Himadri Speciality Chemical Ltd

The key equity benchmarks traded with limited gains in morning trade. Investor sentiment remained positive, aided by continued foreign institutional inflows. The Nifty scaled above the 24,200 level. Realty shares soared for the sixth consecutive trading session. At 10:25 IST, the barometer index, the S&P BSE Sensex added 297.10 points or 0.37% to 79,705.60. The Nifty 50 index rose 88 points or 0.36% to 24,213.55. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index jumped 0.79% and the S&P BSE Small-Cap index advanced 0.85%. The market breadth was strong. On the BSE, 2,489 shares rose and 1,039 shares fell. A total of 182 shares were unchanged. Earnings Today: HCL Technologies(down 0.31%), Tata Communications(up 0.56%), Waaree Energies(up 4.88%), M&M Financial Services(down 0.53%), AU Small Finance Bank(down 1.75%), Havells India(up 0.31%), Cyient DLM(up 3.27%), Delta Corp(up 1.20%), Huhtamaki India (down 0.92%) will declare their result later today. Economy: In a relief to banks, the Reserve Bank of India has finalized its Liquidity Coverage Ratio (LCR) guidelines, reducing the proposed additional run-off factor on internet and mobile banking-enabled retail deposits to 2.5%, effective 1 April 2026. Under the new norms, stable and less stable retail deposits will now attract run-off factors of 7.5% and 12.5%, respectively. The RBI also lowered the run-off rate on wholesale funding from non-financial entities like trusts and LLPs to 40% from 100%, aiming to better reflect funding stability. These changes are expected to improve banks' LCR by about 6% while ensuring continued compliance with minimum regulatory Buzzing Index: The Nifty Realty index rallied 1.80% to 879.65. The index surged 12.73% for the six trading sessions. Raymond (up 7.62%), Anant Raj (up 3.63%), Sobha (up 3.01%), Macrotech Developers (up 2.98%), Phoenix Mills (up 2.25%), Oberoi Realty (up 2.2%), Brigade Enterprises (up 1.38%), Prestige Estates Projects (up 1.21%), Godrej Properties (up 0.78%) and DLF (up 0.76%) surged. Stocks in Spotlight: Himadri Speciality Chemical added 0.69% after the company's consolidated net profit climbed 35.9% to Rs 155.58 crore in Q4 FY25, compared with Rs 115.16 crore in Q4 FY24. Revenue from operations fell 3.59% YoY to Rs 1,134.64 crore in Q4 FY25. H.G. Infra Engineering advanced 2.08% after the company announced that it had been declared a qualified bidder for a major battery energy storage project in Gujarat. The project is expected to be executed over a period of 24 months. Poonawalla Fincorp (PFL) rose 0.87%. The company has announced the launch of of its consumer durables loans business, marking its entry into the fast-growing and high-velocity segment of retail lending. In phase one, PFL plans to expand into 70 locations across key metros, as well as Tier 2 and Tier 3 cities, collaborating with 5,000 dealers, including regional retailers and small businesses with strong local reach.  Powered by Capital Market - Live

Net profit of Himadri Speciality Chemical rose 35.10% to Rs 155.58 crore in the quarter ended March 2025 as against Rs 115.16 crore during the previous quarter ended March 2024. Sales declined 3.59% to Rs 1134.64 crore in the quarter ended March 2025 as against Rs 1176.95 crore during the previous quarter ended March 2024. For the full year,net profit rose 35.26% to Rs 555.62 crore in the year ended March 2025 as against Rs 410.77 crore during the previous year ended March 2024. Sales rose 10.22% to Rs 4612.63 crore in the year ended March 2025 as against Rs 4184.89 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1134.641176.95 -4 4612.634184.89 10 OPM %20.5615.25 -18.5215.41 - PBDT238.07178.34 33 861.14623.72 38 PBT224.35165.73 35 806.17573.86 40 NP155.58115.16 35 555.62410.77 35 Powered by Capital Market - Live

The Board of Himadri Speciality Chemical at its meeting held on 21 April 2025 has approved the appointment of Amitabh Srivastava (DIN: 09704968), as an Additional Director in the capacity of Independent Director of the Company for the first term of 5 (five) consecutive years w.e.f. 21 April 2025, subject to approval of the shareholders at the forthcoming AGM of the Company.Powered by Capital Market - Live

The Board of Himadri Speciality Chemical at its meeting held on 21 April 2025 has approved acquisition of 100% paid-up equity share capital of Elixir Carbo (CIN: U23100CT2022PTC013517) (Target Company), for a total purchase consideration of Rs 7.50 crore in cash, by way of purchase of equity shares from the existing shareholders of the Target Company. Powered by Capital Market - Live

Himadri Speciality Chemical announced that the Board of Directors of the Company at its meeting held on 21 April 2025, has recommended a Final dividend of Rs.0.60 per share (i.e.60%), subject to the approval of the shareholders.Powered by Capital Market - Live

Himadri Speciality Chemical will hold a meeting of the Board of Directors of the Company on 21 April 2025.Powered by Capital Market - Live

The Board of Himadri Speciality Chemical at its meeting held on 03 April 2025 has approved the acquisition of 60% paid-up equity share capital of Trancemarine and Confreight Logistics for a purchase consideration of Rs 423.36 crore in cash  by way of purchase of equity shares from the existing shareholder. On completion of the transaction,  Trancemarine and Confreight Logistics will become subsidiary of Himadri Speciality Chemical, while  Sturdy Niketan, subsidiary of Trancemarine and Confreight Logistics will become a step-down subsidiary of Himadri Speciality Chemical. Powered by Capital Market - Live

The Board of Himadri Speciality Chemical at its meeting held on 29 March 2025 has approved the conversion  of 1,44,118 no. of 0.01% Unsecured Optionally Convertible Debentures (OCDs) held by the Company, into equity shares of Himadri Birla Tyre Manufacturer (HBTMPL). By this conversion the Company will be holding 49% of paid-up equity share capital of HBTMPL. Powered by Capital Market - Live

The Board of Himadri Speciality Chemical at its meeting held on 29 March 2025 has approved the conversion of 30,00,000 no. of 0.01% Secured Optionally Convertible Debentures (OCDs) held by the Company into equity shares of Birla Tyres (BTL) and subsequent acquisition of 9,999 existing equity shares of BTL held by Dalmia Bharat Refractories. On completion of the above conversion of OCDs into equity shares and acquisition of shares from existing shareholders of BTL, BTL will become Wholly Owned Subsidiary of the Company.  Powered by Capital Market - Live

Profit before tax in Q3 FY25 stood at Rs 205.84 crore, up by 37.1% from Rs 150.15 crore in Q3 FY24. Total expenses grew 3.75% YoY to Rs 946.78 crore in the December 2024 quarter. Cost of materials consumed stood at Rs 780.57 crore (up 0.9%) while employee benefits expenses were at Rs 37.43 crore (up 39.2% YoY) during the period under review. On the segmental front, revenue from the carbon materials and chemicals business stood at Rs 1,134.50 crore (up 8.38% YoY), and power business was at Rs 28.05 crore (down 0.28% YoY) during the period under review. On the Capex front, the company has allocated Rs. 120 crore to set up a facility for producing high-value-added specialty products. EBITDA stood at Rs 222 crore in Q3 FY24, registering the growth of 31.36% as compared with Rs 169 crore in Q3 FY23. The company stated that it recorded a sales volume of 137,447 MT in the third quarter, up by 10.82% YoY increase. Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical, said, 'Himadri has reported robust performance across its portfolio of products. Our export portfolio is strengthening, particularly bolstered by the commencement of our high-temperature Liquid Coal Tar Pitch export terminal at Haldia Port in October 2024. Aligned with our vision to expand into high-value products, we have planned a new capex for production of speciality products at an investment of Rs. 120 Crs, funded through internal accruals. This facility will enable us to extract high-value specialty products, including Anthraquinone, Carbazole, Fluorene from existing coal tar distillates at our existing facility and is expected to commence operations within the next 18 months. These products have application in dyes, pigments, pharma and various other industries. The EV sector in India is poised to attract $40 billion in investments, with 70% of this allocated to Lithium-ion Battery (LiB) manufacturing. Additionally, in late 2024, the Government of India approved a $ 1.3 billion incentive scheme for EVs, with one-third of the funds dedicated to the PM E-Drive scheme. For LiBs, in the cathode active material space, LFP continue to be the leading technology, with graphite anodes dominating the anode technology. Silicon-carbon based Anodes are well poised to bring about significant improvement in charging times, increase in Energy Density and significant increase in range coverage for EVs, thus helping to popularize EVs from an end-user's perspective. The revamp of Birla Tyres is progressing at full speed, and we are set to commence commercial operations soon. Over the next two to three years, we will be ramping up production across various tyre segments. We are scaling up capacity at our Singur facility to enhance carbon black production from 180,000 MTPA to 250,000 MTPA by Q3 FY26. Our specialty carbon black capacity will rise from 60,000 MTPA to 130,000 MTPA, positioning us as the fourth-largest global producer in this high-value segment.' Himadri Speciality Chemical is primarily engaged in the manufacturing of carbon materials and chemicals. The company has operations in India and caters to both domestic and international markets. Shares of Himadri Speciality Chemical rose 0.20% to Rs 546.15 on the BSE.Powered by Capital Market - Live