Himadri Speciality Chemical Q4 PAT grows over three-fold to Rs 77 cr

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Himadri Specialty Chemical Limited (HSCL) on Saturday recorded a more than triple jump in profit after tax to Rs.77 crore for the March 2023 quarter due to higher revenue.

HSCL said in a statement that it posted a profit after tax (PAT) of Rs 21 crore for the same period in 2021-22.

For the entire period 2022-2323, the company’s PAT increased to Rs.208 crore from Rs.65 crore in FY22, registering more than threefold growth.

The company said its total income from revenue also increased to Rs 1,029 crore from Rs 834 crore in the year-ago quarter.

In FY23, revenue increased to Rs.4,172 crore from Rs.2,798 crore in FY22.

Anurag Chowdhury, COO, Himadri Specialty Chemical Ltd, said, “A strong focus on the core business and commitment to delivering value-added products, along with investment in research and development, innovation and an optimized business model, has led us to consistently deliver sustainable results and grow our profitability.”

Himadri Specialty Chemical Limited, based in Kolkata, is engaged in the manufacture and supply of green energy, anode materials for Li-ion batteries, carbon black, special oils and various other materials for industrial use.

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First published: April 29, 2023 | 6:26 p.m ist