 crore in annual top-line contribution from the tyre business within the next four years.
Global Outlook and Future Roadmap
Himadri continues to strengthen its global footprint, now operating across 61 countries. The company’s strategic focus remains on value-added products and sustainable growth. With upcoming projects like the anthraquinone and carbazole plant expected to commission in Q2 FY27, the company is well-positioned to reduce import dependency and capitalize on emerging demand in electric mobility, energy storage, and advanced material sectors.
Source: BSE
