Specialty Chemicals company Vishnu Chemicals announced Q3FY25 & 9MFY25 results Operating Revenues: Rs 371.2 crore in Q3FY25 (+22% YoY); Rs 1,053.9 crore in 9MFY25 (+15% YoY). EBITDA: Rs 63.5 crore in Q3FY25 (+55% YoY); Rs 164.3 crore in 9MFY25 (+19% YoY). EBITDA Margin: 17.1% in Q3FY25 (up from 13.5% in Q3FY24); 15.6% in 9MFY25 (up from 15.1% in 9MFY24). PAT: Rs 34.4 crore in Q3FY25 (+66% YoY); Rs 87.7 crore in 9MFY25 (+20% YoY). PAT Margin: 9.3% in Q3FY25 (up from 6.8% in Q3FY24); 8.3% in 9MFY25 (down slightly from 8.4% in 9MFY24). Krishna Murthy Ch., CMD, Vishnu Chemicals said, “The company is delighted to report its latest quarterly results. We are continuously improving our manufacturing processes that combine environmental and economic benefits by comprehensive use of resources and ability to handle complex reactions.” Siddartha Ch., JMD, Vishnu Chemicals. said, “Our customer-first strategy has yielded rich dividends, as we remain committed to prioritising their needs while adjusting our product mix in the current and anticipated raw material cost environment. We are optimistic about our chemistry and positive about delivering industry leading ROCE in the future,” Result PDF
Conference Call with Vishnu Chemicals Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Speciality Chemicals company Vishnu Chemicals announced consolidated Q4FY24 & FY24 results: The 7% Preference Shareholders, who are also promoters of the company, have waived off 100% of preference dividend for FY24. Preference dividend waived off for the quarter is Rs 1.3 crore and for twelve months ending March 31, 2024 is Rs 5.3 crore Vishnu’s board has proposed a final dividend of Rs 0.3 per equity share (15% of face value) for FY24. Agile mix of domestic and export sales in the ratio of 53:47 EBITDA Margin expanded by 766 basis points in Q4FY24 at 21.2% compared to 13.5% in Q3FY24. Margin expansion was driven by disciplined investments across both value addition and backward integration initiatives Performance was steered by strong improvement in the Barium Chemicals. Record volumes produced and sold with margin expansion, all while aiding our international clients recover from challenging macro environments. Prudent spending kept operational expenses flat YoY. Balance sheet and liquidity position: Reduction in consolidated long term borrowings by Rs 90.9 crore in FY24. Debt to Equity at 0.45 Cash, Cash Equivalents & Bank Balances at Rs 60.4 crore. The Red Sea crisis has increased transit times by 2-4 weeks. As a result, the company is maintaining higher inventories of raw materials to ensure continuous supply of feedstock, as well as higher inventories of finished goods to enable quick dispatches. External credit rating upgraded from CARE BBB to CARE A Ch. Krishna Murthy, CMD, Vishnu Chemicals Limited said, “Vishnu Chemicals is pleased to end the financial year 2023-24 on a high note. The macroeconomic headwinds faced by the speciality chemicals industry and our customers proved this year to be a significant test for us. Our answer to this was our resilience, where we never compromised on our principles and prioritised customer success with the focus on margin expansion. Going in FY25, we continue to work tirelessly to achieve growth and continuous improvement.” Ch. Siddartha, JMD, Vishnu Chemicals said, “Our performance was driven by our core belief of being persistent in any circumstance, taking measured risks and keeping the communication simple. Vishnu has entered FY25 with the same core belief of doing business with efficiency, nurturing complex chemistry, seizing opportunities and never compromise on our efforts.” Result PDF
Conference Call with Vishnu Chemicals Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Vishnu Chemicals Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
Vishnu Chemicals announced Q1FY24 results: Total Income of Rs 303 crore in Q1FY24 compared to Rs 361 crore in Q1FY23, down (16)% YoY Gross Profit of Rs 139 crore in Q1FY24 compared to Rs 153 crore in Q1FY23, a decrease of (9)% YoY Gross Margin of 46.3% in Q1FY24 compared to 42.5% in Q1FY23, an increase of +372 bps YoY EBITDA of Rs 53 crore in Q1FY24 compared to Rs 61 crore in Q1FY23, a decrease of (12)% YoY EBITDA Margin of 17.6% in Q1FY24 compared to 16.8% in Q1FY23, an increase of +85 bps YoY PAT of Rs 29 crore in Q1FY24 compared to Rs 34 crore in Q1FY23, a decrease of (16)% YoY PAT Margin of 9.4% in Q1FY24, unchanged from 9.4% in Q1FY23 Ch. Krishna Murthy, CMD, Vishnu Chemicals said, “The Company delivered good sales in both Indian and international markets, which validates the robust demand for our products even in a challenging environment. Most of our products constitute import substitution and thus find a good demand from domestic markets. In the relative scheme of things, Q1 has been a very good quarter if we factor in the maintenance in Chromium Chemicals and integration of a new plant in Barium Chemicals.” Ch. Siddartha, JMD, Vishnu Chemicals said, “We are consistent in our commentary on the way we run our company. ROCE and a healthy balance sheet are key tenets of our business. The company is focused on building a strong portfolio of products with newer grades so that we are not affected by a single product or market.” Result PDF