Vishnu Chemicals Limited has informed the Exchange about Transcript
VISHNU · price
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Vishnu Chemicals reported Q1 FY26 consolidated revenue of Rs. 346.9 crores, up 2.4% YoY, with gross margins improving 81 bps YoY to 45.6%. EBITDA was Rs. 55.7 crores at a margin of 16.1% (vs 16.4% YoY), and PAT grew 5.8% YoY to Rs. 32.2 crores. Sequential performance moderated due to tariff-related demand deferment and a surge in ocean freight (shipping costs up 88 bps sequentially). US exposure is only ~7% consolidated, with Barium fully tariff-exempt and Chrome facing a 25%+3.5% tariff. The new Strontium carbonate plant (12,000 tons/year capacity) is in trial runs, with commercial sales expected from September-October 2025. The South Africa mine acquisition awaits statutory approvals, expected by November 2025. Net debt is Rs. 250 crores (0.25x equity), and the Board recommended a 15% dividend.
Margin resilience and strong YoY PAT growth despite tariff headwinds are positives, but export demand uncertainty may cap near-term upside. Investors should watch Strontium commercialization and closure of the South Africa mine acquisition as potential growth catalysts.