Himadri Speciality Chemical Ltd (HSCL) reported a significant 67% increase in its consolidated net profit, reaching ₹108.78 crore for the quarter ending December 31. In the corresponding period of the previous fiscal year 2022-23, the company had achieved a net profit of ₹65.21 crore.
The total income for the quarter rose to ₹1,062.70 crore, compared to ₹1,045.06 crore in the same period a year ago. During this quarter, HSCL effectively reduced its expenses to ₹912.55 crore from the previous ₹965.59 crore.
As reported by Business Standard, Himadri Speciality Chemical Ltd is engaged in the manufacturing and supply of green energy, anode materials for li-ion batteries, special types of oils, and other industrial materials. The enhanced profitability is attributed to the utilisation of proprietary technology, which has enabled cost optimization while ensuring competitive pricing.
Anurag Choudhary, CMD and CEO of Himadri Speciality Chemical Ltd. Commented, “Our core business is delivering strong cash flows quarter after quarter backed by strong customer relationships, quality-led production and continuous innovation”.
