Himadri Speciality Chemical Ltd Share Price – NSE  / BSE

Chemicals, Small Cap

Net profit of Himadri Speciality Chemical rose 34.50% to Rs 135.36 crore in the quarter ended September 2024 as against Rs 100.64 crore during the previous quarter ended September 2023. Sales rose 13.18% to Rs 1136.92 crore in the quarter ended September 2024 as against Rs 1004.52 crore during the previous quarter ended September 2023.

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Total expenses during the period under review went up by 9% YoY to Rs 953.19 crore. This was primarily due to higher raw material costs (up 11% YoY), higher employee expenses (up 23% YoY) and higher other expenses (up 11% YoY).

Profit before tax in Q2 FY25 stood at Rs 197.30 crore, up by 42% from Rs 139.10 crore in Q2 FY24.

For H1 FY25, Himadri Speciality has recorded revenues and PAT of Rs 2,337.33 crore (up 20% YoY) and Rs 258.48 crore (up 38% YoY), respectively.

Himadri Speciality Chemical is engaged in the production of carbon chemical products. HSCL is the leading producer of CTP and the third-largest producer of CB in India.

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Himadri Speciality Chemical will hold a meeting of the Board of Directors of the Company on 16 October 2024

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Himadri Speciality Chemical announced that Santimoy Dey (DIN: 06875452) shall cease to be an Independent Director of the Company upon completion of his second and final term as an Independent Director and consequently ceased to be a Director of the Company w.e.f. the close of business hours on 23 September 2024.

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