Himadri Speciality Q4 FY26: Profit up 33%, dividend

Strong March-quarter numbers in a clean-tech push

Himadri Speciality Chemical reported a sharp year-on-year improvement in profitability for the quarter ended March 2026, supported by higher consolidated income. The results come at a time when the company is also putting fresh corporate actions and expansion steps on the table, including a final dividend and a proposal to set up a subsidiary structure in China. Management commentary pointed to a strong close to FY26 across operating profit and profit before tax as well. Separately, the company highlighted progress in new energy materials through its anode production facility in West Bengal. For investors tracking speciality chemicals and battery materials supply chains, the combination of earnings momentum and capacity additions is a key theme in the latest disclosures.

Q4 FY26 profit rises to ₹207.53 crore

For Q4 FY26, Himadri posted consolidated net profit of ₹207.53 crore, a rise of over 33% compared with ₹155.46 crore in the corresponding quarter last year. Consolidated total income increased to ₹1,349.85 crore from ₹1,148.16 crore in Q4 FY25. The company attributed the quarter’s performance to higher revenues, as per its exchange filing. In its operational highlights, management also disclosed quarterly EBITDA and PBT, indicating broad-based improvement in profitability metrics at the end of the fiscal year.

Full-year FY26: profit at ₹755.07 crore on ₹4,831.99 crore income

For the entire fiscal year, consolidated net profit stood at ₹755.07 crore, higher than ₹555.09 crore as of March 31, 2025. Consolidated total income for FY26 rose to ₹4,831.99 crore, compared with ₹4,664.32 crore in the prior year. The full-year expansion in profit outpaced the increase in income, consistent with the company’s messaging around operating performance and product mix. The disclosures did not provide segment-wise revenue splits in the provided text, but they framed FY26 as a year where profitability improved alongside continued investments.

Management commentary: EBITDA, PBT and PAT trends

CMD and CEO Anurag Choudhary said the “strong annual performance” was supported by a robust Q4 close. He disclosed that for Q4 FY26, EBITDA stood at ₹280 crore, PBT at ₹268 crore and PAT at ₹208 crore. He added that these numbers represented year-on-year growth of 21% in EBITDA, 19% in PBT and 34% in PAT versus Q4 FY25. While the company’s statutory net profit for Q4 FY26 was reported at ₹207.53 crore, the commentary rounded PAT to ₹208 crore in the operational highlights.

Dividend: board recommends 80 paise per share

The company’s board recommended a final dividend of 80 paise per equity share of face value Re 1 each for FY 2025-26. The dividend is subject to shareholder approval. The announcement is a notable add-on to the earnings update, as it signals the company’s intent to return cash to shareholders alongside ongoing investment-led expansion.

China expansion: proposed step-down subsidiary in Guangzhou

Himadri’s board also approved a proposal to incorporate a foreign wholly-owned step-down subsidiary in Guangzhou, China. The filing, as summarised in the provided text, does not specify timelines, capital commitments, or the precise scope of operations for the new entity. Even so, the step indicates an effort to build an overseas presence through a structured subsidiary arrangement.

Anode production facility in West Bengal

Choudhary said the company commenced its anode production facility at Mahistikry, West Bengal, with an initial capacity of 200 MTPA (million tonne per annum), as stated in the text. Himadri positions itself as a pioneer in lithium-ion battery anode material production in India, with a wider portfolio spanning speciality carbon black, coal tar pitch, refined naphthalene, new energy materials, SNF, speciality oils, and power. The company also said its products cater to industries including lithium-ion batteries, paints, plastics, tyres, aluminium, graphite electrodes, agrochemicals, defence and construction chemicals.

Investment-led expansion: carbon black, logistics and downstream chemicals

In another update included in the provided material, the company described continued investment across speciality carbon black capacity, export infrastructure, and downstream materials. It said profit after tax for the nine months ended December 2025 rose to ₹560 crore, and EBITDA increased to ₹730 crore. Revenue for the nine-month period was stated at ₹3,300 crore, while total sales volumes increased about 3% year on year to 428,572 tonnes. For the December quarter, consolidated EBITDA was stated at ₹250 crore and profit after tax at ₹190 crore.

The company also said it commenced trial production at its brownfield speciality carbon black expansion project at Mahistikry. Once fully operational, it expects total speciality carbon black capacity to rise to 130,000 tonnes per annum, with the site positioned as the world’s largest single-site facility for speciality carbon black by capacity. The project involves estimated capex of ₹220 crore. On the logistics side, it commissioned a high-temperature liquid coal tar pitch terminal at New Mangalore Port, and said it executed its first export shipment of 3,600 tonnes of liquid pitch to the Middle East. It also referred to planned capex of ₹120 crore for forward integration into speciality chemicals such as anthraquinone and carbazole, and phased investments in lithium-ion battery materials including a lithium iron phosphate cathode active material plant targeted for commissioning from FY27.

Key financial and operational snapshot

What the update means for investors tracking speciality chemicals

The Q4 FY26 outcome shows earnings growth supported by an increase in total income, with management highlighting improved operating metrics at the quarter-end. Alongside the financials, the company’s announcements point to a parallel focus on corporate actions (dividend) and international structuring (proposed China subsidiary). On operations, the anode facility start and the carbon black expansion steps underline a strategy that spans both legacy carbon materials and new energy-linked products. The additional disclosures on export infrastructure, including the New Mangalore Port terminal and a first shipment of liquid pitch, also indicate operational moves aimed at widening logistics options.

Conclusion

Himadri Speciality’s Q4 FY26 results combined higher profit and income with new disclosures on shareholder returns and expansion initiatives. Near-term next steps include shareholder approval for the final dividend and further updates on the proposed Guangzhou step-down subsidiary and capacity ramp-ups at Mahistikry and other projects described by the company.