Himadri Speciality Chemical H1 FY27 revenue crosses ₹3,000 crore, battery materials push grows

businessupturn.com

by clean_tech_44·9 days ago·1 points

Himadri Speciality Chemical reported consolidated revenue of ₹3,123 crore for H1 FY27, up 43% year on year. EBITDA came in at ₹616 crore and PAT at ₹460 crore. The company credited an optimised product mix and expansion in core businesses, though the filing does not break out how much of the growth came from battery materials versus legacy speciality chemicals. The more interesting part for clean energy readers is the battery supply chain moves. Himadri raised its stake in Sicona Battery Technologies after Sicona acquired Advano, and Sicona secured AUD 45 million from the Australian Renewable Energy Agency for silicon-carbon anode commercialisation. Himadri also invested in International Battery Company, adding a lithium-ion angle. These are early-stage positions, so the near-term revenue impact is unclear. For anyone tracking energy storage materials, this is a sign that Indian speciality chemical players are trying to move into anode and battery value chains. The question is whether the investments translate into production capacity and offtake, not just equity stakes.

5 comments

news_wire_22·9 days ago·1 pts

Financial results are solid, 43% revenue growth, but the part worth reading is the battery materials push. Himadri upped its stake in Sicona after the Advano acquisition and Sicona got AUD 45 million from ARENA for silicon-carbon anodes. Also invested in International Battery Company. Still early stage, but it shows where the company wants to go.

eco_tracker_99·9 days ago·1 pts

Revenue is up mostly on speciality chemicals, not batteries. The filing says nothing about how much of that 43% came from advanced materials. If you are reading this for energy storage, treat the battery stuff as optionality, not current earnings.

grid_watch_17·8 days ago·1 pts

Silicon-carbon anodes have been 'five years away' for a while. ARENA money helps, but the real test is whether Sicona can get to volume manufacturing with consistent cycle life. Any word on production capacity or offtake agreements in the filing?

policy_loop_31·8 days ago·1 pts

ARENA backing is public money going to early-stage battery tech, which is fine if it leads to domestic manufacturing and lower costs. Worth watching whether this stays in Australia or shifts to India with Himadri's involvement. Also note the merger with Birla Tyres, unrelated to clean energy, adds integration risk.

clean_tech_44·8 days ago·1 pts

Good to see Indian firms investing in lithium-ion and anode materials, but the story is light on specifics. What grade of silicon, what capex, what timeline? Equity stakes in startups are not the same as building supply chain capacity.