Himatsingka Seide Limited — Investor Meet, 17-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Himatsingka Seide reported Q2 FY26 consolidated revenue of 629 Cr, down 9.3% YoY, mainly due to U.S. tariffs. Other income surged to 77.7 Cr from 6 Cr, driven by 66 Cr forex gains. Net debt reduced to 2,436 Cr. Management noted tariffs impacted revenue and EBITDA margins (down ~400 bps), with a 4-5% weighted average impact on the company, which they are mitigating. U.S. exposure is 60-65%. The company aims to boost non-U.S. revenue, strengthen India operations, and utilize capacity post-tariff resolution. A 500 Cr equity raise is planned for deleveraging. Management is focused on strategic priorities amid challenges.