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Vishnu Chemicals declares robust Q2FY23 earnings | PAT rises by 111 per cent - Vimarsana News

Vishnu Chemicals declares robust Q2FY23 earnings | PAT rises by 111 per cent

Published: November 1, 2022

Hyderabad (Telangana) [India], November 1 (ANI/PRNewswire): Vishnu Chemicals Limited (BSE: 516072) (NSE: VISHNU), epitomises manufacturing of high-performance specialty chemicals, has reported its unaudited financial results for the quarter and half year ended 30th September 2022. Highest Ever Profitability Backed by Strong Operating Efficiency. CONSOLIDATED FINANCIAL HIGHLIGHTS Consolidated Highlights Vishnu Chemicals continues to report record quarterly Sales, EBITDA & PAT. Consolidated domestic and exports sales continued its growth trend, growing by 57 per cent and 53 per cent YoY. Exp...

Source: laosnews.net
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Krishna MurthyVishnu Chemicals LimitedVishnu ChemicalsEver Profitability BackedStrong OperatingChromium ChemistryInterest Coverage RatioBarium ChemistryChemicals LimitedHyderabad Telangana India Ovember 1 Ani Prnewswire Vishnu Chemicals Limited Bse 516072 Nse Pitomises Manufacturing Of High Performance Specialty ChemicalsAs Reported Its Unaudited Financial Results For The Quarter And Half Year Ended 30th September 2022 Highest Ever Profitability Backed By Strong Operating Efficiency Consolidated Highlights Vishnu Chemicals Continues To Report Record Quarterly SalesBitda Amp Pat Consolidated Domestic And Exports Sales Continued Its Growth TrendRowing By 57 Per Cent And 53 Yoy Expansion Of 245 Bps In Ebitda Margin 250 Pat Q2fy23 Unwavering Focus On Manufacturing Had Led The Company To Bea Global Leader Terms Gross Asset Turnover Roce Amidst Peers Amp Reached Highest Levels 2x 35 Respectively Debt Equity Reduced 1 0 From 3 Fy22 Continues Improve Its Working Capital Efficiency Resulting Reduction Inventory Debtor Days Board Approves 5 Stock Split Highlights Chromium Chemistry Standalone Domestic Exports Sales Continue Growth TrendRowing By 64 Per Cent And 62 Yoy Debottlenecking Has Led To Capacity Increase 10000 TpaN Increase Of 14 Per Cent On Our Existing Plate Capacity Production Started From Q2fy23 Ebitda Generated Has Increased By 126 Yoy And 10 Qoq Reducedde To 0 99 While Interest Coverage Ratio Expands 7x Standalone Roce Is At 40 Highlights Barium Chemistry RealisticallyHere Are Some Signs Of Softer Demand Especially In EuropeArtly Due To The On Going Geopolitical Issues And Impact Of Higher Input Costs Our Customer 39s Operations However Positive SideS Per Recent DataHe Energy Issues Seem To Be Subsiding In Europe With Falling Prices Of Natural Gas The Company Is Watchful Situation Focused On Balancing Its Sales Mix Geographically By Increasing Market Share India Which Would Mitigate Geography Risk Long Term Capex Brownfield Expansion Introducea New Speciality Chemical Aid Barium Portfolio Diversification Track And Expected Commissioned H1fy24 Commissioning Stage Solar Power Capacity Under Opex Model Completed H2fy23 Management Comments Quot Second Quarter Was Another Record Performance For Vishnu ChemicalsS The Company Demonstrated Resilience Amidst Macro Environment Due To Its Diversified Product And Application Mix Stepping BackN The Second QuarterE Continued To Demonstrate Our Ability Make Progress On Clear Operational Priorities With Targeted Investments