Specialty Chemicals firm Vishnu Chemicals announced Q4FY23 & FY23 results: Q4FY23: Total Income: Rs 339 crore, up +1% YoY EBITDA: Rs 64 crore, up +20% YoY EBITDA Margin: 18.9% vs 15.8% in Q4FY22 PAT: Rs 36 crore, up +25% YoY PAT Margin: 10.5% vs 8.5% in Q4FY22 FY23: Total Income: Rs 1,406 crore, up +31% YoY EBITDA: Rs 245 crore, up +52% YoY EBITDA Margin: 17.4% vs 15.0% in FY22 PAT: Rs 137 crore, up +68% YoY PAT Margin: 9.7% vs 7.6% in FY22 Consistent Track Record: 3 years Total income CAGR 27% 3 years EBITDA CAGR 41% 3 years PAT CAGR 83% Generating positive free cash since FY18 Ch. Krishna Murthy, CMD, Vishnu Chemicals said, “We focus on our business as a whole not only the production assets but also the logistics, marketing, and talent development. With a disciplined approach, we will continue our focus on key priorities to operate with diligence & responsibility and create long-term value for our shareholders. We would like to express our gratitude to our stakeholders for their continued support and remain committed to the highest level of corporate governance and ethics.” Ch. Siddartha, JMD, Vishnu Chemicals said, “The consistent performance is an outcome of our size which is hard to replicate, and a product mix that gives us the flexibility to produce as per demand. We are pleased to deliver holistic improvement and will continue to our nurture our chemistry, which is essential for key applications with limited competition globally.” Result PDF
Vishnu Chemicals announced Q3FY23 results: Consolidated Q3FY23: Total Income Rs 331 crore +11% YoY. Q3FY23 EBITDA Rs 58 crore +26% YoY. Q3FY23 PATRs 32 crore +29% YoY. Consolidated 9MFY23: Total Income Rs 1,068 crore +44% YoY. EBITDA Rs 181 crore +67% YoY. PAT Rs 101 crore +91% YoY. Mr. Ch. Krishna Murthy, CMD, Vishnu Chemicals Limited said, “Driven by highly principled values and integrity, the result of meaningful capex done over the past few years is visible in the way we have created value. The outlook appears positive and is driven by a combination of micro and macro factors. Our market share is expanding due to our multi-site capabilities, manufacturing focus, procurement strategies and balanced approach to improve our profits.” “Our focus on core chemistries will drive our ROCE as we are optimistic about our capabilities and the ecosystem around us. The Company is well positioned to capitalize extensively on sectoral crests and adequately resist macro headwinds to emerge as a responsible and resilient organization,” said Mr. Ch. Siddartha, JMD, Vishnu Chemicals Limited. Result PDF
Specialty chemical manufacturer Vishnu Chemicals announced Q2FY23 results: Q2FY23 Total Income Rs. 375 crore up +55% YoY Q2FY23 EBITDA Rs. 63 crore up +82% YoY Q2FY23 profit after tax (PAT) up +111% YoY Vishnu Chemicals continues to report record quarterly Sales, EBITDA & PAT. Consolidated domestic and export sales continued their growth trend, growing by 57% and 53% YoY. Expansion of +245 bps in EBITDA margin YoY and +250 bps in PAT margin YoY in Q2FY23. Unwavering focus on manufacturing had led the company to be a global leader in terms of gross asset turnover and ROCE amidst peers. Gross asset turnover & ROCE reached the highest levels of 2x & 35%+ respectively. Debt to Equity reduced to 1.0 from 1.3 in FY22. The company continues to improve its working capital efficiency resulting in a reduction in Inventory & Debtor days. Board approves 1:5 stock split “The second quarter was another record performance for Vishnu Chemicals, as the Company demonstrated resilience amidst the macro environment due to its diversified product and application mix. Stepping back, in the second quarter, we continued to demonstrate our ability to make progress on our clear operational priorities. With our targeted investments, we will continue to drive long-term growth above market growth rates by providing value to our customers around the world.,” said Mr. Ch. Krishna Murthy, CMD, Vishnu Chemicals Limited. Mr. Ch. Siddartha, JMD, Vishnu Chemicals Limited, added, “I am pleased with our execution in the second quarter, as we focused on productivity for our customers in their tough time, which has never been more important than it is today. But there is still a significant amount of work to be done. The momentum we have is clearly evident with our ROCE levels and working capital efficiencies making us the most efficient producer in our chemistries globally, which we will continue to monitor and improve. We have industry-leading expertise, a global footprint, and clear priorities with plenty of runway for growth.” Result PDF