Himadri Speciality Chemical Reports Strong Q1 FY26 Results, Plans Significant Expansion in EV Battery Materials
Himadri Speciality Chemical Ltd reported robust Q1 FY26 results with a 46.08% increase in net profit to Rs. 179.36 crore and a 25.39% rise in EBITDA to Rs. 235.25 crore. The company unveiled expansion plans in EV and energy storage markets, including production of LFP Cathodes, battery anodes, and increased carbon black capacity. Strategic partnerships and investments were made to strengthen its position in the EV battery materials market. The company also completed the acquisition of Birla Tyres to expand its speciality tyre portfolio.

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Himadri Speciality Chemical Ltd , a leading speciality chemical conglomerate, has reported robust financial results for the first quarter of fiscal year 2026, while simultaneously announcing ambitious expansion plans in the electric vehicle (EV) and energy storage markets.
Q1 FY26 Financial Highlights
The company's consolidated financial results for Q1 FY26 show significant year-on-year growth:
- Net profit after tax surged by 46.08% to Rs. 179.36 crore, compared to Rs. 122.78 crore in Q1 FY25.
- EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) increased by 25.39% to Rs. 235.25 crore, up from Rs. 187.61 crore in the same quarter last year.
- Sales volume grew by 1% to 1,40,090 MT.
- Revenue from operations saw a slight decrease of 6.84% to Rs. 1,118.29 crore, down from Rs. 1,200.41 crore in Q1 FY25, primarily due to corrections in raw material prices.
Expansion Plans in EV and Energy Storage Markets
Himadri Speciality has unveiled plans for significant expansion in key components for EV batteries and energy storage systems, aiming to capitalize on the growing demand in these sectors. The company's strategy includes:
LFP Cathodes: Plans to produce 2,00,000 MTPA of Lithium Iron Phosphate (LFP) Cathode Active Material, catering to 100 GWh of Li-ion Battery capacity. The first commercial plant with 40,000 MTPA capacity is expected to be operational by Q3 FY2027.
Battery Anodes: Leveraging its expertise in coal tar pitch, a key ingredient in anode materials, Himadri is developing technologies for natural, synthetic, hybrid, and silicon anode materials.
Carbon Black Production: The company is more than doubling its speciality carbon black capacity to 1,30,000 MTPA, making it the world's largest speciality carbon black capacity at a single site. This expansion, with an estimated capex of Rs. 220 crore, is scheduled to be operational by Q3 FY26.
Strategic Partnerships and Investments
To strengthen its position in the EV battery materials market, Himadri has made several strategic moves:
- Exclusive technology licensing partnership with Sicona for silicon-carbon anode technology in India.
- Acquisition of a 16.24% stake in International Battery Company, Inc. (IBC) for USD 4.43 million.
- 40% stake acquisition in Invati Creations for Rs. 45.16 crore, focusing on R&D in Li-ion electrode materials.
Birla Tyres Acquisition
The company has also completed the acquisition of Birla Tyres, focusing on building a comprehensive product portfolio of speciality tyres for Off-Highway, Commercial Vehicles, Agri, Industrial, and EV segments.
Management Commentary
Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical Ltd, commented on the results: "We are pleased to report our highest-ever quarterly EBITDA and PAT, underscoring a strong, resilient and sustainable financial performance. Our strategic initiatives in the EV battery materials space and the Birla Tyres acquisition position us well for future growth."
The company's performance this quarter reaffirms Himadri's strong foundation and clear strategic direction. As it scales investments in battery materials, deepens global partnerships, and pursues innovation with sustainability at its core, Himadri Speciality Chemical Ltd appears well-positioned to generate long-term value for all stakeholders in the evolving EV and energy storage markets.
Historical Stock Returns for Himadri Speciality Chemical
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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-0.69% | +4.08% | +9.37% | -4.99% | +22.72% | +912.03% |