Himadri Speciality Chemical Ltd
Himadri Speciality Chemical Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
The short version
Volumes currently capped due to peak capacity utilization; growth expected post Q3 FY26 after capacity expansion. - Coal tar pitch capacity increasing from 500,000 MT to 600,000 MT; utilization to rise starting Q3 FY26. - Speciality carbon black new facility to commence by end Q3 FY26; full impact on volumes and revenue expected in FY27. - Anticipation of double-digit volume and revenue growth resumption in FY27 post capacity additions. - FY26 PAT already at Rs. Himadri is on track to double profitability from FY24 to FY27, initially projected from Rs.
From Himadri Speciality Chemical Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Volumes currently capped due to peak capacity utilization; growth expected post Q3 FY26 after capacity expansion.
- Coal tar pitch capacity increasing from 500,000 MT to 600,000 MT; utilization to rise starting Q3 FY26.
- Speciality carbon black new facility to commence by end Q3 FY26; full impact on volumes and revenue expected in FY27.
- Anticipation of double-digit volume and revenue growth resumption in FY27 post capacity additions.
- FY26 PAT already at Rs. 369 crore; on track to double profitability target ahead of original FY27 plan.
- Battery chemical business projected to contribute Rs. 2,500-2,700 crore revenues by FY28 (timeline not firm).
2 more points from Himadri Speciality Chemical Ltd's call on revenue
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Profitability & Margins
See what Himadri Speciality Chemical Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Installation of PCR (Passenger Car Radial) plant: Machinery is in place; installation to start within next 12 months; commissioning date to be announced post-installation. (Page 11)
- Specialty carbon black facility: Expected to commence by end of Q3 FY26; full impact from Q4 FY26 and Q1 FY27. (Page 12)
- Expansion of coal tar pitch distillation capacity: Increasing from 500,000 MT to 600,000 MT; utilization to start reflecting from Q3 FY26 onwards. (Page 11)
- Lithium-ion battery material business (LFP cathode material): Pilot plant under construction, to start next quarter; 40,000 MT capacity expected by Q3 FY27. (Page 12)
2 more points from Himadri Speciality Chemical Ltd's call on capex
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Fundraising & Capital Structure
See what Himadri Speciality Chemical Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Anurag Choudhary highlighted ongoing strong demand across geographies, with supply to 54 countries globally.
- Export volumes were temporarily shifted from Q2 to Q3 due to cut-off dates, implying robust order flow.
- Battery chemical business projected to reach Rs. 2,500 to Rs. 2,700 crores in revenues at full capacity, with no firm timeline announced yet.
- Pilot plant for LFP cathode material under construction, with encouraging customer feedback and upcoming commissioning.
- Specialty carbon black facility commissioning expected by Q3 FY26, adding to capacity and growth.
2 more points from Himadri Speciality Chemical Ltd's call on order book
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Himadri Speciality Chemical Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹1.7K Cr, net profit ₹231 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Himadri Speciality Chemical Ltd's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q3 FY24 earnings call analysis →
- Q2 FY25 earnings call analysis →
- Q4 FY24 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q4 FY18 earnings call →
- Q1 FY18 earnings call →
- Q4 FY17 earnings call →
- Q3 FY17 earnings call →
- Q1 FY17 earnings call →
- Q4 FY16 earnings call →
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Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Himadri Speciality Chemical Ltd Q2 FY26 results?
Volumes currently capped due to peak capacity utilization; growth expected post Q3 FY26 after capacity expansion. - Coal tar pitch capacity increasing from 500,000 MT to 600,000 MT; utilization to rise starting Q3 FY26. - Speciality carbon black new facility to commence by end Q3 FY26; full impact on volumes and revenue expected in FY27. - Anticipation of double-digit volume and revenue growth resumption in FY27 post capacity additions. - FY26 PAT already at Rs. Himadri is on track to double profitability from FY24 to FY27, initially projected from Rs.
What is Himadri Speciality Chemical Ltd share price analysis?
Himadri Speciality Chemical Ltd currently shows a neutral. The stock trades at a P/E of 41.7 with a market cap of ₹33,337 Cr. Investors should review the full earnings analysis for detailed insights.
Is Himadri Speciality Chemical Ltd planning capital expenditure?
Installation of PCR (Passenger Car Radial) plant: Machinery is in place; installation to start within next 12 months; commissioning date to be announced post-installation.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.