Shares of Himadri Speciality Chemical surged 6% on Monday, hitting a fresh 52-week high of Rs 786.85 on the NSE after record Q1 profit.

For the quarter ended 30 June, consolidated revenue rose 28% year-on-year to Rs 1,432 crore from Rs 1,118 crore.

Net profit climbed 27% to around Rs 228 crore, while EBITDA jumped 33% to Rs 313 crore, taking the margin to about 22%.

The company said revenue, EBITDA and profit all touched their highest-ever quarterly levels.

Chairman and managing director Anurag Choudhary credited the numbers to a better ‘product mix across our core business and continued ramp-up in speciality materials’.

Alongside the results, the board cleared fresh capex of around Rs 240 crore across two projects.

The bigger one involves converting 6,000 tonnes a year of existing carbon black capacity into super speciality carbon black, at a cost of Rs 170 crore, aimed at batteries, plastics and coatings.

The other is a Rs 70 crore facility to make carbon nanotubes, used in lithium-ion batteries and electronics, targeted for commissioning in the January-March quarter of 2027.

The company also flagged plans to expand its anthraquinone and carbazole production, a set of speciality chemicals used in dyes and downstream industries, though it hasn’t put a firm number on that spend yet. This isn’t a one-off quarter either.

Himadri’s core carbon black and coal tar business has been scaling up steadily over the past few years, and the company is now positioning itself as a supplier for battery materials too, alongside its traditional chemicals business.

By the close, Himadri Speciality had settled at Rs 769.90 on the NSE, up 3.82% for the day. That’s a pullback from the day’s high, but the stock still held on to most of its early gains.

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