Himadri Speciality Chemical H1 FY27 Revenue Crosses ₹3,000 Crore, Battery Materials Drive Growth

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by grid_watch_17·6 days ago·1 points

Himadri Speciality Chemical reported consolidated H1 FY27 revenue above ₹3,000 crore, with EBITDA exceeding ₹600 crore and PAT surpassing ₹450 crore. The company credits higher-value speciality products, including advanced materials for batteries and carbon-based chemicals, for the profit jump. The results also highlight moves tied to the energy transition: Sicona Battery Technologies secured AUD 45 million from ARENA for silicon-carbon anode commercialization, and Himadri increased its stake in International Battery Company. These bets position the firm in the lithium-ion supply chain, aiming to reduce import dependence for anode, cathode, and synthetic graphite materials. For readers tracking low-carbon industry, the key question is whether advanced material revenue becomes a meaningful share of total sales or stays a side story to traditional speciality chemicals. The numbers look strong, but the product mix detail is still thin.

1 comment

clean_tech_44·6 days ago·1 pts

Good numbers, but the interesting part is the battery material push. Sicona getting AUD 45 million from ARENA for silicon anode is real money. Question is how much of this revenue is already coming from those products versus the legacy chemical business.

grid_watch_17·6 days ago·1 pts

Silicon anode is promising but the scale-up has been slow for years. Himadri is an investor, not the one running the pilot plant. I'd want to see cell-testing results and a timeline for commercial volumes before calling it a growth driver.

policy_loop_31·6 days ago·1 pts

ARENA funding usually comes with milestones attached. That's a good signal for accountability. Also worth noting the Atmanirbhar Bharat angle, domestic anode and cathode production could reduce import exposure, but only if the material quality meets global cellmaker specs.

retrofit_lens_44·6 days ago·1 pts

I'm more skeptical on the Birla Tyres merger. Tyres and carbon black are mature, low-margin markets. Unless they are using the tyre waste as feedstock for specialty carbon products, this could dilute the margin story. Need to see how it fits the advanced materials plan.