Himadri Speciality profit rises 29% in H1 FY27

Research Analyst: UJVIN NEVATIA (PROPRIETOR: NEVAT INVESTMENTS) | SEBI Registration No.: INH100009628 Himadri Speciality Chemical Limited (

) reported a 29% year-on-year increase in consolidated profit after tax to ₹460 crore in H1 FY27. Revenue from operations rose 43% to ₹3,123 crore. What happened? For Q2 FY27, revenue increased 57.9% to ₹1,691 crore and net profit rose 31.3% to ₹231 crore. EBITDA grew 27.5% to ₹303 crore. The company attributed its performance to growth in core businesses, an improved product mix and expansion into speciality and advanced materials. It is also strengthening its presence in lithium-ion battery materials through investments in Sicona Battery Technologies and International Battery Company. Himadri has also integrated Birla Tyres into its business. Why does it matter? Strong revenue and profit growth indicate improving business momentum. The move into battery materials offers potential diversification beyond traditional carbon chemistry. However, commercialising new technologies and scaling these businesses will require execution and sustained demand. My view The results show healthy growth in the core business alongside efforts to expand into higher-value materials. The key challenge will be converting investments in emerging technologies into meaningful and sustainable revenue contributions. What I am watching next I would track margins, growth in speciality chemicals, progress in battery-material commercialisation and the integration of Birla Tyres to assess whether diversification supports long-term profitability. No Recommendations Source: Business Standard Disclosure: I, my entity, associates or relatives do not have any holding, position or other material interest in Himadri Speciality Chemical Limited.