Vishnu chemicals reports strong Q2, H1 FY26 financial results

Vishnu Chemicals recorded record high quarterly revenues of ₹401.1 Cr in Q2FY26, a 16.7% year-on-year increase. EBITDA surged by 28.8% year-on-year to ₹58.2 Cr, while profit after tax (PAT) saw a 44.0% year-on-year rise to ₹32.8 Cr. Gross margin improved to 43.1%, and EBITDA margin reached 14.5% for the quarter.

For H1FY26, operating revenues increased by 9.6% to ₹748.0 Cr, with EBITDA growing 13.0% to ₹113.9 Cr, and PAT rising 22.1% to ₹65.1 Cr. The company's D:E ratio stood at 0.41, reflecting a balanced financial position. Export revenues demonstrated strong growth, increasing 30% quarter-on-quarter from ₹157 Cr in Q1FY26 to ₹205 Cr in Q2FY26, contributing to a balanced domestic to export sales mix of 49:51.

Vishnu Chemicals commenced commercial production of a new specialty chemical plant for Strontium Carbonate in Vizag, India, during Q2FY26, strengthening its manufacturing capabilities and market position in inorganic chemicals. The company also highlighted improved gross margin and EBITDA margin by 32 bps and 137 bps year-on-year, respectively, and a 44% year-on-year increase in operating cash flow from ₹63 Cr in H1FY25 to ₹91 Cr in H1FY26.