Vishnu Chemicals Limited has reported stellar financial results for the second quarter, showcasing robust growth across key metrics. The specialty chemicals manufacturer achieved a record quarterly revenue and significant improvements in profitability.

Financial Highlights

Key Performance Indicators

• Export Growth: Export revenues surged by 30% quarter-on-quarter, rising from ₹157.00 crores in Q1 to ₹205.00 crores in Q2.
• Balanced Sales Mix: The company maintained a balanced domestic to export sales ratio of 49:51.
• Improved Cash Flow: Operating cash flow increased by 44% year-on-year to ₹91.00 crores in H1.
• Healthy Balance Sheet: The debt-to-equity ratio stands at a comfortable 0.41.

Operational Developments

Vishnu Chemicals has commenced commercial production at its new specialty chemical plant for Strontium Carbonate at the Vizag facility. This strategic move is aimed at import substitution and tapping into global export potential, particularly in the Asia Pacific region, which accounts for over 50% of global Strontium Carbonate demand.

Management Commentary

Krishna Murthy Cherukuri, Chairman & Managing Director, stated, "Vishnu Chemicals delivered a strong performance with healthy growth in revenues, margins, and profits. Achieving a quarterly revenue of ₹400 crores plus is a milestone for our company. Our consistent improvement in profitability and scale reflects the strength of diversification, good demand for our products, and efficient cost management."

Siddartha Cherukuri, Joint Managing Director, added, "Vishnu Chemicals is pleased to report a strong performance in Q2 despite a challenging environment. The company's consistent performance and project execution abilities underscore its strong operational fundamentals and unwavering focus on manufacturing."

Outlook

With its multi-locational manufacturing excellence, focus on R&D, and commitment to sustainability, Vishnu Chemicals is well-positioned to capitalize on the growing demand for specialty chemicals. The company's emphasis on flexible product mix and process innovations continues to drive its market share expansion and operational efficiency.

Investors and stakeholders can look forward to the company's sustained growth trajectory, backed by its strong manufacturing legacy and strategic initiatives in high-value specialty applications.

Vishnu Chemicals Limited , a prominent player in the specialty chemicals sector, has reported impressive financial results for the second quarter of fiscal year 2026, marking significant growth across key metrics.

Record-Breaking Financial Performance

The company achieved a milestone by crossing the ₹400 crore mark in quarterly operating revenues. Here's a breakdown of the key financial highlights:

This robust performance demonstrates Vishnu Chemicals' strong market position and operational efficiency in the specialty chemicals industry.

Export Growth and Sales Mix

Vishnu Chemicals reported a substantial increase in its export revenues:

• Q2FY26 export revenue: ₹205.00 crores
• QoQ growth: 30% (from ₹157.00 crores in the previous quarter)
• Balanced sales mix: 49% domestic, 51% exports

This growth in exports highlights the company's expanding global footprint and its ability to capitalize on international market opportunities.

Expansion and Operational Updates

New Plant Commissioning

• Product: Strontium Carbonate (specialty chemical)
• Location: Visakhapatnam
• Capacity: 17,000 TPA (Tonnes Per Annum)
• Commercial operations began: August 20, 2025

This expansion is expected to strengthen Vishnu Chemicals' product portfolio and production capabilities in the specialty chemicals segment.

Financial Health

The company maintains a strong financial position:

• Debt-to-equity ratio: 0.41
• ROCE (Return on Capital Employed) for H1FY26: 15.00%

These figures indicate a healthy balance sheet and efficient capital utilization.

Management Commentary

The management of Vishnu Chemicals expressed satisfaction with the company's performance, highlighting:

1. The achievement of ₹400+ crores in quarterly revenue as a significant milestone
2. Progress on a strategic acquisition in South Africa, aimed at enhancing raw material security

Conclusion

Vishnu Chemicals' Q2FY26 results reflect a period of robust growth and strategic expansion. The company's focus on export markets, coupled with its investment in new production facilities, positions it well for continued growth in the specialty chemicals sector. Investors and industry observers will likely keep a close watch on the company's future performance and the outcome of its South African acquisition plans.