EBITDA stood at Rs 168.71 crore in Q3 FY24, registering the growth of 58.77% as compared with Rs 106.26 crore in Q3 FY23.

The company stated that it has recorded highest-ever sales volume at 1,24,024 MT in the third quarter, up 14.2% YoY.

IN Q3 FY24, revenue from carbon materials and chemical segment was at Rs 1,046.81 crore (up 1.38% YoY) and revenue from power segment came in at Rs 28.13 crore (up 13.61% YoY).

On consolidated basis, the company’s net profit jumped 66.81% to Rs 108.78 crore on 1.46% increase in net sales to Rs 1,052.21 crore in Q3 FY24 over Q3 FY23.

Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical, said, “Our core business is delivering strong cashflows quarter after quarter backed by our rich legacy, strong customer relationships, quality led production and continuous innovation. Our profit improvements are result of in-house technology leading to cost optimization while delivering competitive cost and superior value proposition to our customers. With our product innovation, we are consistently making a shift towards higher value added products.

We announced a capex of building the first commercial plant of 40,000 MTPA of LFP Cathode Active Material in December 2023 which will be operational in next 27-36 months. We are the Pioneers in Innovation and Sustainable Growth in Cathode Material Landscape and have a vision to scale up the capacity to produce 200,000 MTPA in phases in the next 5-6 years.

This has been possible because of relentless efforts of our inhouse R&D team which is continuously working on developing next generation products in both Cathode Active Material and Anode Active Material.”

Himadri Speciality Chemical is the largest manufacturer of Coal Tar Pitch (CTP) in India.