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Himadri Speciality Chemical Limited Q2 FY26 earnings call summary

NSE: HSCL · BSE: 500184

Earnings call of 24 Oct 2025, summarised by AI from the filing.

Himadri Speciality Chemical reports record Q2 FY26 EBITDA of ₹243 cr and PAT of ₹187 cr, reiterates FY27 PAT target of ₹800 cr.

Key takeaways

  1. PAT guidance Management reiterates FY27 PAT target of ₹800 cr, doubling from FY24's ₹411 cr, and expects to achieve it ahead of plan.
  2. Revenue decline Standalone revenue fell to ₹1,070 cr from ₹1,135 cr in Q2 FY25 due to raw material price correction and deferment of export sales to Q3.
  3. Capacity expansion Speciality carbon black brownfield expansion to 130,000 MT per annum by end of Q3 FY26, making Himadri world's largest single-site producer.
  4. Margin sustainability Management sees current margins as sustainable, driven by operational efficiency and high value-added products, not raw material prices.

Original filing on BSE

Himadri Speciality Chemical Limited Q1 FY27 results

As filed: Revenue ₹1,432 cr (+28% year on year), EBITDA ₹288 cr (+18% year on year), PAT ₹228 cr (+28% year on year), EBITDA margin 20.1% (−181 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹1,288 cr (+13% year on year), EBITDA ₹242 cr (+4% year on year), PAT ₹208 cr (+34% year on year), EBITDA margin 18.8% (−176 bps). Score 44 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was well below it; profit growth was below it. EBITDA margin fell 176 bps year on year. Profit rose ₹52.5 cr on a year ago, more than the ₹40.0 cr it added the year before. Share price after the results: +9.5% in 29 days (Nifty 500: −0.7%).
  • Q3 FY26: Revenue ₹1,184 cr (+4% year on year), EBITDA ₹243 cr (+10% year on year), PAT ₹192 cr (+36% year on year), EBITDA margin 20.5% (+113 bps). Score 44 of 100, In line with trend. Revenue growth was in line with the company's own trend; EBITDA growth was well below it; profit growth was below it. EBITDA margin rose 113 bps year on year. Profit rose ₹51.0 cr on a year ago, more than the ₹32.0 cr it added the year before. Share price after the results: −1.5% in 28 days (Nifty 500: −0.7%).
  • Q2 FY26: Revenue ₹1,071 cr (−6% year on year), EBITDA ₹233 cr (+13% year on year), PAT ₹176 cr (+29% year on year), EBITDA margin 21.8% (+355 bps). Score 36 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin rose 355 bps year on year. Revenue fell 4% from last quarter. Profit rose ₹40.0 cr on a year ago, more than the ₹35.0 cr it added the year before. Share price after the results: −0.4% in 28 days (Nifty 500: +1.0%).
  • Q1 FY26: Revenue ₹1,118 cr (−7% year on year), EBITDA ₹245 cr (+28% year on year), PAT ₹179 cr (+46% year on year), EBITDA margin 21.9% (+591 bps). Score 47 of 100, In line with trend. Revenue growth was well below the company's own trend; EBITDA growth was below it; profit growth was in line with it. EBITDA margin rose 591 bps year on year. Profit rose ₹56.0 cr on a year ago, more than the ₹37.0 cr it added the year before. Share price after the results: −9.7% in 30 days (Nifty 500: −2.7%).
  • Q4 FY25: Revenue ₹1,135 cr (−4% year on year), EBITDA ₹233 cr (+29% year on year), PAT ₹155 cr (+35% year on year), EBITDA margin 20.5% (+515 bps). Score 40 of 100, In line with trend. Revenue growth was well below the company's own trend; EBITDA and profit growth were below it. EBITDA margin rose 515 bps year on year. Profit rose ₹40.0 cr on a year ago, more than the ₹39.0 cr it added the year before. Share price after the results: −2.9% in 30 days (Nifty 500: +3.3%).
  • Q3 FY25: Revenue ₹1,141 cr (+8% year on year), EBITDA ₹221 cr (+27% year on year), PAT ₹141 cr (+29% year on year), EBITDA margin 19.4% (+284 bps). Score 37 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA and profit growth were well below it. EBITDA margin rose 284 bps year on year. Profit rose ₹32.0 cr on a year ago, against ₹44.0 cr the year before.
  • Q2 FY25: Revenue ₹1,137 cr (+13% year on year), EBITDA ₹207 cr (+32% year on year), PAT ₹136 cr (+35% year on year), EBITDA margin 18.2% (+258 bps). Score 72 of 100, Above trend. EBITDA margin rose 258 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 5% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Himadri Speciality Chemical Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.