Himadri Q2 FY27 Results: Revenue Climbs 58% Yearly

Himadri Speciality Chemical Ltd reported consolidated revenue of ₹1,691 crore for the quarter ended 30 September 2026, up 57.93% year-on-year. The company discussed its Q2 and first-half FY27 performance in an earnings conference call held on 22 October 2026. Senior management, including Chairman and CEO Anurag Choudhary and CFO Somesh Satnalika, presented the financial update. The company later released the call transcript through stock exchange disclosures and its website under its regulatory obligations. The results show growth in revenue, earnings before interest, tax, depreciation and amortisation, and profit after tax compared with the corresponding quarter a year earlier. Management also outlined its planned capital spending and funding approach.

Earnings call and disclosure timeline

Himadri had informed the exchanges that its earnings call to discuss Q2 and H1 FY27 results would take place at 4:00 pm on 22 October 2026. The financial period covered by the discussion ended on 30 September 2026. The company subsequently published the transcript of the call. This disclosure gives shareholders and analysts access to management commentary alongside the reported financial results. The call focused on both standalone and consolidated performance. The transcript identifies the reported figures as financial highlights for the quarter and six months ended 30 September 2026.

Consolidated revenue rises sharply year-on-year

Consolidated revenue for Q2 FY27 was ₹1,691 crore, compared with ₹1,071 crore in Q2 FY26, according to the earnings call presentation. This represented year-on-year growth of about 58%. The quarterly results summary placed revenue at ₹1,691.43 crore, up 18.13% from ₹1,431.88 crore in the preceding quarter. The rise in revenue was the most prominent change in the quarterly figures disclosed by the company. For the first half of FY27, consolidated revenue stood at ₹3,123 crore. These figures reflect the company’s reported consolidated financial performance and should be read alongside its standalone numbers, which differ because of the scope of reporting.

EBITDA and profit figures for the quarter

On a consolidated basis, Himadri reported Q2 FY27 EBITDA of ₹303 crore, a year-on-year increase of 27%. Consolidated profit after tax was ₹231 crore, up 31% from the corresponding quarter of FY26. The detailed results summary specified net profit of ₹231.32 crore, compared with ₹228.43 crore in the previous quarter, indicating 1.27% sequential growth. It also reported profit before tax of ₹307.34 crore, up 2.27% quarter-on-quarter from ₹300.51 crore. Profit before depreciation and tax was reported at ₹329.03 crore, while operating profit was ₹314.96 crore. The company’s disclosed figures show that profit expanded year-on-year, although the quarter-on-quarter increase in net profit was modest compared with revenue growth.

Standalone business performance

Himadri’s standalone revenue from operations reached ₹1,543 crore in Q2 FY27, compared with ₹1,070 crore in Q2 FY26. Standalone EBITDA was ₹308 crore, up 27% year-on-year from ₹243 crore. Standalone profit after tax rose 28% year-on-year to ₹240 crore, compared with ₹187 crore in the same quarter last year. For the first half of FY27, standalone revenue was ₹2,817 crore. Standalone EBITDA for the six-month period was ₹610 crore, up 28% from ₹477 crore in H1 FY26. Standalone profit after tax for H1 FY27 was ₹463 crore, compared with ₹369 crore a year earlier, an increase of 25%.

Key Q2 and H1 FY27 financial data

Capital expenditure to be funded internally

During the call, Anurag Choudhary said that around ₹250 crore had been spent during the quarter. He indicated expected spending of ₹800 crore to ₹900 crore for the full financial year. The broader capital expenditure programme is estimated at about ₹1,500 crore. Management said this programme would be funded entirely through internal accruals rather than debt. This is a significant point in the company’s disclosures because it defines the stated financing route for the planned expenditure. The transcript did not provide a project-wise split of the proposed programme in the information supplied.

What the sequential numbers indicate

Revenue increased 18.13% quarter-on-quarter from ₹1,431.88 crore to ₹1,691.43 crore, based on the quarterly results summary. Operating profit rose 9.40% sequentially from ₹287.91 crore to ₹314.96 crore. However, net profit increased by 1.27% from ₹228.43 crore to ₹231.32 crore over the same period. Profit before tax rose 2.27% quarter-on-quarter, while profit before depreciation and tax increased 2.24%. The difference between the pace of revenue growth and the movement in profit measures is relevant for investors assessing the quarter’s earnings profile. The disclosures provide the reported figures but do not, in the supplied information, give a detailed explanation for each sequential movement.

Relevance for shareholders and analysts

The earnings call gives investors a consolidated view of Himadri’s financial performance as well as a separate view of the standalone business. Consolidated revenue crossed ₹1,691 crore in Q2 FY27, while consolidated half-year revenue reached ₹3,123 crore. The company also reported positive year-on-year growth in EBITDA and profit after tax across both reporting bases. Its stated plan to fund the ₹1,500 crore capital expenditure programme through internal accruals is relevant to assessments of future balance-sheet funding requirements. The call transcript is part of the company’s Regulation 30 disclosure process and is available through the company and stock exchange channels. Investors can use the transcript with the financial results to review management’s reported numbers and capital allocation comments.

Outlook based on disclosed steps

Himadri has reported its Q2 and H1 FY27 results and completed the related earnings call disclosure. The next relevant updates will depend on the company’s subsequent quarterly results, regulatory filings and any further announcements on its capital expenditure programme. Management has stated that it expects to spend ₹800 crore to ₹900 crore during the year from the wider ₹1,500 crore programme. The company has also stated that the programme will be financed from internal accruals. No additional financial guidance or future operating targets were included in the supplied transcript excerpts. For now, the reported figures show year-on-year growth in revenue and profit, alongside continued planned investment funded without stated debt reliance.