HIMADRI SPECIALITY CHEMICAL Q2 FY27 : ₹1,100 CR+ FY28 PAT TARGET MAINTAINED, ₹800–900 CR CAPEX & MAJOR BATTERY MATERIAL EXPANSION

• FY28 NET PROFIT TARGET MAINTAINED ABOVE ₹1,100 CR • FY27 CAPEX GUIDANCE AT ₹800–900 CR, PRIMARILY FUNDED THROUGH INTERNAL ACCRUALS • SUSTAINABLE EBITDA PER TONNE EXPECTED AROUND ₹20,000–₹24,000, WITH POTENTIAL UP TO ₹25,000 • CARBON BLACK CAPACITY UTILIZATION EXPECTED AT 88–95% • 2,000 MT LFP CATHODE PILOT PLANT TARGETED FOR COMMISSIONING IN Q3 FY27 • 40,000 MTPA LFP COMMERCIAL CAPACITY PLANNED, WITH RAMP-UP EXPECTED FROM FY29 • LFP CAPACITY UTILIZATION TARGETED ABOVE 50% IN FIRST COMMERCIAL YEAR & ABOVE 90% IN FOLLOWING YEAR • 200 MT CARBON NANOTUBE FACILITY TARGETED FOR COMMISSIONING IN Q4 FY27 • 6,000 MT SUPER SPECIALTY CARBON BLACK CAPACITY TARGETED FOR COMMISSIONING IN Q4 FY28 • 5,300 MT ANTHRAQUINONE & CARBAZOLE CAPACITY EXPECTED TO COMMISSION TOGETHER IN Q4 FY27 • NEW SPECIALTY CHEMICAL CAPACITIES EXPECTED TO SUPPORT HIGHER VALUE-ADDED PRODUCT MIX & PROFITABILITY • SYNTHETIC GRAPHITE ANODE CUSTOMER QUALIFICATION UNDERWAY; COMMERCIAL EXPANSION TIMELINE NOT FINALIZED • SILICON-CARBON ANODE PROJECT ENGINEERING UNDERWAY; CAPEX & CAPACITY ANNOUNCEMENT PENDING • MINING OPERATIONS EXPECTED TO START IN Q3 FY27, WITH LONG-TERM ANNUAL REVENUE POTENTIAL AROUND ₹500 CR • WORKING CAPITAL IMPROVEMENT EXPECTED IN H2 FY27; FREIGHT COSTS, BATTERY MATERIAL COMMERCIALIZATION & BIRLA TYRES BREAKEVEN REMAIN KEY WATCHPOINTS

HIMADRI SPECIALITY CHEM L

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