Himadri Speciality Chemical Ltd (BOM:500184) Q1 2027 Earnings Call Highlights: Strong Revenue ...

Himadri Speciality Chemical Ltd (BOM:500184) reports robust financial performance and unveils strategic advancements in carbon technology.

This article first appeared on GuruFocus. Release Date: July 16, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points - Himadri Speciality Chemical Ltd (BOM:500184) reported a 28% increase in consolidated revenue for the quarter, reaching Rs. 1,432 crores. - The company achieved a 33% increase in EBITDA, with a margin of 22%, reflecting strong operational discipline. - Profit after tax rose by 27% to Rs. 228 crores, indicating a PAT margin of 16%.

- Himadri successfully developed indigenous carbon nanotube technology, marking a significant milestone in its innovation journey. - The company is expanding into super speciality carbon black, targeting high-performance markets like lithium-ion batteries and engineered plastics. Negative Points - The EBIT for the 'other segment' fell sharply from Rs. 25 crore to Rs. 1 crore due to the absence of mining profits this quarter.

- There was a significant swing from a foreign exchange gain to a loss this quarter, impacting financial results. - The company is awaiting environmental clearance for its mining operations, which could delay revenue from this segment. -

The approval process for new products like carbon nanotubes can take up to two years, potentially delaying revenue realization. - Himadri faces competition from established Chinese players in the LFP cathode market, which could impact market share and pricing. Q & A Highlights Q: Why has the EBIT for the other segment fallen significantly this quarter?

A: The decline in EBIT is due to the absence of mining profit this quarter, which was present last quarter. We are awaiting some licensing to resume mining operations.

(Respondent: CEO) Q: Can you elaborate on the market strategy for carbon nanotubes and super specialty carbon black? A: Carbon nanotubes are a high-value product with applications in various industries, and we plan to target global markets.

Super specialty carbon black is aimed at niche markets with high value addition. Both initiatives are part of our strategy to move up the value chain. (Respondent: CEO) Q: What is the current status and future plan for the LFP cathode market?

A: Currently, the global LFP capacity is dominated by China. We plan to capture 2-3% of the global market with our 200,000 metric ton capacity by FY31.

Our technology and cost advantages position us well against Chinese competitors. (Respondent: CEO)