Himadri Speciality Chemical Limited

Himadri commenced trial production of its speciality carbon black expansion project, establishing the world's largest single-site plant with a total capacity of 130,000 metric tons per annum. This milestone underscores the company's focus on high value-added solutions and marks a new phase of growth. Management expects ~85% capacity utilization for this segment next year, with full results coming from the next financial year.

The company achieved a key milestone by commissioning a Mangalore port terminal, successfully delivering 3,600 metric tons of liquid coal tar pitch to the Middle East. This establishes a second export corridor alongside Haldia, significantly enhancing logistics flexibility and opening access to new global markets. Himadri aims to cater to rising international demand while offering best-in-class quality and competitive prices.

Himadri was awarded the EcoVadis Platinum medal for the second consecutive year, placing it among the top 1% of over 150,000 companies globally assessed on ESG parameters. This recognition reflects the company's deeply embedded approach to sustainability, strong governance, climate-conscious operations, ethical business practices, and responsible supply chain management. The company also highlighted being certified as a Great Place to Work.

Himadri's entry into battery materials is a transformational chapter. The first commercial phase of 40,000 metric tons per annum for LFP Cathode Active Material is on track for Q3 FY27, with full-year operation expected by FY29. The long-term vision is to build 200,000 metric tons of LFP capacity. On the anode side, the company is developing a comprehensive spectrum of anode solutions, leveraging its strong legacy in carbon chemistry and backward integration.

Himadri's R&D is embedded in its DNA, with a global R&D ecosystem including PhDs and experts from various countries. Strategic investments in Sicona, IBC, and Invati have enhanced technological depth and accelerated the innovation pipeline. These collaborations are developing a sustainable growth engine for innovative products built on cutting-edge technologies, with a focus on high-performance and high-value-added applications.

For 9M FY26, Himadri reported a PAT growth of 41% YoY to INR 564 crores, exceeding the full-year PAT of FY25. Consolidated revenue for Q3 FY26 stood at INR 1,184 crores with EBITDA of ~INR 253 crores (12% growth), and PAT of INR 192 crores (36% growth). EBITDA per metric ton improved by 15% to INR 16,934 in 9M FY26, driven by a product mix increasingly focused on high value-added offerings. The company aims to double its FY25 PAT by FY28.

Birla Tyres is strengthening its footprint across India and international markets, supported by an expanding distribution network. The company plans to achieve a significant presence in the OTR (Off-the-Road) and OHT (Off-Highway Tyres) segments within the next 3 to 5 years, with modernization initiatives progressing well. Future plans include launching passenger car tyres, specifically targeting EV and SUV installations.