Analysts/Institutional Investor Meet/Con. Call Updates

Date: August 05, 2026 VCL/SE/39/2026-27 To To 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 Subject: Transcript of the Earnings Call held on August 03, 2026 on Q1FY27 Financial Results Dear Sir/ Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed please find transcript of the Earnings Call held on Monday, August 03, 2026 to discuss Financials Results for Q1 FY27. This information will also be available 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 “Vishnu Chemicals Limited Q1 FY27 Earnings Conference Call” August 03, 2026 MANAGEMENT: MR. SIDDARTHA CHERUKURI – JOINT MANAGING DIRECTOR – VISHNU CHEMICALS LIMITED MR. HANUMANT BHANSALI – VICE PRESIDENT, FINANCE AND STRATEGY – VISHNU CHEMICALS LIMITED MODERATOR: MR. ARYA PATEL – EMKAY GLOBAL FINANCIAL SERVICES Page 1 of 16 Vishnu Chemicals Limited August 03, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Vishnu Chemicals Q1 FY27 Earnings Conference Call, hosted by Emkay Global Financial Services Limited. As a reminder, all participant lines will be in the listen-only mode. There will be an opportunity for you to ask questions after the presentation concludes. Should you need any assistance during this conference call, please signal for an operator by pressing star and then zero on your touch-tone telephone. I now hand the conference over to Mr. Arya Patel, Emkay Global Financial Services Limited. Thank you, and over to you, sir. Arya Patel: Yes. Thank you, Farah. Good morning, everyone, and welcome to the earnings call of Vishnu Chemicals Limited for Q1 FY27. I would like to welcome the management and thank them for giving us this opportunity to host them. We have with us today Mr. Siddartha Cherukuri, Joint Managing Director; and Mr. Hanumant Bhansali, Vice President, Finance and Strategy. Before we begin this call, I would like to point out that the discussion during this call may contain forward-looking statements reflecting the company's current view of future events and their potential effect on the company's operating and financial performance. These statements involve uncertainties and risks, which could cause actual results to differ. The company is under no obligation to provide subsequent updates to this forward-looking statement. I shall now hand over the call to the management for their opening remarks. Thank you, and over to you, Mr. Siddartha. Siddartha Cherukuri: Thank you, Arya. Good morning, everyone, and welcome you all to the first quarter earnings FY27. We are pleased to report a good set of results for the first quarter, continuing the momentum we built during the previous financial year. Despite an uncertain global environment, we believe we have delivered over 20% year-on-year growth in both operating revenue and PAT, reflecting the underlying strength and resilience of our business. Geopolitical and logistics environment, however, remain challenging at this current juncture. While we have not experienced any significant supply disruptions, ocean freight costs have increased sharply amidst the ongoing geopolitical tensions in West Asia. We believe such levels are unsustainable, and we expect freight rates to gradually normalize over the medium term. Against this backdrop, our diversified geographic presence continues to serve us well. During the quarter, our revenue mix stood approximately 45% domestic and 55% export. Coming to our individual chemistries. In chromium, we continue to strategically shift our product mix towards higher value-added product derivatives compared to base specialty chemicals. This transition contributed to margin improvement during the quarter and allows us to participate relatively less competitive product categories. Page 2 of 16 Vishnu Chemicals Limited August 03, 2026 Our barium business continues to perform consistently with operations running at optimum capacity utilization. We are further investing in our backward integration, which will improve raw material security and enhance product quality for our customers. We are also encouraged by the progress in strontium business and expect the business to deliver value in the remaining quarters of the year. In South Africa, we are progressing with multiple activities required to restart operations, including refurbishment, engineering and stability assessments, recruitment, contractor mobilization, and we expect operations to commence during the second half of this financial year. Another important initiative in our continued investment in renewable energy and cost efficiency. We are planning to add approximately 20 megawatts of solar power capacity, which will increase our solar power generation capacity, nearly 6x from the current level, whereby the average power cost will come down significantly over the years. Another important -- I beg your pardon. Looking ahead, we have multiple growth levers across the business. Upcoming capacity additions in new specialty chemicals, further backward integration in barium, scaling up of strontium and South African operations are expected to support our growth over medium term despite the near to medium-term headwinds for global and domestic market due to West Asia crisis. Our focus remains on being the lowest cost producer in the chemistries we operate and disciplined execution that would lead to deploying capital in value-accretive opportunities for long-term value. With that, I would now hand over to Hanumant to take you through our financial performance. Hanumant Bhansali: Thank you Mr. Siddartha, and good morning everyone. Let me now take you through the consolidated financial highlights for the Q1 FY27 results of Vishnu Chemicals Limited. On a consolidated basis, the company reported operating revenues of INR433.4 crores in Q1 FY27 compared to INR346.9 crores in Q1 FY26, a growth of 24.9% Y-o-Y. The gross profit for the quarter stood at INR193.9 crores compared to INR158.2 crores in Q1 FY26, a growth of 22.6% Y-o-Y. EBITDA stood at INR65.5 crores in Q1 FY27 compared to INR55.7 crores in Q1 FY26, a growth of 17.5% Y-o-Y. EBITDA margin stood at 15.1% in Q1 FY27 compared to 16.1% in corresponding quarter last year. The profit after tax for the quarter stood at INR39.6 crores compared to INR32.2 crores in Q1 FY26, a growth of 23% Y-o-Y. PAT margin stood at 9.1% compared to 9.3% in Q1 FY26. On a sequential basis, the performance moderated a bit due to maintenance shutdown taken in our Vizag facility during the quarter. Overall, we are happy to start FY27 on a positive note with healthy year-on-year growth metrics across key financial numbers. Page 3 of 16 Vishnu Chemicals Limited August 03, 2026 With this, I conclude my remarks, and now we can open the floor for Q&A session. Thank you. Moderator: Thank you very much, sir. Ladies and gentlemen, we will now begin the question-and-answer session. The first question is from the line of Sagar Jethwani from PhillipCapital. Sagar Jethwani: My first question is what is the reason for the sharp correction in the barium segment margins? The margins have just dented sequentially and Y-o-Y. And what are the sustainable margins in the barium segment? Could you please help us with that? Siddartha Cherukuri: Thank you, Mr. Jethwani. Answering your question, well, our barium business is progressing as per the business plan. And also -- with that being said, the EBITDA margins are not impacted in the quarter gone by. There was a one-off expense, which was factored in where the baryte prices were retrospectively charged for the last 2 years. It was an a [Showing first 8,000 characters — download PDF for full document]