Himadri Speciality Chemical's LFP Cathode Plant on Track for Q3 FY27 Commercial Launch

Himadri Speciality Chemical has provided encouraging updates on its lithium iron phosphate (LFP) cathode active material manufacturing project during a recent conference call. The company reaffirmed its timeline for the commercial launch of its significant capacity expansion in the battery materials segment.

Project Timeline and Capacity Details

The management confirmed that the first commercial phase of the 40,000 metric tons per annum LFP cathode active material plant remains on track for Q3 FY27. This timeline represents a crucial milestone for the company's entry into the rapidly growing battery materials market.

Parameter:	Details
Plant Capacity:	40,000 metric tons per annum
Commercial Launch:	Q3 FY27
Significant Utilization Expected:	FY29
Projected Asset Turn:	Over 2x

Operational Projections

The company's guidance indicates that while commercial operations will commence in Q3 FY27, significant utilization of the plant capacity is expected to materialize in FY29. This phased approach suggests a gradual ramp-up of operations as market demand develops and production processes are optimized.

Financial Efficiency Targets

Management has projected an asset turnover ratio of over 2x for the LFP cathode active material plant. This metric indicates the company's expectation of generating more than twice the plant's asset value in annual revenue, demonstrating confidence in the operational efficiency and market potential of the facility.

The LFP cathode active material plant represents Himadri Speciality Chemical's strategic expansion into the battery materials sector, positioning the company to capitalize on the growing demand for lithium-ion battery components in various applications including electric vehicles and energy storage systems.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.63%	-2.47%	-4.10%	-10.08%	-13.31%	+873.99%

Himadri Speciality Chemical management has reaffirmed its ambitious financial guidance during a recent conference call, setting clear expectations for substantial profit growth over the coming years. The specialty chemicals company has outlined a strategic roadmap that builds on its recent strong performance achievements.

Management Guidance and Target Achievement

The company's leadership has reiterated its guidance to double Profit After Tax (PAT) from FY25 to FY28, representing a significant growth trajectory over the three-year period. This guidance reflects management's confidence in the company's operational capabilities and market positioning.

Performance Metric	Details
Current Guidance Period	FY25 to FY28
Target Achievement	Double PAT
Timeline	3 years

Accelerated Performance Track Record

Demonstrating exceptional execution capabilities, Himadri Speciality Chemical achieved its previous ambitious target ahead of schedule. The company had originally set a goal to double PAT over a three-year period from FY24 to FY27, but successfully accomplished this milestone in just two years.

Previous Target Comparison	Original Plan	Actual Achievement
Target Period	FY24 to FY27	Achieved in 2 years
Timeline	3 years	2 years
Performance	Double PAT	Target Met

Strategic Outlook

The management's decision to reiterate the FY25-FY28 guidance during the conference call signals strong confidence in the company's growth strategy and operational execution. Having demonstrated the ability to exceed timeline expectations in the previous cycle, the company appears well-positioned to pursue its next phase of expansion in the specialty chemicals sector.

This guidance update provides investors and stakeholders with clear visibility into the company's medium-term financial objectives and reinforces management's commitment to delivering consistent growth performance.