Vishnu Chemicals profit up 68% to Rs. 37 cr
Consolidated total income grew 31% at Rs 1,406 crore for FY23, from Rs 1,075 crore in FY22
image for illustrative purpose
Hyderabad: Vishnu Chemicals Limited, one of India’s leading speciality Chemicals manufacturers, has reported 31 per cent rise in consolidated total income at Rs 1,406 crore for FY23, from Rs 1,075 crore in FY22. The company’s net profit increased 68 per cent to Rs 137 crore in FY23 compared to Rs 81 crore in FY22.
In an encouraging development, 31.1 per cent promoter pledge was released by the lenders. With the positive outlook from the chemical sector coupled with its own competitive advantages, Vishnu Chemicals seems poised to show remarkable performance and weather any headwinds. Vishnu Chemicals reported all time highest consolidated PAT margin of 9.7 per cent in FY23. On standalone basis, the company posted net profit of Rs 129 crore in FY23 compared to Rs 65 crore in FY22.
Krishna Murthy Cherukuri, CMD of Vishnu Chemicals, said: “We focus on our business as a whole not only the production assets but also the logistics, marketing and talent development. The growth is driven by differentiated premium assets and efficient production processes.”
The company is adopting environmental friendly and sustainable process improvements in its manufacturing process. “We would like to express our gratitude to our stakeholders for their continued support and remain committed to the highest level of corporate governance and ethics,” he added.
Siddartha Cherukuri, Joint Managing Director of Vishnu Chemicals, said, “We are pleased to deliver on our commitments to achieve growth. Over the last three years, we have achieved a PAT CAGR of over 80 per cent with our focus on manufacturing and process improvement to achieve better yields.”
He further said, “The consistent performance is an outcome of our size which is hard to replicate and a product mix that gives us the flexibility to produce as per demand. We will continue to our nurture our chemistry, which is essential for key applications with limited competition globally.”
The growth is driven by differentiated premium assets and efficient production processes
- Krishna Murthy Cherukuri, CMD of Vishnu Chemicals
