Himadri Speciality Chemical Q1 FY27 Results and Capex Approvals

Revenue from Operations: ₹1,431.88 crore
Other Income: ₹56.31 crore
Total Income: ₹1,488.19 crore
Total Expenses: ₹1,187.68 crore
Profit Before Tax: ₹300.51 crore
Tax Expense: ₹72.08 crore (Current tax: ₹61.73 crore, Deferred tax: ₹10.35 crore)
Net Profit After Tax: ₹228.43 crore
Total Comprehensive Income: ₹234.01 crore
Earnings Per Share (Basic & Diluted): ₹4.55
Paid-up Equity Share Capital: ₹50.45 crore (Face value Re. 1 each)

Revenue from Operations: ₹1,274.26 crore
Other Income: ₹58.45 crore
Total Income: ₹1,332.71 crore
Total Expenses: ₹1,038.64 crore
Profit Before Tax: ₹294.07 crore
Tax Expense: ₹70.65 crore (Current tax: ₹60.15 crore, Deferred tax: ₹10.50 crore)
Net Profit After Tax: ₹223.42 crore
Total Comprehensive Income: ₹226.60 crore
Earnings Per Share (Basic & Diluted): ₹4.43
Paid-up Equity Share Capital: ₹50.45 crore (Face value Re. 1 each)

Carbon materials and chemicals: Revenue ₹1,278.90 crore, Segment profit ₹262.56 crore
Power: Revenue ₹31.88 crore, Segment profit ₹28.10 crore
Others: Revenue ₹143.89 crore, Segment profit ₹1.15 crore

Additional Capex: ₹128 crores
Purpose: Enhance production capacity from 2600 MTPA to 5300 MTPA
Funding: Primarily through internal accruals
Implementation: Two phases
Phase 1: 2600 MTPA capacity to be commissioned by Q2 FY27
Phase 2: 2700 MTPA capacity expected by Q2 FY28
Note: No change in company's overall production capacity
Reference: Builds on previous approval dated 13 January 2025 for ₹120 crores capex

Capex: ₹70 crores
Location: West Bengal
Technology: In-house developed through R&D efforts
Capacity: 200 MTPA annual production
Funding: Internal accruals
Commissioning: Expected by Q4 FY27
Significance: India's first CNT manufacturing facility with in-house technology
Applications: Electric vehicles (lithium-ion batteries), electronics, composites, energy storage, industrial coatings
Strategic Impact: Reduces import dependency, aligns with Atmanirbhar Bharat vision

Capex: ₹170 crores
Capacity: 6,000 MTPA
Funding: Primarily through internal accruals
Location: Existing carbon black facility at Mahistikry
Commissioning: Expected by Q4 FY28
Note: Overall carbon black capacity remains unchanged at 2,50,000 MTPA (converted from existing stream)
Applications: Engineering plastics, conductive applications, fiber industry, EV & energy storage

The consolidated financial results include 15 subsidiaries:

Auditor: Singhi & Co., Chartered Accountants
Review Type: Limited review of unaudited financial results
Conclusion: No material misstatement found in financial results
Foreign Subsidiaries: 3 foreign subsidiaries not reviewed by Indian auditors due to different accounting standards

ESOP Allotment: 19,000 equity shares allotted on 6 July 2026 under Himadri Employee Stock Option Plan 2016
Resulting Capital: Increased from 50,45,41,599 to 50,45,60,599 equity shares of face value Re. 1 each