Himadri Speciality Chemical posted a record Q1 revenue of INR 1,432 crore, up 28% year on year, with net profit rising 26% to INR 230 crore. The company also announced a INR 70 crore capex to build India's first carbon nanotube manufacturing facility in West Bengal, using in-house technology. This move expands its footprint in advanced carbon materials beyond traditional coal tar derivatives. The new CNT facility targets high-growth applications like battery electrodes, conductive plastics, and lightweight composites, all critical for electric vehicles and grid storage. Himadri is also scaling speciality carbon black production. The EBITDA margin slipped to 20% from 22%, reflecting higher input costs or ramp up spending. Investors will watch whether the advanced materials segment can deliver higher margins over time.
