Vishnu Chemicals Limited has delivered a resilient financial performance in the second quarter of FY27, with EBITDA rising 10% year-on-year to Rs 64 crore and profit after tax (PAT) increasing 8.1% to Rs 35.5 crore.
The company also announced a strategic joint venture with France-based DCX Chrome SAS, marking a significant step in its strategic growth initiatives.
The speciality chemicals manufacturer reported operating revenue of Rs 429.5 crore for Q2FY27, up 7% from Rs 401.1 crore in the corresponding quarter of the previous fiscal.
For the first half of FY27, the company posted an even stronger performance, with operating revenue climbing 15.3% year-on-year to Rs 862.9 crore, compared with Rs 748 crore in H1FY26.
EBITDA for the six-month period rose 13.7% to Rs 129.4 crore, against Rs 113.9 crore a year earlier. PAT surged 15.5% to Rs 75.2 crore from Rs 65.1 crore in the corresponding period last year.
The company's gross profit growth outpaced revenue expansion, rising 20.2% year-on-year to Rs 207.7 crore in Q2FY27. Gross margin improved significantly to 48.4%, compared with 43.1% in Q2FY26.
For H1FY27, gross profit increased 21.4% to Rs 401.7 crore, while gross margin expanded to 46.6% from 44.3% in the year-ago period.
EBITDA margin also improved to 14.9% in Q2FY27 from 14.5% a year earlier, reflecting stronger operating profitability. However, the H1FY27 EBITDA margin stood at 15%, compared with 15.2% in H1FY26.
PAT margin for the second quarter edged up to 8.3% from 8.2% in the corresponding quarter last year, while the half-year margin remained stable at 8.7%.
The strategic joint venture with DCX Chrome SAS, France, is a key development in the company's latest business update, signalling its intent to strengthen its strategic positioning and pursue further growth opportunities.
With double-digit growth in half-year revenue, EBITDA and net profit, alongside improved gross margins, the company has reported a strong first-half performance in FY27.
