Chemical
Long term prospects remain positive amid low sales says Vishnu Chemicals
Company's annual revenue drops to Rs. 676.73 crore compared to Rs. 769.39 crore of previous year
- By Pravin Prashant
| July 27, 2020
Despite the challenges of a global recession, currency risks and liquidity concerns, long-term prospects for Vishnu Chemicals Limited's (VCL) business remain positive as the company has flexible product mix i.e. 8 different products scattered among 14 diverged industries/applications with the customer’s presence throughout the globe.
The company has consolidated its position as a dependable supplier for global companies across pharmaceutical, pigments & dyes, surface finishing, leather, wood preservative, ceramics and allied industries.
The consolidated revenue from operations for the FY 2019-20 is Rs. 676.73 crore compared to Rs. 769.39 crore of previous year. Earnings before interest, tax, depreciation and amortization (EBITDA) is at Rs. 86.27 crore during the year compared to Rs. 102.24 crore of previous FY 2018-19.
During FY2019-20, Profit before tax stood at Rs. 30.31 crore compared to Rs. 37.49 crore of previous year. However, finance cost has reduced by over 18% to Rs. 35.77 crore as compared to Rs. 43.89 crore of previous year. Net profit for the FY 2019-20 stood at Rs. 22.23 crore compared to Rs. 24.36 crore during FY 2018-19.
Established in 1989, Vishnu Chemicals Ltd (VCL) is one of the global manufacturers and suppliers of Specialty & Fine Chemicals. Since the inception, the company has shown growth through its green field as well as brown field projects. Today VCL has a global reach in over 57 countries backed by its research driven manufacturing facilities.
Over the years the company has changed the perception on Specialty Chemical manufacturing as a hazardous – environment unfriendly manufacturing to sustainable and safe manufacturing.
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