Vishnu Chemicals Limited disclosed its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1FY27) pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. The results were approved by the Board of Directors in a meeting held on August 1, 2026.
Financial Performance Highlights (Consolidated, ₹ crore)
Quarterly Comparison:
- Operating Revenues: ₹433.4 crore in Q1FY27 vs ₹346.9 crore in Q1FY26 (+24.9% YoY) vs ₹450.3 crore in Q4FY26 (-3.8% QoQ)
- Gross Profit: ₹193.9 crore vs ₹158.2 crore (+22.6% YoY) vs ₹210.4 crore (-7.8% QoQ)
- Gross Margin: 44.7% vs 45.6% (Q1FY26) vs 46.7% (Q4FY26)
- EBITDA: ₹65.5 crore vs ₹55.7 crore (+17.5% YoY) vs ₹76.7 crore (-14.6% QoQ)
- EBITDA Margin: 15.1% vs 16.1% (Q1FY26) vs 17.0% (Q4FY26)
- PAT: ₹39.6 crore vs ₹32.2 crore (+23.0% YoY) vs ₹43.4 crore (-8.7% QoQ)
- PAT Margin: 9.1% vs 9.3% (Q1FY26) vs 9.6% (Q4FY26)
Annual Reference:
Full Year FY26 Operating Revenues: ₹1,609.7 crore
Full Year FY26 Gross Profit: ₹725.6 crore
Full Year FY26 EBITDA: ₹252.4 crore
Full Year FY26 PAT: ₹142.2 crore
Operational & Strategic Highlights
Q1FY27 Performance Context: The company delivered robust YoY growth across all key metrics, though sequential performance moderated due to a planned maintenance shutdown of nearly one month at the company's Vizag facility.
Revenue Mix: Maintained diversified 45:55 Domestic-to-Export revenue mix, demonstrating agility across markets.
Other Income: Stood at ₹12.8 crore during the quarter, primarily due to net foreign exchange gains from higher exports.
Business Segment Updates:
- Chromium: Margin improvement driven by strategic shift towards higher-value-added derivatives over base specialty chemicals
- Barium: Volumes and value remained consistent with optimum capacity utilization. Expansion of Ramadas operations (leveraging specialized US technology) is in process to strengthen backward integration and enhance product quality
- Strontium: Q1FY27 revenues nearly equal to full FY26 annual revenues, reflecting successful scale-up
South Africa Operations: Business foundation being created with focus on infrastructure refurbishment, engineering assessments, contractor mobilization, employee hiring, and regulatory compliances. Operations expected to commence from H2FY27 onwards.
Logistics Environment: While no significant supply disruptions experienced, ocean freight costs have increased substantially due to geopolitical tensions in West Asia:
- India to Latin America: Increased from ~USD 3,000-4,000 to ~USD 9,000
- India to Africa: Increased from ~USD 3,500 to ~USD 7,500
Company considers these rates unsustainable in medium-to-long term.
Solar Power Expansion: Plans to add approximately 20 MW of solar power capacity across Vizag and Srikalahasti operations, significantly expanding existing renewable energy portfolio of 4.3 MW. Expected to deliver meaningful electricity cost savings and advance sustainability objectives.
Growth Drivers & Outlook
Growth Drivers: Upcoming capacity additions in new specialty chemicals, backward integration expansion in Barium, shift in Chromium's value-added product mix, and ramp-up of South Africa operations are expected to support medium-term growth.
Outlook: Company remains positive on medium-term growth prospects but vigilant amid uncertain global macroeconomic and geopolitical environment, particularly regarding raw material, fuel, and logistics costs.
Management Commentary
Mr. Krishna Murthy Ch., Chairman & Managing Director: "We are pleased to share a strong set of results for the first quarter continuing our momentum from previous year. Our team's disciplined approach to sales execution, procurement and serving the customer is enabling us to outperform in the end use markets consistently."
Mr. Siddartha Ch., Joint Managing Director: "We are pleased to report 20%+ YoY growth in operating revenues and PAT in the first quarter of the fiscal despite uncertain global environment. Our growth outlook is underpinned by multiple expansions across existing and new chemistries. These initiatives are expected to strengthen our competitive positioning and support sustainable medium-term growth while focusing on a customer-first approach."
Investor Relations
Earnings Call Details:
- Date: Monday, August 3, 2026
- Time: 11:00 am IST
- Registration: https://services.choruscall.in/DiamondPassRegistration/register?confirmationNumber=0067591&linkSecurityString=9488101c
International Dial-in Numbers:
- USA: 1 866 746 2133
- Canada: 011 800 1424 3444
- UK: +44 808 101 1573
- Singapore: +65 800 101 2045
Investor Contact: Hanumant Bhansali, Vice President Finance & Director – SA | investors@vishnuchemicals.com
Additional Information
The disclosure includes standard safe harbor statement noting that forward-looking statements involve risks and uncertainties, and the company does not undertake to update any forward-looking statements.