News ArticleHimadri Speciality Chemical Posts Over INR 3,000 Crores Revenue and INR 600 Crores EBITDA in H1 FY27, Advances Battery Material Capacities
Company outlines commissioning timeline for Carbon Nano Tube and Super Speciality Carbon Black plants, and expands lithium-ion battery materials business
Himadri Speciality Chemical Ltd reported consolidated revenues surpassing INR 3,000 crores and EBITDA exceeding INR 600 crores for the half year ended September 30, 2026. The company is progressing in strategic projects including a 200 TPA Carbon Nano Tube facility expected by Q4 FY27, a 6,000 TPA Super Speciality Carbon Black plant targeted for Q4 FY28, and an LFP cathode materials line beginning initial operations in Q3 FY27, supporting lithium-ion battery market expansion.
Himadri Speciality Chemical Ltd
Earnings Call Transcript
Himadri Speciality Chemical Ltd announced consolidated revenue exceeding INR 3,000 crores and EBITDA above INR 600 crores for the first half of fiscal year 2027, driven by ongoing initiatives in speciality and advanced material segments.
The company is transforming its portfolio with new capacity additions including a 200 TPA Carbon Nano Tube (CNT) plant slated for commissioning in Q4 FY27, targeting applications in lithium-ion batteries and electronics.
Himadri plans a 6,000 TPA Super Speciality Carbon Black facility with commissioning expected in Q4 FY28, focusing on higher-value niche products.
The LFP cathode active materials segment is progressing with an initial 2,000 TPA capacity expected by Q3 FY27 to support customer qualification and commercial engagements, with plans for a 40,000 TPA expansion in the following year.
On the anode materials side, the company is advancing synthetic graphite and silicon carbon technologies, having provided samples for qualification to global customers.
The anthraquinone and carbazole production capacity of 5,300 TPA is targeted for Q4 FY27, combining two phases to streamline market entry and avoid downtime during commissioning.
Highlights
- H1 FY27 consolidated revenue surpassed INR 3,000 crores.
- EBITDA for H1 FY27 exceeded INR 600 crores, with profit after tax above INR 450 crores.
- 200 TPA Carbon Nano Tube facility commissioning targeted in Q4 FY27.
- 6,000 TPA Super Speciality Carbon Black plant planned for Q4 FY28.
- LFP cathode active materials initial 2,000 TPA capacity expected in Q3 FY27, with 40,000 TPA expansion planned next year.
- Anthraquinone and carbazole 5,300 TPA capacity targeted for Q4 FY27 commissioning in two phases to avoid shutdowns.
Key Data Snapshot
What happened
- Himadri Speciality Chemical reported consolidated revenue and EBITDA crossing INR 3,000 crores and INR 600 crores respectively for H1 FY27.
- The company emphasized ongoing transformation efforts in speciality and advanced materials fueling growth and profitability.
- Significant capacity additions planned or underway include Carbon Nano Tube, Super Speciality Carbon Black, LFP cathode materials, and anthraquinone and carbazole.
- Customer engagement and approvals for new products including battery and high-voltage cable applications have advanced during the quarter.
Key details
- Carbon Nano Tube facility (200 TPA) targeted for commissioning in Q4 FY27, focusing on applications in lithium-ion batteries and electronics.
- Super Speciality Carbon Black capacity of 6,000 TPA expected to be commissioned by Q4 FY28 for specialized, high-performance applications.
- LFP cathode active materials initial 2,000 TPA line planned for Q3 FY27 to support customer qualification, with a 40,000 TPA expansion proposed next year.
- Anthraquinone and carbazole production capacity of 5,300 TPA targeted for Q4 FY27 using a two-phase commissioning approach to avoid production shutdowns.
- Himadri formed a wholly owned subsidiary in Dubai for global sales and procurement to better serve international markets.
Strategic context
- Strategic investments in battery materials ecosystem include Sicona Battery Technologies and International Battery Company (IBC).
- Sicona completed acquisition of Advano in the US, gaining silicon anode IP, a pilot plant and R&D capabilities.
- Sicona secured AUD 45 million funding from Australian Renewable Energy Agency (ARENA) to advance silicon carbon anode technology.
- Himadri is building an integrated lithium-ion battery value chain ecosystem spanning materials innovation, validation and commercial deployment.
Next milestones
- Carbon Nano Tube facility commissioning expected in Q4 FY27.
- LFP cathode initial capacity commissioning planned for Q3 FY27, with large scale 40,000 TPA expansion in the subsequent year.
- Super Speciality Carbon Black plant planned for commissioning by Q4 FY28.
- Anthraquinone and carbazole full 5,300 TPA capacity commissioning targeted in Q4 FY27.
- Further commercial orders and customer qualifications anticipated for specialty carbon products and battery materials.
Highlights
- H1 FY27 consolidated revenue surpassed INR 3,000 crores.
- EBITDA for H1 FY27 exceeded INR 600 crores, with profit after tax above INR 450 crores.
- 200 TPA Carbon Nano Tube facility commissioning targeted in Q4 FY27.
- 6,000 TPA Super Speciality Carbon Black plant planned for Q4 FY28.
- LFP cathode active materials initial 2,000 TPA capacity expected in Q3 FY27, with 40,000 TPA expansion planned next year.
- Anthraquinone and carbazole 5,300 TPA capacity targeted for Q4 FY27 commissioning in two phases to avoid shutdowns.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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