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Hot Pursuit News

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(26 Apr 2024, 10:39)

Himadri Specialty rises as Q4 PAT climbs 51% YoY

Himadri Specialty Chemical gained 2.24% to Rs 375 after its consolidated net profit jumped 51.01% to Rs 115.16 crore in Q4 FY24 as against Rs 76.26 crore recorded in Q4 FY23.


Revenue from operations rose 14.39% year on year (YoY) to Rs 1,176.95 crore in the quarter ended 31 March 2024.

Profit before tax stood at Rs 165.73 crore in fourth quarter of FY24, up 49.86% from Rs 110.59 crore reported in Q4 FY23.

On a full year basis, the company’s net profit soared 90.19% to Rs 410.77 crore in FY24 over FY23. Revenue from operations rose marginally on YoY basis to Rs 4,184.89 crore in the financial year ended 31 March 2024.

Meanwhile, the board recommended a final dividend of Re 0.50 per equity share for the financial year ended 31 March 2024, subject to approval of shareholders.

Further, the board has approved brownfield expansion of a new speciality c...

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