Himadri Speciality Q1 Profit Jumps 48% — Focus on Efficiency Pays Off.

Himadri Speciality Chemical reported a strong set of numbers for Q1 FY26, with net profit rising 48% YoY to ₹183 crore, up from ₹123.45 crore in the same quarter last year. The standout factor? A sharp drop in expenses. Revenue from operations came in at ₹1,100.42 crore, slightly lower than ₹1,199.77 crore YoY, but the costs were cut significantly to ₹883.92 crore from ₹1,033.08 crore. This helped the company achieve its highest-ever quarterly EBITDA of ₹234 crore. PAT also hit an all-time high at ₹183 crore, despite a dip in topline. CMD & CEO Anurag Choudhary attributed the performance to: • A focus on high-value speciality products • Better operational efficiencies • Stronger waste heat recovery systems Himadri's products support sectors like lithium-ion batteries, aluminium, graphite electrodes, and defence, and are exported to 56 countries worldwide. In June, the company took a strategic step into energy storage, acquiring a 16.24% stake in US-based International Battery Company (IBC). IBC runs a 50 MWh Li-ion battery plant in South Korea and is building a gigafactory in Bengaluru with Mahanagar Gas. Bottom Line: Himadri is showing strong financial discipline and a clear focus on clean-tech growth. Margin expansion despite revenue dip shows the business is moving toward higher-value, more profitable segments — a bullish signal for long-term investors.