NSEPress Release1h ago · 10 Nov 2026, 11:38 am
Press Release
Vishnu Chemicals Limited · VISHNU
✦ AI Summary▲ PositiveResults
Vishnu Chemicals Limited reported its unaudited financial results for Q2FY27 and H1FY27, with a resilient performance, 10% YoY growth in EBITDA, and a 15.5% YoY rise in PAT. The company announced a strategic JV with DCX Chrome SAS, France, and plans to add approx. 20 MW of solar capacity across its units. The consolidated D/E stood at 0.67x and D/EBITDA at 2.8x as of 30 September 2026.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Vishnu Chemicals Limited has informed the Exchange regarding a press release dated November 10, 2026, titled "Q2FY27 and H1FY27 Earnings Release".
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Date: November 10, 2026 VCL/SE/72/2026-27
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G
Dalal Street, Fort Bandra-Kurla Complex, Bandra (East),
Mumbai – 400 001 Mumbai 400 051
Scrip Code: 516072 NSE Symbol: VISHNU
Through: BSE Listing Centre Through: NEAPS
Dear Sir/ Madam,
Subject: Q2FY27 and H1FY27 Earnings Release - Regulation 30 of SEBI (LODR)
Regulations, 2015
Further to outcome of Board Meeting held on 31st October, 2026 Earnings Release with
regard to Un-Audited Standalone & Consolidated Financial Results for the second quarter
ended 30th September, 2026 is enclosed.
A copy of this disclosure is uploaded on the website of the Company
www.vishnuchemicals.com.
This is for your information and record.
Thanking You.
Yours Faithfully,
For Vishnu Chemicals Limited
Vibha Shinde
Company Secretary & Compliance Officer
Encl: As Above
VISHNU CHEMICALS LIMITED BSE: 516072 | NSE: VISHNU
Q2FY27 & H1FY27
EARNINGS RELEASE
November 10, 2026
ANNOUNCES STRATEGIC JV WITH DCX CHROME SAS, FRANCE
RESILIENT PERFORMANCE Q2FY27 EBITDA GROWS 10% YoY
H1FY27 PAT RISES 15.5% YoY
November 10, 2026: Vishnu Chemicals Limited (BSE: 516072, NSE: VISHNU), a leading global
manufacturer of speciality chemicals, reported its unaudited financial results on Oct 31, 2026 for the
quarter and half year ended Sep 30, 2026.
Q2FY27 PERFORMANCE HIGHLIGHTS: YoY DOUBLE DIGIT GROWTH
H1FY27 OPERATING REVENUES H1FY27 EBITDA H1FY27 PAT
₹ 862.9 Cr ₹ 129.4 Cr ₹ 75.2 Cr
+13.7% +15.5%
+15.3%
YoY YoY
Q2FY27 OPERATING REVENUES Q2FY27 EBITDA Q2FY27 PAT
₹ 429.5 Cr ₹ 64.0 Cr ₹ 35. 5 Cr
+10.0% +8.1%
7.0%
YoY YoY
CONSOLIDATED FINANCIAL SUMMARY
In ₹ Cr Q2FY27 Q2FY26 YoY H1FY27 H1FY26 YoY FY26
Operating Revenues 429.5 401.1 +7.0% 862.9 748.0 +15.3% 1,609.7
Gross Profit 207.7 172.8 +20.2% 401.7 331.0 +21.4% 725.6
Gross Margin 48.4% 43.1% 46.6% 44.3% 45.1%
EBITDA 64.0 58.2 +10.0% 129.4 113.9 +13.7% 252.4
EBITDA Margin 14.9% 14.5% 15.0% 15.2% 15.7%
PAT 35.5 32.8 +8.1% 75.2 65.1 +15.5% 142.2
PAT Margin 8.3% 8.2% 8.7% 8.7% 8.8%
Q2FY27 Earnings Release Page 1
VISHNU CHEMICALS LIMITED BSE: 516072 | NSE: VISHNU
KEY HIGHLIGHTS
▪ Chrome Metal JV: Entered into a 50:50 joint venture with DCX Chrome SAS, France to establish a
one of its kind high-purity Chromium Metal facility in India, targeting niche aerospace and defence
applications.
▪ Barium Business: Continued stable performance, with ongoing initiatives focused on operational
efficiency and higher market share.
▪ South Africa Operations: Progressed infrastructure refurbishment, engineering assessments,
contractor mobilisation, recruitment and regulatory compliances towards a safe and stable operational
restart.
▪ Focus on Domestic Sales to mitigate exposure: Domestic and export sales contributed 58% and
42%, respectively, providing geographical diversification and helping partially mitigate exposure to
elevated international freight costs.
▪ Logistics Costs: Geopolitical tensions continued to impact freight costs, with shipping and
forwarding expenses increasing to 8.8% of operating revenue in Q2 FY27 from 5.9% in Q1 FY27.
▪ Renewable Energy Expansion: Plans to add approx. 20 MW of solar capacity across
Visakhapatnam and Srikalahasti units, supplementing the existing 4.3 MW capacity to enhance
energy cost efficiency and sustainability.
▪ Strong Balance Sheet: Consolidated D/E stood at 0.67x and D/EBITDA at 2.8x as of 30 September
2026.
▪ Credit Rating: ICRA assigned an A (Stable) rating to the Company's long-term banking facilities,
compared with the earlier CARE A- (Stable) rating, reflecting a positive development in its credit
profile.
MANAGEMENT COMMENTARY
Mr. Krishna Murthy Ch., Chairman & Managing Director
“We are pleased to report another quarter of steady performance, building on the momentum
established during the first quarter and reflecting the resilience of our business amid a challenging
global operating environment.”
Mr. Siddartha Ch., Joint Managing Director
“The Company remains positive on its medium-term growth prospects while maintaining a balanced
domestic and export sales mix providing a natural hedge against rising input and logistics costs.”
Q2FY27 Earnings Release Page 2
VISHNU CHEMICALS LIMITED BSE: 516072 | NSE: VISHNU
ABOUT VISHNU CHEMICALS LIMITED
Vishnu Chemicals Limited epitomises the manufacture of high-performance speciality chemicals, with
strong market leadership and an intelligent symphony of forward and backward integration to produce
world-class Chromium, Barium and Strontium chemicals serving the diverse needs of customers across
50+ countries.
Investor contact: Hanumant Bhansali, Vice President Finance & Director – SA | investors@vishnuchemicals.com
Safe Harbour
Certain statements in this release concerning future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual
results to differ materially from those expressed. A range of local and global factors beyond the company’s control could affect future revenue, margin and overall financial
performance. The company does not undertake to update any forward-looking statement that may be made from time to time by it or on its behalf.
Vishnu Chemicals Limited · Plot No. C-23, Road No. 8, Film Nagar, Jubilee Hills, Hyderabad – 500 096, India · www.vishnuchemicals.com
Q2FY27 Earnings Release Page 3