Himadri Speciality

Himadri Speciality Chemical Ltd (HSCL) on Tuesday reported a 40 per cent year-on-year jump in net profit to Rs 123 crore in the first quarter of the current fiscal and said it will retain the traction for the year backed by volume and margin growth. EBITDA increased by 43 per cent year-on-year to approximately Rs 188 crores in Q1FY'25, up from Rs 131 crore in the corresponding quarter of the previous fiscal year. Sales also jumped to Rs 1200 crore during the quarter expanding by 26 per cent. "We have posted robust growth in sales and profitability driven by our value-added speciality products in both coal tar, speciality oils and speciality carbon black. The traction will continue due to various factors," Anurag Choudhary, CMD & CEO of Himadri Speciality, told PTI. Explaining the factors, he said Himadri being the leader with 65 per cent market share in coal tar pitch and remains one of the cheapest producers in the segment, there is no Chinese threat unlike other chemical ...

Himadri Speciality Chemical Ltd, a Kolkata-based speciality chemicals major, to expand its speciality carbon black capacity in a brownfield expansion project in West Bengal, with an estimated investment of Rs 220 crores, a company official said on Sunday. The expansion is envisaged to meet the increasing demand from Europe amid an impending ban on Russian carbon black imports in the EU. The expansion, scheduled to be operational within the next 18 months and located at Singur in the Hooghly district, will be funded through internal accruals. This additional capacity of 70,000 tonnes per annum will increase the company's speciality carbon black capacity to 1.3 lakh tonnes per annum, enhancing the cumulative capacity to 2.5 lakh tonnes from the current 1.8 lakh tonnes, the official added. "We foresee a significant uptick in demand for speciality carbon black, especially with the impending ban on Russian carbon black imports into the European Union. The gradual increase in the proport

Himadri will have two nominee directors on the board of Invati Creations Private Limited

Himadri Speciality Chemical Ltd (HSCL) on Tuesday posted a 67 per cent rise in consolidated net profit at Rs 108.78 crore during the quarter ended December 31. It had clocked Rs 65.21 crore net profit during the October-December period of the preceding 2022-23 fiscal, the company said in an exchange filing. The company's total income in the quarter rose to Rs 1,062.70 crore, over Rs 1,045.06 crore a year ago. HSCL trimmed its expenses to Rs 912.55 crore from Rs 965.59 crore. Kolkata-based Himadri Speciality Chemical Ltd is into manufacturing and supply of green energy, anode material for li-ion batteries, special types of oils and other materials for industrial usage. "Our core business is delivering strong cash flows quarter after quarter backed by strong customer relationships, quality-led production and continuous innovation," said Anurag Choudhary, CMD and CEO of Himadri Speciality Chemical Ltd. The improvement in profit is the result of in-house technology which leads to cos

"The existing business is growing, positioning Himadri among the top three players in specialty carbon black," he says

The company aims to produce 200,000 tonnes of lithium iron phosphate (LFP) cathode active material, catering to 100 GWh (gigawatt hour) of lithium-ion (Li-ion) battery

Himadri Speciality Chemical also announced that it has completed the acquisition of a 100 per cent stake in Himadri Clean Energy Ltd

Himadri stated that the Kolkata bench of NCLT had given a 'verbal' approval of the insolvency resolution plan of Birla Tyres

Operating in both domestic and international markets, Himadri Speciality Chemical exports to 49 countries worldwide

Analysts at ICRA said that a significant improvement in HSCL's operating profit in FY23 compared to FY22 and FY21, driven by higher Ebitda/MT will likely sustain going forward

An individual on Wednesday settled a case with markets regulator Sebi in relation to the alleged violation of insider trading norms in the matter of Himadri Speciality Chemical Ltd after paying Rs 26 lakh as settlement charges. The settlement order came after the applicant, Debashis Ghosh, proposed to settle the instant proceedings initiated against him "without admitting or denying the findings of facts and conclusions of law". "In view of the acceptance of the settlement terms and the receipt of settlement amount... the instant adjudication proceedings initiated against applicant vide show cause notice dated December 28, 2022, is disposed of in terms of the ... Settlement Regulations," Sebi's Adjudicating Officer Barnali Mukherjee said in an order. The Securities and Exchange Board of India (Sebi) had initiated adjudication proceedings against the applicant for the alleged violation of the code of conduct of PIT (Prohibition of Insider Trading) rules. A show cause notice was issu

Himadri Speciality Chemical Limited's profit after tax during the June 2023-24 quarter has more than doubled to Rs 86 crore, on account of reduced expenses. It had posted Rs 38 crore profit after tax (PAT) in the corresponding period in 2022-23, Himadri Speciality Chemical Limited (HSCL) said in a regulatory filing on Tuesday. However, the company's total income fell to Rs 961 crore from Rs 1,048 crore in the year-ago quarter, it said. The expenses also reduced to Rs 842 crore from Rs 1,000 crore earlier. "Our performance during this period is attributable to the consistent move towards value-added products. Our business priorities are aligned with global sustainability goals," Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical Ltd said. He further said that the role of lithium-ion batteries (LiB) technology has evolved and stabilized over the last few decades to become commercially feasible across all segments viz. electric vehicles, energy storage and consumer ...

Indian speciality chemicals firm says deal will help it in technologies for battery material

Himadri Speciality Chemical Limited (HSCL) on Saturday reported over three-fold jump in profit after tax to Rs 77 crore for the March 2023 quarter on account of higher revenue. It had posted Rs 21 crore profit after tax (PAT) for the same period in 2021-22, HSCL said in a statement. For the full 2022-23, the company's PAT rose to Rs 208 crore from Rs 65 crore in FY22, registering over three-fold growth. Its total income from revenues also increased to Rs 1,029 crore from Rs 834 crore in the year-ago quarter, the company said. In FY23, revenue surged to Rs 4,172 crore from Rs 2,798 crore in FY22. Anurag Choudhary, CMD of Himadri Speciality Chemical Ltd, said, "Strong focus on core businesses and commitment to provide value-added products, coupled with investment in R&D, innovation, and improved business model, have consistently led us to achieve sustainable results and grow our profitability". Kolkata-based Himadri Speciality Chemical Limited is into manufacturing and supply of ..

In the past six months, HSCL has outperformed the market by surging 75 per cent, as compared to a 9 per cent decline in the S&P BSE Sensex.

Thus far in the calendar year 2019, the stock has tanked 55% as compared to 13% rise in the S&P BSE Sensex.

The stock was trading 4% higher at Rs 159, extending its Wednesday's 3.4% gain on the BSE, after the government imposed anti-dumping duty on Chinese imports of Sulphonated Naphthalene Formaldehyde.