Vishnu Chemicals Limited — Q2FY27 earnings call summary

Filed 11 November 2026 · Official transcript

FY28 EBITDA margin guidance 18%-19%, potentially reaching 20% with backward/forward integration and new product launches
Logistics costs rose to 8.8% of revenue in Q2; expected to ease in FY28 aiding margin expansion
Multiple analyst queries on logistics cost impact and margin trajectory; management expects improvement from Q4 FY27 onwards
Strontium carbonate capacity utilization expected to reach 70% by FY28; barium business margins stable
Capex of INR190 Cr spent H1 FY27; INR300 Cr planned for next 12 months including DMSO and chrome oxide expansions
South Africa mining operations to start shipments from Q4 FY27, aiding raw material supply
Q2 FY27 consolidated revenue grew 7.1% y-y to INR429.53 Cr; EBITDA up 10% to INR64 Cr; PAT rose 8.2% to INR35.57 Cr
H1 FY27 revenue grew 15.4% y-y to INR862.3 Cr; EBITDA margin at 15.0%; PAT margin stable at 8.7%