Vishnu Chemicals Limited — Investor Meet, 22-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Vishnu Chemicals posted FY25 consolidated revenue of INR1,447 Cr, up 19% YoY, with EBITDA at INR228 Cr (15.8% margin) and PAT rising 25% to INR127 Cr (8.8% margin). Q4 PAT set a record of INR39 Cr, despite margin pressure from higher raw material and freight costs in Chromium chemicals. Barium volumes jumped ~30%, supported by backward integration and mid-60s% capacity utilization. Chromium volumes rose 9%, with mine commissioning planned in H2 FY26 to improve margins. The Strontium carbonate project is on track for sales from H2 FY26, targeting INR250-300 Cr revenue within 2 years. Net debt stands at ~INR260 Cr with healthy leverage. FY26 topline growth is expected at 15-20% with margin expansion driven by diversification and integration. Management remains confident on Barium’s steady demand and global competitiveness.