Q3 2026 Himadri Speciality Chemical Ltd Earnings Call Transcript
Key Points
- Himadri Speciality Chemical Ltd (BOM:500184) has commenced trial production of its speciality carbon black expansion project, making it the world's largest single-site speciality carbon black plant with a capacity of 130,000 metric tonnes per annum.
- The company achieved a significant milestone by commissioning a Mangalore port terminal, enhancing its logistics flexibility and opening access to new global markets.
- Himadri received the platinum medal from EcoVadis for the second consecutive year, placing it among the top 1% of companies globally assessed on ESG parameters.
- The company reported a robust financial performance with a 41% year-on-year growth in PAT for the nine months of FY26, surpassing the full-year PAT of FY25.
- Himadri is actively investing in its rubber, plastic, and coating laboratories to enhance product performance, indicating a strong focus on innovation and product development.
- The earnings call experienced technical difficulties, with the CFO's voice breaking multiple times, potentially affecting the clarity of financial details shared.
- Despite the strong financial performance, there was a noted decline in EBITDA per tonne on a sequential basis, raising questions about operational efficiency.
- The company faces challenges in maintaining consistent quality during the ramp-up phase of new projects, which could impact product reliability.
- Himadri's expansion into battery materials, particularly the cathode and anode segments, involves significant capital expenditure with returns expected only in the long term.
- The company is heavily reliant on global markets for raw material sourcing, which could expose it to geopolitical risks and supply chain disruptions.
Ladies and gentlemen, good day, and welcome to Himadri Speciality Chemical Limited Q3 and 9M FY26 conference call hosted by MUFG. (Operator Instructions)
I now hand the conference over to Mr. Chirag Bhatia from MUFG. Thank you, and over to you, sir.
Good evening, everyone, and welcome to Q3 and nine Months FY26 earnings conference call of Himadri Speciality Chemicals Limited. Today on the call, we have with us Mr. Anurag Choudhary, CMD and CEO; Mr. Somesh Satnalika, EVP, Tyre & Strategy; and Mr. Kamlesh Agarwal, CFO.
Before we proceed with the call, I would like to give you a disclaimer that this conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations as of today. Actual results may differ materially. The statements are not the guarantees of the future performance and involve the risks and uncertainties that are difficult to predict. A detailed safe harbor statement is being given on page 2 of the investor presentation of the
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