Himadri Speciality Delivers Record FY25 Results, Eyes Sustainable Growth

By: Mr. Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical Ltd

“We are pleased to present the financial results for the fourth quarter and full year ended FY25, which reflect a strong and sustainable performance across all key operational and financial metrics. This year has been a period of steady progress and momentum for Himadri Speciality Chemical Ltd, marked by consistent execution, strategic investments, and a deep commitment to creating long-term stakeholder value. Each quarter, we continue to set new benchmarks— Q4FY25 marked yet another highest-ever quarterly EBITDA, reaching Rs. 232 Crs. For the full year FY25, our sales volumes grew by 16%, reaching 5,52,206 metric tonnes, compared to 4,75,582 metric tonnes in the previous year. This volume expansion translated into a robust financial outcome, with EBITDA rising by 33% to Rs. 844 Crores and Profit After Tax increasing by 36% to Rs. 558 Crores. Our focus on financial discipline continues to reflect in the resilience of our balance sheet, with a net positive cash balance of Rs. 371 Crores. This strong financial footing positions us well to pursue strategic opportunities and sustain our growth trajectory. Over the past five years, the Company has continued to demonstrate a robust financial performance, with revenues growing at a CAGR of 29% since FY 2021. Our EBITDA has surged at a CAGR of 60%, and PAT has increased at an unprecedented CAGR of 86%. During the same period, our sales volume has risen by 13% year on year, and our ROCE has steadily climbed to 34%. This remarkable growth story is a testament to our strategic vision and the relentless efforts of our strong techno-commercial teams. The corner stone of this success has been Himadri’s commitment towards undertaking extensive R&D initiatives, coupled with its culture of sustainably producing and delivering quality products that add utmost value to its customers.

We are progressing well on our key growth projects. The LFP cathode material facility remains on track, with Phase 1 expected to be operational by Q3 FY27. Our new speciality carbon black line is advancing as scheduled and is set to commence operations in Q3 FY26. Meanwhile, the high value-added speciality products line is scheduled to go live in Q2 FY27. Additionally, the Birla Tyres plant is gearing up to commence operations in phases starting Q1 of FY26. We will begin with manufacturing in the TBB (Truck and Bus Bias) segment, and parallelly, the revamp of the PCR (Passenger Car Radial) tyre machinery is underway. This will enable us to introduce high-quality PCR tyres to the market, with a strong emphasis on catering to global demand.

We are proud to share that we have earned a commendable ‘B’ rating in our very first CDP assessment for 2024, covering both Climate Change and Water Security. As per CDP’s global rating scale, a ‘B’ indicates that a company is taking coordinated action on environmental issues—a strong and respectable outcome. Building on our recent milestone of advancing from a Silver to a Platinum rating in EcoVadis within just two years, this strong debut CDP rating further reinforces Himadri’s commitment to ESG transparency and our proactive stance in addressing climate and water-related challenges. Further, we are honoured to have received a ‘Merit’ award in the prestigious International Safety Awards by the British Safety Council.

Looking ahead, we remain confident in our ability to deliver value through a combination of operational excellence, disciplined execution, and responsible innovation. As we continue to build on our core strengths, Himadri is well-positioned to scale new heights and create enduring value for all stakeholders.”