Himadri Speciality Chemical Q3 results: Net profit rises 67% to Rs 108.7 cr
It had clocked Rs 65.21 crore net profit during the October-December period of the preceding 2022-23 fiscal, the company said in an exchange filing
 "December quarter results: Analysts expect tepid numbers")
The improvement in profit is the result of in-house technology which leads to cost optimization while delivering competitive cost, he said
Listen to This Article
Himadri Speciality Chemical Ltd (HSCL) on Tuesday posted a 67 per cent rise in consolidated net profit at Rs 108.78 crore during the quarter ended December 31.
It had clocked Rs 65.21 crore net profit during the October-December period of the preceding 2022-23 fiscal, the company said in an exchange filing.
The company's total income in the quarter rose to Rs 1,062.70 crore, over Rs 1,045.06 crore a year ago.
HSCL trimmed its expenses to Rs 912.55 crore from Rs 965.59 crore.
Kolkata-based Himadri Speciality Chemical Ltd is into manufacturing and supply of green energy, anode material for li-ion batteries, special types of oils and other materials for industrial usage.
Also Read
"Our core business is delivering strong cash flows quarter after quarter backed by strong customer relationships, quality-led production and continuous innovation," said Anurag Choudhary, CMD and CEO of Himadri Speciality Chemical Ltd.
The improvement in profit is the result of in-house technology which leads to cost optimization while delivering competitive cost, he said.
"Our first commercial plant of LFP cathode active material will be operational in the next 27-36 months. We...
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jan 16 2024 | 6:59 PM IST