Himadri Speciality Chemical Q1 Results Total Revenue Soars to ₹1,200.41 Crore

Himadri Speciality Chemical Q1 Results: Himadri Speciality Chemical's Q1 results show strong growth compared to the previous quarter and the same period last year. The company's total revenue for the quarter ended June 2024 was ₹1,200.41 crore, up from ₹950.91 crore in June 2023, showing a healthy increase. This indicates that the company is earning more from its operations and selling its products.

Himadri Speciality Chemical’s Expenses also increased, including Selling, General, and Admin Expenses, which were ₹31.46 crore, compared to ₹25.78 crore last year. This rise in expenses suggests the company is spending more on day-to-day operations. Depreciation, which measures how much value the company’s assets lose over time, was ₹12.93 crore, slightly higher than ₹12.10 crore last year.

Himadri Speciality Chemical’s Other operating expenses, such as production costs, also rose significantly to ₹127.26 crore from ₹90.26 crore, meaning the company is spending more to keep its business running. Even with higher expenses, operating income was strong, at ₹178.99 crore, compared to ₹121.91 crore last year, showing a notable improvement.

Himadri Speciality Chemical’s profit after tax (PAT) was ₹122.62 crore, a jump from ₹86.15 crore last year. This indicates the company is keeping more profit after paying taxes. The earnings per share (EPS) also rose to ₹2.48, showing better returns for shareholders. 

Here are the Q1 results highlights for Himadri Speciality Chemical in a simple format:

(in Crores):

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Himadri Speciality Chemical Q1 Results

Himadri Speciality Chemical table represents the unaudited financial results for the quarter ending on June 30, 2024. The company’s revenue from operations for this period was ₹1,200.41 crores, which shows an increase compared to ₹1,176.95 crores in the previous quarter and ₹950.91 crores in the same quarter last year. This indicates the company’s business has grown steadily over time.

Himadri Speciality Chemical’s other income, which comes from non-core business activities, was ₹12.64 crores. Adding this to the revenue gives the company a total income of ₹1,213.05 crores. On the expense side, the company spent ₹828.72 crores on raw materials and ₹127.26 crores on other costs like employee benefits, finance costs, and depreciation. Total expenses amounted to ₹1,034.37 crores.

After subtracting these expenses from the total income, Himadri Speciality Chemical reported a profit before tax of ₹178.68 crores for the quarter. After paying taxes, the net profit was ₹122.78 crores, higher than the profit from the last quarter and the same quarter in 2023. The company also had an other comprehensive income (gains/losses that are not part of the main business) of ₹1.07 crores.

Here’s a simplified breakdown of the financial results for the quarter ending on June 30, 2024:

(in ₹ Crores)

Himadri Speciality Chemical Financial Performance

Himadri Speciality Chemical has a market capitalization of ₹31,066 crore, meaning the total value of all its shares is ₹31,066 crore. Its current share price is ₹629, while the highest price in the last year was ₹689 and the lowest was ₹224. The company’s stock has a price-to-earnings (P/E) ratio of 69.4, showing how much investors are willing to pay for each rupee of profit. The book value, which represents the company’s total assets minus liabilities, is ₹61.8 per share. 

Here’s the information in table format:

Quarterly Results 

The quarterly results of Himadri Speciality Chemical show a steady performance for December 2023, March 2024, and June 2024. Sales increased from Rs. 1,053 crores in December 2023 to Rs. 1,200 crores by June 2024, showing growth in business. Operating profit improved slightly, reaching Rs. 192 crores by June 2024. The operating profit margin (OPM) remained strong, around 16%. Net profit also grew steadily, from Rs. 109 crores in December 2023 to Rs. 123 crores in June 2024. 

Here’s the  table for Dec 2023, Mar 2024, and Jun 2024 with the corresponding particulars:

(Rs. Crores)

About Himadri Speciality Chemical 

Himadri Speciality Chemical is a leading company in the field of speciality chemicals, known for its commitment to research and development, innovation, and sustainability. Based in India, it is a pioneer in producing materials for lithium-ion batteries, which are essential for many modern technologies, including electric vehicles and smartphones. The company has a diverse range of products, such as speciality carbon black, coal tar pitch, refined naphthalene, and various new energy materials. These products serve many industries, including lithium-ion batteries, paints, plastics, tires, aluminium, agrochemicals, and construction chemicals.

Himadri Speciality Chemical focuses on developing and improving raw materials to meet the growing demands of these industries while ensuring environmentally friendly practices. With a strong emphasis on quality and sustainability, Himadri is well-positioned to contribute to the future of speciality chemicals and support the shift towards cleaner energy solutions.