ScoutQuest17 Oct 2026
Himadri Speciality Chemical500184Quarterly results

Himadri Speciality Chemical Q2FY27: consolidated revenue up 57.93%, roadmap to 2028 with LFP, CNT and speciality capex

Q2FY27 consolidated revenue up 57.93% to Rs. 1,691.43 Cr; profit up 31.33% to Rs. 231.32 Cr.

By ScoutQuest · · 1 min read

19.44%Stake in IBC
Stake in IBC: 19.44%.
Q2FY27 consolidated revenue
Rs. 1,691.43 Cr, up 57.93%
Q2FY27 EBITDA
Rs. 303.22 Cr, up 27.48%
Q2FY27 profit
Rs. 231.32 Cr, up 31.33%
Period
Q2FY27 / H1FY27
Positioning
Himadri presents itself as a speciality chemical company diversifying into new energy materials, tyres and advanced carbon products, targeting global leadership in advanced battery material.

📈 Consolidated Q2FY27 net revenue from operations rose 57.93% to Rs. 1,691.43 Cr, EBITDA rose 27.48% to Rs. 303.22 Cr and profit rose 31.33% to Rs. 231.32 Cr. H1FY27 revenue was Rs. 3,123.31 Cr, up 42.66%, with profit of Rs. 459.75 Cr.

🌍 The company describes a shift towards high-value growth and diversification, spanning speciality carbon black, Birla Tyres, branded naphthalene balls, LFP cathode material, carbon nano tubes and a 19.44% stake in International Battery Company.

🏭 Management states it expects significant sustainable growth in profitability over the next two years, with LFP Phase 1 commercial plant targeted for Q3FY27, anthraquinone and carbazole and CNT in Q4FY27, and super speciality carbon black in Q4FY28.

🏭 The presentation says these investments are self funded and progressing as per schedule, listing capex of Rs. 1,125 Cr for LFP, Rs. 248 Cr for speciality chemicals, Rs. 70 Cr for CNT and Rs. 170 Cr for super speciality carbon black. Consolidated current borrowings stood at Rs. 1,152.26 Cr in Sep'26 against Rs. 762.11 Cr in Mar'26.

More numbers
  • Consolidated net revenue from operations, Q2FY271,691.43 (Rs. in Cr)
  • Consolidated revenue growth YoY, Q2FY2757.93%
  • Consolidated EBITDA, Q2FY27303.22 (Rs. in Cr)
  • Consolidated profit for the period, Q2FY27231.32 (Rs. in Cr)
  • Consolidated profit growth YoY, Q2FY2731.33%
  • Consolidated net revenue, H1FY273,123.31 (Rs. in Cr)
  • Consolidated profit, H1FY27459.75 (Rs. in Cr)
  • Standalone net revenue, Q2FY271,542.67 (Rs. in Cr)
  • LFP capexRs. 1,125 Cr
  • Speciality chemicals capexRs. 248 Cr
  • Consolidated current borrowings, Sep'261,152.26 (Rs. in Cr)
  • Consolidated total equity, Sep'265,188.39 (Rs. in Cr)
  • Stake in IBC19.44%
Source: BSE · 17 Oct 2026

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