Himadri Speciality Chemical LimitedQ2 FY27 Results & Financial Update
Himadri Speciality Chemical Limited: Q2 FY27 consolidated results and company financials – revenue ₹1,691.43 Cr, PAT ₹231.32 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Himadri Speciality Chemical Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Himadri Speciality Chemical Limited reported a consolidated revenue from operations of INR 1,691.43 crore for the quarter ended September 30, 2026, marking an expansion compared to the previous quarter's revenue of INR 1,431.88 crore.
Total income for the period reached INR 1,733.22 crore, supported by other income of INR 41.79 crore and interest income of INR 24.96 crore.
Profit before tax (PBT) for Q2 FY27 stood at INR 307.34 crore, reflecting a sequential increase from INR 300.51 crore reported in the preceding quarter.
Consolidated profit after tax (PAT) for the quarter was recorded at INR 231.32 crore, compared to INR 228.43 crore in the first quarter of the fiscal year.
Basic earnings per share (EPS) for the current quarter moved slightly higher to INR 4.60, compared to INR 4.55 in the June 2026 quarter.
Total tax expenses for the period aggregated to INR 76.02 crore, while finance costs were reported at INR 27.72 crore and depreciation and amortization stood at INR 21.69 crore.
Himadri Speciality Chemical Limited recorded consolidated revenue from operations of INR 1,691.43 crore for Q2 FY27, representing an increase compared to the INR 1,431.88 crore reported in the preceding quarter (Q1 FY27).
Total income for the quarter reached INR 1,733.22 crore, moving upward from INR 1,488.19 crore in Q1 FY27, supported by higher operational scale.
01 · Business model
What does Himadri Speciality Chemical do?
Himadri Speciality Chemical Limited operates as a diversified speciality chemical conglomerate, manufacturing a wide array of carbon-based products, coal tar derivatives, and advanced carbon materials.
The company's core manufacturing operations convert carbon raw materials into specialized inputs that serve critical industrial sectors such as lithium-ion batteries, aluminum smelting, carbon black applications, and specialty plastics.
Himadri integrates its manufacturing footprint with extensive supply chain linkages across domestic and international markets, positioning itself as a key player in the carbon value chain and next-generation energy storage materials.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹1,691.43 Cr | ₹1,431.88 Cr |
| Total income | ₹1,733.22 Cr | ₹1,488.19 Cr |
| Profit before tax | ₹307.34 Cr | ₹300.51 Cr |
| Profit after tax | ₹231.32 Cr | ₹228.43 Cr |
| EPS | ₹4.60 | ₹4.55 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 13.7% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 18.2% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹41.79 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations grew sequentially to INR 1,691.43 crore in Q2 FY27 from INR 1,431.88 crore in Q1 FY27, reflecting stronger quarterly commercial volumes and demand across the product portfolio.
Other income stood at INR 41.79 crore during the quarter, moderating from INR 56.31 crore reported in the previous quarter.
What drove margins
Tax expense for the quarter was recorded at INR 76.02 crore, while finance costs stood at INR 27.72 crore against INR 22.41 crore in the previous quarter.
Depreciation and amortization expenses were reported at INR 21.69 crore, alongside provisions of INR 3.93 crore during the quarter.
Finance costs were recorded at INR 27.72 crore for Q2 FY27, compared to INR 22.41 crore in Q1 FY27.
Depreciation and amortisation expenses were stable at INR 21.69 crore for the quarter, compared to INR 21.30 crore in the preceding quarter.
04 · Reported developments
What changed operationally
Operating revenue grew by over 18% sequentially to INR 1,691.43 crore.
PAT improved sequentially to INR 231.32 crore alongside a rise in PBT to INR 307.34 crore.
Consolidated revenue from operations grew by 18.13% sequentially to INR 1,691.43 crore in Q2 FY27.
05 · Items worth noticing
The line items that can distort a quick read
The company reported provisions amounting to INR 3.93 crore for the quarter.
The company reported provisions of INR 3.93 crore during the current quarter.
06 · Beyond the numbers
What changed beyond the numbers
Reported update
Filing Submission
The financial results for Q2 FY27 were approved and submitted through official exchange XBRL filings on October 16, 2026.
07 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations rose from INR 1,431.88 crore in Q1 FY27 to INR 1,691.43 crore in Q2 FY27, while PAT advanced from INR 228.43 crore to INR 231.32 crore.
PAT rose to INR 231.32 crore in Q2 FY27 from INR 228.43 crore in Q1 FY27, alongside an increase in PBT to INR 307.34 crore.
08 · Key Q&A
The quarter, answered directly
What does Himadri Speciality Chemical do?
Himadri Speciality Chemical Limited operates as a diversified speciality chemical conglomerate, manufacturing a wide array of carbon-based products, coal tar derivatives, and advanced carbon materials.
What is the clearest takeaway from Q2 FY27?
Himadri Speciality Chemical Limited reported a consolidated revenue from operations of INR 1,691.43 crore for the quarter ended September 30, 2026, marking an expansion compared to the previous quarter's revenue of INR 1,431.88 crore.
What drove revenue or demand?
Revenue from operations grew sequentially to INR 1,691.43 crore in Q2 FY27 from INR 1,431.88 crore in Q1 FY27, reflecting stronger quarterly commercial volumes and demand across the product portfolio.
What mattered most for margins or profitability?
Tax expense for the quarter was recorded at INR 76.02 crore, while finance costs stood at INR 27.72 crore against INR 22.41 crore in the previous quarter.
What changed operationally beyond the headline numbers?
The financial results for Q2 FY27 were approved and submitted through official exchange XBRL filings on October 16, 2026.
What should the next disclosure help confirm?
Track future quarterly filings for sustained operational momentum and margin trajectory.
09 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
10 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Subsequent Quarter Financial Disclosures: Track future quarterly filings for sustained operational momentum and margin trajectory.
- 02
Finance Cost and Tax Trends: Monitor the progression of borrowing costs and effective tax rates in subsequent quarters.
- 03
Subsequent Quarter Performance: Monitor upcoming quarterly disclosures for sustained revenue momentum and margin stability across core product segments.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.