Himadri Q2 Consolidated Net Profit Rises 31% YoY

Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Six Months ended September 30, 2026 [Q2 FY27, H1 FY27]

Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015

Date of Board Meeting / Approval: October 16, 2026

Audit Opinion: Unmodified Review Report (Clean)

Auditor’s Comment: The auditors, Singhi & Co., issued an unmodified review report. However, they noted that the consolidated results include financial information of 2 foreign subsidiaries (with total assets of ₹138.92 Cr and net assets of ₹(152.96) Cr) reviewed by other auditors, 1 foreign subsidiary (total assets ₹120.80 Cr) certified by management and not reviewed, and 8 domestic subsidiaries (total assets ₹192.11 Cr) certified by management and not reviewed. The management confirmed these are not material to the Group.

Key Financial Highlights [Unit: ₹ Crores]

Consolidated Results:

| Metric | Q2 FY27 (30.09.2026) | Q1 FY27 (30.06.2026) | Q2 FY26 (30.09.2025) | H1 FY27 (YTD) | H1 FY26 (YTD) | FY26 (31.03.2026) |

| Revenue from Operations | 1,691.43 | 1,431.88 | 1,071.03 | 3,123.31 | 2,189.32 | 4,660.70 |

| Total Income | 1,733.22 | 1,488.19 | 1,106.96 | 3,221.41 | 2,251.93 | Not Specified |

| Net Profit | 231.32 | 228.43 | 176.14 | 459.75 | 355.50 | 755.07 |

| EPS (Basic) (₹) | 4.60 | 4.55 | 3.58 | 9.15 | 7.26 | 15.08 |

Standalone Results:

| Metric | Q2 FY27 (30.09.2026) | Q1 FY27 (30.06.2026) | Q2 FY26 (30.09.2025) | H1 FY27 (YTD) | H1 FY26 (YTD) | FY26 (31.03.2026) |

| Revenue from Operations | 1,542.67 | 1,274.26 | 1,070.41 | 2,816.93 | 2,170.83 | 4,405.11 |

| Total Income | 1,587.00 | 1,332.71 | 1,108.70 | 2,919.71 | 2,236.72 | Not Specified |

| Net Profit | 239.77 | 223.42 | 186.85 | 463.19 | 369.42 | 749.70 |

| EPS (Basic) (₹) | 4.75 | 4.43 | 3.78 | 9.18 | 7.48 | 15.05 |

Segment-wise Performance [Unit: ₹ Crores]

Consolidated:

Segment Revenue (Q2 FY27):

Carbon materials and chemicals: ₹1,539.02
Power: ₹33.32
Others: ₹144.14

Segment Profit before tax (Q2 FY27):

Carbon materials and chemicals: ₹251.64
Power: ₹29.84
Others: ₹0.05

Standalone:

Segment Revenue (Q2 FY27):

Carbon materials and chemicals: ₹1,534.40
Power: ₹33.32

Segment Profit before tax (Q2 FY27):

Carbon materials and chemicals: ₹258.66
Power: ₹29.84

Corporate Actions:

Dividend: Not Specified
ESOP Allotment: The Nomination and Remuneration Committee allotted 13,576 equity shares on August 10, 2026, pursuant to the Himadri Employee Stock Option Plan 2016 (Grant II). This increased the paid-up capital from 50,45,60,599 to 50,45,74,175 shares of Re. 1 each.
Scheme of Arrangement: The Board on September 21, 2026, approved a Scheme of Arrangement for the demerger of the Tyre Business from Dalmia Bharat Refractories Limited (DBRL) into Himadri Speciality Chemical Ltd (HSCL). The appointed date is proposed to be October 1, 2026. The scheme involves issuing new shares of HSCL to eligible shareholders of DBRL. The scheme has been filed with stock exchanges for approval.
Commercial Paper: The company issued Commercial Paper of ₹150 Cr on July 9, 2026 (redeemed October 7, 2026) and another ₹150 Cr on October 9, 2026 (due December 28, 2026), both rated A1+ by ICRA.

Other Significant Information:

Consolidated Entities: The consolidated results include the parent company and 15 subsidiaries, including AAT Global Limited, Shandong Dawn Himadri Chemical Industry Limited, Himadri Agro Tech Specialities Limited, Himadri Clean Energy Limited, Birla Tyres Limited (w.e.f. April 2025), and Ardent Impex FZCO, Dubai (w.e.f. June 22, 2026).
Foreign Exchange Impact: Other expenses include a foreign exchange fluctuation gain/(loss) (net) of ₹(11.74) Cr for Q2 FY27 (Consolidated) and ₹(11.59) Cr for Q2 FY27 (Standalone).
Accounting Policy: The results are prepared in accordance with Ind AS 34, Interim Financial Reporting.