Vinyl Chemicals Reports FY26 Results with Rs 1650 Lakh Profit, Recommends Rs 7 Dividend

Vinyl chemicals (India) Limited has announced its audited financial results for FY26, reporting a net profit of Rs 1650 lakhs. The company's board has also recommended a dividend of Rs 7 per equity share to shareholders.

Financial Performance Overview

The company delivered solid financial performance during FY26, with total income reaching Rs 66363 lakhs compared to Rs 63026 lakhs in the previous year. The annual results were approved by the Board of Directors at their meeting held on April 24, 2026.

Financial Metric:	FY26	FY25	Change
Total Income:	Rs 66363 lakhs	Rs 63026 lakhs	+5.29%
Revenue from Operations:	Rs 65244 lakhs	Rs 62525 lakhs	+4.35%
Net Profit:	Rs 1650 lakhs	Rs 2233 lakhs	-26.11%
Earnings Per Share:	Rs 8.99	Rs 12.17	-26.13%

Quarterly Results

For the fourth quarter ended March 31, 2026, the company reported revenue from operations of Rs 17984 lakhs and net profit of Rs 465 lakhs. The quarterly performance showed improvement in revenue generation despite challenging market conditions.

Q4 Performance:	Q4 FY26	Q4 FY25	Change
Revenue from Operations:	Rs 17984 lakhs	Rs 17288 lakhs	+4.03%
Net Profit:	Rs 465 lakhs	Rs 727 lakhs	-36.04%
Earnings Per Share:	Rs 2.53	Rs 3.96	-36.11%

Dividend Recommendation

The Board of Directors has recommended a dividend payment of Rs 7 per equity share of Re 1 each for FY26. This dividend proposal, aggregating to Rs 1283.59 lakhs, will be subject to approval by shareholders at the 40th Annual General Meeting. Once approved, the dividend will be paid to eligible shareholders within 30 days of the AGM.

Balance Sheet Position

The company's total assets stood at Rs 23333 lakhs as of March 31, 2026, compared to Rs 26217 lakhs in the previous year. Total equity increased to Rs 13025 lakhs from Rs 12666 lakhs, reflecting the company's stable financial position.

Balance Sheet Highlights:	FY26	FY25
Total Assets:	Rs 23333 lakhs	Rs 26217 lakhs
Total Equity:	Rs 13025 lakhs	Rs 12666 lakhs
Current Assets:	Rs 22968 lakhs	Rs 26044 lakhs
Current Liabilities:	Rs 10108 lakhs	Rs 13476 lakhs

Regulatory Compliance and Auditor's Opinion

The company has filed its audited financial results under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, M/s. Mehul Gada & Associates, Chartered Accountants, have issued an unmodified audit opinion on the annual audited financial results for FY26, confirming compliance with regulatory requirements and accounting standards. The board meeting commenced at 11:30 a.m. and concluded at 1:00 p.m. on April 24, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-8.80%	-11.84%	+35.98%	-12.05%	-13.89%	+106.90%

Vinyl Chemicals (India) Limited has reported challenging fourth quarter financial performance, with revenue growth overshadowed by significant declines in profitability and operational efficiency metrics compared to the same period last year.

Revenue Performance Shows Modest Growth

The company achieved fourth quarter revenue of ₹1.8 billion, representing a 4% increase from ₹1.73 billion recorded in the corresponding quarter of the previous year. This revenue growth demonstrates the company's ability to maintain business momentum despite challenging market conditions.

Profitability and Operational Metrics Under Severe Pressure

Despite the revenue increase, the company faced significant operational challenges during the quarter. Standalone net profit for the fourth quarter stood at ₹46 million, marking a 37% decrease from ₹73 million in the previous year. More concerning was the sharp decline in EBITDA performance, which fell to ₹28 million from ₹100 million in the corresponding quarter of the previous year.

Financial Metric:	Q4 Current Year	Q4 Previous Year	Change (%)
Revenue:	₹1.8 billion	₹1.73 billion	+4%
Standalone Net Profit:	₹46 million	₹73 million	-37%
EBITDA:	₹28 million	₹100 million	-72%
EBITDA Margin:	1.58%	5.76%	-418 bps

Margin Compression Highlights Operational Challenges

The most striking aspect of the quarterly results was the severe margin compression experienced by the chemical manufacturer. EBITDA margin contracted dramatically to 1.58% from 5.76% in the previous year, representing a decline of 418 basis points. This substantial margin erosion, combined with the 72% drop in absolute EBITDA, indicates significant operational headwinds during the quarter.

The divergence between modest revenue growth and sharp declines in profitability metrics suggests the company faced substantial cost pressures or pricing challenges that severely impacted operational efficiency during the reporting period.