Vishnu Chemicals Q1FY27: Exports lead growth as revenues rise 24.9% YoY

Operating revenue was INR433.4 crore, EBITDA was INR65.5 crore, and PAT was INR39.6 crore. YoY growth was 24.9% in revenue, 17.5% in EBITDA, and 23.0% in PAT.

Management stated the revenue mix was approximately 45% domestic and 55% exports in Q1 FY27.

Management said refurbishment and other restart activities are in progress and expects operations to commence in the second half of FY27. They also stated material is expected to start flowing into India from Q3 FY27.

Management stated strontium revenue was about INR25 crore in Q1 FY27. They said installed capacity is about 10,000 tonnes and current utilization is around 50%, with an aim to end FY27 at 65% to 75% utilization.

Management said geopolitical tensions in West Asia increased ocean freight sharply. They stated logistics cost was about 9% to 10% of revenues in Q1 FY27 and could be upwards of 20% in the next quarter depending on conditions.

Management stated a FY27 capex outlay of about INR200 to 250 crore. They also cited DMSO total project capex of INR205 to 240 crore (INR68 crore spent up to 30 June 2026), around INR50 crore for chromium derivatives expansion, INR20 to 25 crore for South Africa, and about INR40 crore for barium backward integration.

Management stated total debt was about INR527 crore as of 31 March 2026, with debt-to-equity of about 0.49.