Himadri Speciality Chemical Ltd (HSCL) Q4FY26 Management Mirror - Mar-2026 Qtr
Battery Materials (Cathode & Anode)
The Mar'26 Qtr outlook maintained the Phase 1 LFP target of 40,000 MTPA, with the initial 2,000 MT milestone scheduled for Dec'26 and full commercial operations reaching 100% utilization by Mar'29, completely consistent with Dec'25 Qtr and Sep'25 Qtr guidance. The Sicona anode pilot expansion is explicitly targeted for completion by Sep'26 (Mar'26 Qtr), advancing from earlier quarters where anode CAPEX was still being finalized. The company reaffirmed its long-term vision of establishing a 200,000 MT LFP platform. [Status: Reaffirmed]
3 more themes on the ELITE plan.