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Vishnu Chemicals hits upper circuit after consolidated Q2 PAT rises 123% yoy at Rs16.6cr

The company’s consolidated revenues were up 32% yoy, EBITDA up 70% yoy. EBITDA Margin at 14.3%, up 330 bps yoy.

November 08, 2021 2:44 IST | India Infoline News Service
Vishnu Chemicals Limited, a pure-play manufacturer of high-performance specialty chemicals, reported its unaudited financial results for the quarter and half year ended September 30, 2021.

The company’s Q2FY22 income was up 32% at Rs241.8cr as compared to Rs182.6cr in Q2FY21. EBITDA was up 70% at Rs34.5cr as compared to Rs20.2cr in Q2FY21. EBITDA margin expanded by 330 basis points to 14.3% compared to 11.0% in Q2FY21.

The company’s Profit After Tax (PAT) was up 123% at Rs16.6cr in Q2FY22 as compared to Rs7.4cr in Q2FY21.

At around 2.46 pm, Vishnu Chemicals Ltd was trading at upper circuit Rs919.85 per piece up by Rs43.8 or 5% from its previous closing of Rs876.05 per piece on the BSE.

During H1FY22, the company’s income was up 31% at Rs439.7cr as compared to Rs334.6cr in H1FY21. EBITDA was up 60% at Rs62.2cr in H1FY22 as compared to Rs39.0cr in H1FY21. EBITDA margin expanded by 250 basis points to 14.2% compared to 11.7% in H1FY21.

The company’s PAT was up 42% at Rs28.2cr as compared to Rs19.9cr in H1FY21.

“We are happy to deliver an overall good quarter. Our key tenet has been to manufacture high performance specialty chemicals that stand the test of time and quality, which instils huge confidence in our global customer base. Our efficiency and operational focus helps us in delivering reliable product quality.” said Ch. Krishna Murthy, CMD, Vishnu Chemicals Limited.

“Across the world, our customers are looking at pricing from the point of view of end user demand, consistent supply and to mitigate shipping delays. We take a lot of learning and confidence from our performance and are positive about execution in the second half of this fiscal.” said Ch. Siddartha, JMD, Vishnu Chemicals Limited.

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