HSCL reported record Q2 FY26 EBITDA of Rs. 243 crore (+21% YoY) and PAT of Rs. 187 crore (+39% YoY). Half-year financial results also achieved new highs, driven by a strategic shift to high-value products and operational efficiency. Revenue stood at Rs. 1,070 crore, impacted by lower raw material prices and deferred export orders to Q3.
Management is ahead of schedule in its goal to double FY24 PAT by FY27, expecting FY27 to significantly exceed original expectations. Capacity expansions for speciality carbon black (by Q3 FY26) and coal tar pitch de-bottlenecking (from Q4) are progressing, with new export markets in focus. The lithium-ion battery material (LFP cathode by Q3 FY27) and Birla Tyres' revival are key growth areas. The company's sentiment is confident, emphasizing sustainable growth and strategic execution.