Himadri Speciality Chemical Limited (500184) Earnings Call Transcripts

Himadri Speciality Chemical Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Himadri Speciality Chemical Limited reported a consolidated revenue of INR 1,288 crores, a 14% increase year-over-year, and a profit after tax (PAT) of INR 755 crores, reflecting a robust 36% growth. The company successfully commenced operations at its first anode material manufacturing facility, marking a significant entry into the lithium-ion battery materials segment. Management maintained a positive outlook, indicating that FY '27 would see both top-line and bottom-line growth, driven by new capacities and strategic investments.

Reported metrics

Guidance from management

Management indicated a commitment to double PAT to over INR 1,100 crores by FY '28 and expects both top-line and bottom-line growth in FY '27, driven by new capacities and strategic initiatives.

What management said

See, this is a temporary phenomenon we see. And so some segments are planned for Middle East, but that's not having -- don't have any material impact because we are diverting those materials to other geographies. So there is absolutely no issues with that.

China, actually, competition is not there because we supply, our quality is very high and plus, the China cost is higher than India. So even in India, we supply coal tar, which has a price lower than China. So that dynamic doesn't work for our business. China dynamic is no -- not at all valid for our business.

What analysts pressed on

Analysts expressed concerns regarding the geopolitical situation's impact on supply chains and pricing, particularly in the Middle East. There were also questions about the scalability of the anode business and the expected contribution from new capacities in FY '27.

Main topics on the call

• Entry into Lithium-Ion Battery Materials — Himadri commenced operations at its first anode material manufacturing facility with an initial capacity of 200 metric tonnes per annum. CEO Anurag Choudhary stated, "This achievement... marks a pivotal step in our entry...
• Strong Financial Performance — The company achieved a consolidated EBITDA of INR 1,006 crores for FY '26, up 19% year-over-year. CFO Kamlesh Agarwal highlighted, "We have delivered our strongest performance to date," showcasing operational discipline ...
• Birla Tyres Revival — Birla Tyres contributed INR 187 crores to the top line in FY '26, with expectations of reaching INR 3,000 crores in the next four years. Management emphasized a disciplined scale-up approach as they focus on rebuilding m...
• Capacity Expansion in Carbon Black — The company successfully commissioned a 70,000 metric tonne speciality carbon black facility, increasing total capacity to 130,000 metric tonnes per annum. This positions Himadri among the top 5 players globally in this ...

Read the full Himadri Speciality Chemical Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 6 Himadri Speciality Chemical Limited earnings call transcripts on record, spanning June 20, 2024 to July 16, 2026. Based on this history, Himadri Speciality Chemical Limited reports semi-annually. The most recent call on file is dated July 16, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

500184

Exchange

BSE

Country

IN

Sector

Materials

Industry

Chemicals

Calls on record

6

First call

June 20, 2024

Most recent

July 16, 2026

Reporting cadence

semi-annually