Vishnu Chemicals Q2 FY27 Results: Consolidated Net Profit ₹35.57 Crore on Total Income of ₹439 Crore
- Earnings
- Specialty chemicals
Reviewed byRachit TripathiBlacklitt Research
Vishnu Chemicals (NSE: VISHNU) reported consolidated total income of ₹439.09 crore and net profit of ₹35.57 crore for the quarter ended 30 Sep 2026, and standalone total income of ₹311.66 crore and net profit of ₹19.66 crore, it said in a filing on 31 Oct 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹439.09 crore, up 7.0% YoY and down 1.6% QoQ
- Net profit and EPS: ₹35.57 crore, up 8.2% YoY; basic EPS ₹5.28 (not annualised)
- Finance costs: ₹13.81 crore, up 19.7% YoY and 14.1% QoQ
Standalone
The company on its own, without its subsidiaries
- Total income: ₹311.66 crore, down 0.5% YoY and 0.1% QoQ
- Net profit and EPS: ₹19.66 crore, up 0.6% YoY; basic EPS ₹2.92 (not annualised)
- Finance costs: ₹7.88 crore, up 25.1% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 439.09 | 410.52 | +7.0% | 446.28 | -1.6% | |
| Revenue from operations | 429.53 | 401.15 | +7.1% | 433.41 | -0.9% |
| Other income | 9.57 | 9.37 | +2.1% | 12.88 | -25.7% |
| 35.57 | 32.88 | +8.2% | 39.64 | -10.3% | |
| Profit before tax | 48.49 | 45.79 | +5.9% | 55.10 | -12.0% |
| Finance costs | 13.81 | 11.54 | +19.7% | 12.10 | +14.1% |
| Depreciation | 11.28 | 10.24 | +10.2% | 11.15 | +1.2% |
| Tax expense | 12.93 | 12.90 | +0.2% | 15.46 | -16.4% |
| Net profit margin | 8.10% | 8.01% | +0.09 pp | 8.88% | -0.78 pp |
| EPS, basic (₹) | 5.28 | 4.88 | +8.2% | 5.89 | -10.4% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew faster than income this quarter. Consolidated net profit rose 8.2% YoY against 7.0% growth in total income, while profit before tax rose 5.9%.
Finance costs are the line to watch. At ₹13.81 crore they rose 19.7% YoY and 14.1% QoQ, and they now equal 3.1% of total income. The filing does not say why they rose.
Other income of ₹9.57 crore is 2.2% of total income and 19.7% of profit before tax. It was down 25.7% from the June quarter, when it was ₹12.88 crore, so the June quarter had a larger cushion from this line.
The consolidated figures include the wholly owned and step-down subsidiaries listed in the auditor's annexure.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 311.66 | 313.13 | -0.5% | 312.04 | -0.1% | |
| Revenue from operations | 303.16 | 304.82 | -0.5% | 297.66 | +1.8% |
| Other income | 8.50 | 8.31 | +2.3% | 14.38 | -40.9% |
| 19.66 | 19.54 | +0.6% | 31.85 | -38.3% | |
| Profit before tax | 26.85 | 25.75 | +4.3% | 43.49 | -38.3% |
| Finance costs | 7.88 | 6.30 | +25.1% | 6.39 | +23.3% |
| Depreciation | 6.53 | 6.09 | +7.1% | 6.44 | +1.3% |
| Tax expense | 7.19 | 6.21 | +15.8% | 11.64 | -38.2% |
| Net profit margin | 6.31% | 6.24% | +0.07 pp | 10.21% | -3.90 pp |
| EPS, basic (₹) | 2.92 | 2.90 | +0.7% | 4.73 | -38.3% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone income was flat while profit rose slightly. Total income fell 0.5% YoY to ₹311.66 crore, but net profit rose 0.6% to ₹19.66 crore, and profit before tax rose 4.3%. Tax expense rose 15.8% YoY, which narrows the profit gain.
Standalone net profit fell 38.3% from the June quarter, when it was ₹31.85 crore, while total income was almost unchanged. The June quarter's other income of ₹14.38 crore was ₹5.88 crore higher than this quarter's, and the filing does not give the reason for the difference.
Standalone finance costs of ₹7.88 crore are 2.5% of total income and rose 25.1% YoY. Depreciation rose 7.1% to ₹6.53 crore.
Inference
The company signed a 50:50 joint venture agreement on 7 Sep 2026 with DCX Chrome SAS, France, for a greenfield chromium metal plant at Visakhapatnam with proposed capacity of 6,000 TPA. The filing does not state the investment amount, the company's capital commitment or when the plant will be commissioned.
The results show dividend payments of ₹2.01 crore on a consolidated basis and ₹2.02 crore standalone in the half year. The filing does not state a dividend for the period or its record date.
The consolidated notes say Vishnu International Trading FZE has not yet started operations, and the liquidation of VCHEM Trading FZE, Dubai, has started. The filing does not say why or when the liquidation will be completed.
Filed with BSE on . Reference: Original filing (PDF)
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