Shares of Himadri Specialty Chemical fell nearly 7% on Monday, October 19, reacting to their first quarter earnings.
The company’s profit after tax (PAT) increased 28.9% to ₹240 crore in the second quarter from ₹186 crore last year.
Its revenue increased 44.2% at ₹1,543 crore from ₹1,070 crore in the second quarter last fiscal.
The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) increased 34.7% to ₹320 crore from ₹237 crore in the previous year.
However, its operating margins contracted by 140 basis points to 20.7% from 22.1% in the year-ago period.
The company said it is moving to high value addition products. Its volumes were at 1.46 lakh MT compared to 1.35 lakh last year.
For the first half of the current financial year, Himadri’s revenue crossed the ₹3,000 crore mark, while its EBITDA crossed ₹600 crore, while Profit After Tax (PAT) grew past the mark of ₹450 crore.
Anurag Choudhary CMD & CEO of Himadri Specialty said that the sustainable profitable growth is driven by an optimized product mix, growth in the core business, and an expanding portfolio of specialty and advanced materials.
During the quarter, the proposed merger of Birla Tyres business with Himadri marked an important step towards creating an integrated tyre value chain, leveraging our capabilities across feedstock, speciality carbon black, R&D and manufacturing.ANURAG CHOUDHARY, CMD & CEO HIMADRI SPECIALTY CHEMICALS
Going forward, the company intends to focus on sustaining the growth momentum, accelerating the commercialization of advanced materials, strengthening the global presence and unlocking opportunities across emerging technologies.
Shares of Himadri Specialty Chemicals are trading 6.5% lower on Monday at ₹617.85. This is the third straight day of losses for the stock. The stock is up 27% so far this year, having corrected nearly 25% from its peak.
This is the stock’s biggest single-day fall in two months. It had declined 7.07% on August 21, 2026 prior to this.
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