Invest
Vishnu Chemicals announced Q1FY24 results:
- Total Income of Rs 303 crore in Q1FY24 compared to Rs 361 crore in Q1FY23, down (16)% YoY
- Gross Profit of Rs 139 crore in Q1FY24 compared to Rs 153 crore in Q1FY23, a decrease of (9)% YoY
- Gross Margin of 46.3% in Q1FY24 compared to 42.5% in Q1FY23, an increase of 372 bps YoY
- EBITDA of Rs 53 crore in Q1FY24 compared to Rs 61 crore in Q1FY23, a decrease of (12)% YoY
- EBITDA Margin of 17.6% in Q1FY24 compared to 16.8% in Q1FY23, an increase of 85 bps YoY
- PAT of Rs 29 crore in Q1FY24 compared to Rs 34 crore in Q1FY23, a decrease of (16)% YoY
- PAT Margin of 9.4% in Q1FY24, unchanged from 9.4% in Q1FY23
Ch. Krishna Murthy, CMD, Vishnu Chemicals said,
“The Company delivered good sales in both Indian and international markets, which validates the robust demand for our products even in a challenging environment. Most of our products constitute import substitution and thus find a good demand from domestic markets. In the relative scheme of things, Q1 has been a very good quarter if we factor in the maintenance in Chromium Chemicals and integration of a new plant in Barium Chemicals.”
Ch. Siddartha, JMD, Vishnu Chemicals said,
“We are consistent in our commentary on the way we run our company. ROCE and a healthy balance sheet are key tenets of our business. The company is focused on building a strong portfolio of products with newer grades so that we are not affected by a single product or market.”
FAQ’s on Vishnu Chemicals Ltd Shares
