Commenting on the results and performance, Mr. Anurag Choudhary, CMD of Himadri Speciality Chemical Ltd said:
We are pleased to report robust performance with highest ever revenue in FY23.
Our strong focus on core businesses and our ongoing commitment to providing value-added products, coupled with our investment in R&D, innovation, and improvements to our business model, have consistently led us to achieve sustainable results and grow our profitability.
India’s push for green economy is driving significant growth in the electric vehicle (EV) industry. To reduce dependence on imports, the government is emphasizing the need for localized battery production, as currently, substantial part of lithium-ion cell requirements are being imported.
At Himadri, we are delighted to remain at the forefront of massive transition towards a green economy, aligned with India’s vision of becoming a self-reliant nation (Atmanirbhar Bharat) and reducing carbon emission. Over the years, Himadri has created a strong product portfolio, improved facilities for advanced R&D and relied on world-class know-how to build a futuristic organisation. Our deep domain knowledge, coupled with an innate ability to imbibe change and foster novel approaches has kept us a step ahead of the competition.
Along with this, our core business is performing well, and we remain committed to improving our financial position. We continue to make progress and have significantly deleveraged our balance sheet by reducing debt substantially.
We are confident that with our strong business model and strategic focus, we will continue to achieve sustainable growth in the future.
About Himadri Speciality Chemical Ltd
Himadri Speciality Chemical Ltd (“Himadri Speciality”) was established in 1987, is a leading Carbon corporation with one-of-its-kind vertical integration in the world with headquarters in Kolkata, West Bengal.
The Company is a market leader and significant market player in multiple product segments like Coal Tar Pitch, Carbon Black, Naphthalene and Refined Naphthalene, SNF, Speciality Oils, etc. In the last few years, Himadri Speciality has diversified its product portfolio by way of forward integration which includes advance carbon material and other value added speciality products. The Company has 8 ‘Zero Discharge’ World Class Manufacturing Facilities across India & China. The Company has developed a strong and experienced R&D team with international experts, its R&D unit is situated at Mahistikry, West Bengal which is recognized by Government
of India.
Safe Harbor Statement
Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. These statements are subject to risks and uncertainties. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company’s operations include a downtrend in the industry, global or domestic or both, significant changes in political and economic environment in India or key markets abroad, tax laws, litigation, labour relations, exchange rate fluctuations, technological changes, investment and business income, cash flow projections, interest, and other costs. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.
