Himadri Speciality Chemical Ltd Share Price – NSE  /  BSE

Chemicals, Small Cap

Revenue from operations rose 14.39% year on year (YoY) to Rs 1,176.95 crore in the quarter ended 31 March 2024.

Profit before tax stood at Rs 165.73 crore in fourth quarter of FY24, up 49.86% from Rs 110.59 crore reported in Q4 FY23.

On a full year basis, the company’s net profit soared 90.19% to Rs 410.77 crore in FY24 over FY23. Revenue from operations rose marginally on YoY basis to Rs 4,184.89 crore in the financial year ended 31 March 2024.

Meanwhile, the board recommended a final dividend of Re 0.50 per equity share for the financial year ended 31 March 2024, subject to approval of shareholders.

Further, the board has approved brownfield expansion of a new speciality carbon black line of 70,000 MTPA at an estimated capex of Rs 220 crore which is scheduled to be operational within 18 months.

Further, based on the recommendation of the nomination and remuneration committee, the board has re-appointed Anurag Choudhary as a chairman, managing director & CEO for a period of five years effective from 14 August 2024 to 13 August 2029.

Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical said, “We are delighted to announce that the company has become debt-free with positive net cash balance as a result of our relentless focus on disciplined capital deployment and working capital utilization. We also take pride in announcing that the company has achieved highest ever sales, EBITDA, and PAT.”

Himadri Speciality Chemical is primarily engaged in the manufacturing of carbon materials and chemicals. The Company has operations in India and caters to both domestic and international markets.

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Net profit of Himadri Speciality Chemical rose 51.01% to Rs 115.16 crore in the quarter ended March 2024 as against Rs 76.26 crore during the previous quarter ended March 2023. Sales rose 14.39% to Rs 1176.95 crore in the quarter ended March 2024 as against Rs 1028.90 crore during the previous quarter ended March 2023.

For the full year,net profit rose 90.19% to Rs 410.77 crore in the year ended March 2024 as against Rs 215.98 crore during the previous year ended March 2023. Sales rose 0.31% to Rs 4184.89 crore in the year ended March 2024 as against Rs 4171.84 crore during the previous year ended March 2023.

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Net profit of Himadri Speciality Chemical rose 49.39% to Rs 114.61 crore in the quarter ended March 2024 as against Rs 76.72 crore during the previous quarter ended March 2023. Sales rose 14.39% to Rs 1176.95 crore in the quarter ended March 2024 as against Rs 1028.90 crore during the previous quarter ended March 2023.

For the full year,net profit rose 97.78% to Rs 411.00 crore in the year ended March 2024 as against Rs 207.81 crore during the previous year ended March 2023. Sales rose 0.31% to Rs 4184.89 crore in the year ended March 2024 as against Rs 4171.84 crore during the previous year ended March 2023.

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Himadri Speciality Chemical announced that the Board of Directors of the Company at its meeting held on 25 April 2024, has recommended a Final dividend of Rs.0.50 per share (i.e.50%), subject to the approval of the shareholders.

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