Vinyl Chemicals (India) Limited has reported mixed fourth quarter financial performance for the quarter ended March 31, 2026, with revenue growth overshadowed by significant declines in profitability metrics compared to the corresponding period of the previous year.

Revenue Performance Shows Modest Growth

The company achieved fourth quarter revenue of ₹18,319 lakhs, representing a 6% increase from ₹17,307 lakhs recorded in the corresponding quarter of the previous year. For the full year ended March 31, 2026, total income reached ₹66,363 lakhs, marking a 5% growth from ₹63,026 lakhs in the previous financial year.

Profitability Metrics Under Pressure

Despite the revenue increase, the company faced significant challenges in maintaining profitability during the quarter. Profit after tax for the fourth quarter stood at ₹465 lakhs, marking a 36% decrease from ₹727 lakhs in the previous year. Similarly, profit before tax declined to ₹613 lakhs from ₹1,011 lakhs, representing a 39% drop.

Annual Performance Reflects Similar Trends

The annual results for FY26 mirrored the quarterly performance trends. While total income for the year grew by 5% to ₹66,363 lakhs, profit after tax declined by 26% to ₹1,650 lakhs from ₹2,233 lakhs in the previous year. Profit before tax also decreased by 27% to ₹2,218 lakhs from ₹3,040 lakhs.

Earnings Per Share Impact

The decline in profitability directly impacted earnings per share metrics. Basic earnings per share for the quarter decreased to ₹2.53 from ₹3.96 in the corresponding quarter of the previous year. For the full year, basic EPS declined to ₹8.99 from ₹12.17, reflecting the overall pressure on profitability despite revenue growth.

The company maintained its equity share capital at ₹183 lakhs with a face value of ₹1 per share, while reserves increased to ₹12,842 lakhs from ₹12,483 lakhs in the previous year. The divergence between revenue growth and declining profitability suggests the company faced significant cost pressures during the reporting period.

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.

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.

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.

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.