Himadri Reports Record Q1 Profit

Himadri Speciality Chemicals Limited started the financial year 2026 with a strong and focused spirit of "Himadri reloaded," reflecting a strategic direction rooted in capacity expansion, technology-driven product development, and global integration.

- RAJIV KAPOOR

The company declared its highest ever EBITDA at Rs 235 crores and profit after tax of Rs 183 crores on a standalone basis for the first quarter of 2026. The standalone revenue for the quarter stood at Rs 1118 crores, while EBITDA grew by 25% and profit after tax grew by a stupendous 48% growth rate.

The net debt level of the company stood at Rs 107 crores for Q1FY26, while ROCE stood at 32% for the same quarter of the current financial year. This excellent performance was led by an increase in sales of high-value products, better operational efficiencies, improvement in yield, and a strong waste heat recovery system. It is worth noting that while revenue growth got marginally impacted due to a correction in raw material prices, the profitability trajectory remained firm and on a sustainable upward path.