On Tuesday, Himadri Speciality Chemical Limited (HSCL) posted a nearly three-fold jump in consolidated profit after tax at Rs 100.62 crore for the September quarter of 2023-24, aided by reduced expenses.
As per the regulatory filing, the company reported Rs 35.88 crore profit after tax (PAT) during the year-ago period.
However, the company’s total income dropped to Rs 1,014.34 crore from Rs 1,067.10 crore in the year-ago quarter and also reduced its expenses to Rs 875.24 crore from Rs 994.81 crore a year ago.
Currently, the company shares are trading 1.67% down at Rs. 252.80.
Anurag Choudhary, CMD & CEO of HSCL said in a statement that “Himadri in Q2FY24 has achieved a milestone of crossing Rs 100 crore PAT. With our expanding global footprint, we have built a robust Environment, Social, and Governance (ESG) framework. We have already set ambitious goals to achieve net-zero emissions by 2050 with interim targets for 2025 and 2030. As per our present performance status, we are ahead of our annual objective,”
“Our R&D is making significant progress in product development for both cathode active material and anode active material. Simultaneously, we are progressing in our supply chain relationships, capabilities to manufacture at scale and customer relationships,” Choudhary added.
Kolkata-based HSCL is into manufacturing and supply of green energy, anode material for Li-ion batteries, carbon black, special types of oils and various other materials for industrial usage.
