Himadri Speciality Chemical (500184) Q1 24/25 earnings summary

Executive summary

• Achieved record sales volumes, EBITDA, and PAT in Q1FY25, with strong year-over-year growth in all key financial metrics.

• Unaudited standalone and consolidated financial results for the quarter ended 30 June 2024 were approved and released following a board meeting on 16 July 2024.

• Maintains a debt-free status with a net positive cash balance and sustainable ROCE.

• Statutory auditors provided limited review reports, confirming no material misstatements in the financial disclosures.

• Strategic acquisitions and capacity expansions position the company for leadership in specialty carbon black and battery materials.

Financial highlights

• Q1FY25 standalone revenue rose 26% year-over-year to Rs 1,199.77 crore; EBITDA up 43% to Rs 188 crore; PAT up 41% to Rs 123 crore.

• Consolidated Q1FY25 revenue at Rs 1,200.41 crore, EBITDA at Rs 187.61 crore, and PAT at Rs 122.78 crore, all showing strong year-over-year growth.

• Sales volumes reached 1,39,175 MT in Q1FY25, up 38% year-over-year.

• Basic EPS (consolidated) for Q1 FY25 was ₹2.49, up from ₹1.99 in Q1 FY24 and ₹2.41 in Q4 FY24.

• Net positive cash balance of Rs 56 crore as of June 30, 2024.

Outlook and guidance

• Robust financial outlook supported by ICRA rating upgrades and ongoing capex for growth.

• Expansion into battery materials and specialty carbon black expected to drive future growth.

• Focus on sustainability and innovation to capture opportunities in mobility and energy storage sectors.

• No explicit forward-looking guidance provided, but continued focus on core segments and recent acquisitions suggest ongoing growth initiatives.