Himadri Speciality Chemical Limited — Investor Meet, 06-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Himadri reported 16% volume growth to 552,206 MT with revenues up 10% to INR4,596 Cr. EBITDA jumped 33% to INR844 Cr, with margin improvement and PAT rising 36% to INR558 Cr. Net cash was INR371 Cr, ROCE at 34%. Growth is driven by brownfield specialty carbon black expansion, a new INR220 Cr specialty chemicals project, and a lithium-ion phosphate cathode plant on track for FY'27. Tyre manufacturing revenues will start H2 FY'26, focusing on off-highway and EV tyres. Exports account for ~27% of sales. Management highlighted AI-driven efficiencies and premium product focus, targeting PAT beyond INR800 Cr by FY'27.