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Hyderabad,\u00a0 May 2023: Vishnu Chemicals Limited, one of India\u2019s leading speciality Chemicals manufacturers posted its annual results for FY23 on Wednesday.<\/p>\n
The company delivered a remarkable performance in FY23, with a 31 percent increase in consolidated total income and 68 percent surge in consolidated net profit compared to FY22. Consolidated EBITDA stood at \u20b9245 crores, up 52 percent compared to \u20b9161 crores in FY22.<\/p>\n
On standalone basis, the company posted net profit of \u20b9129 crore in FY23 compared to \u20b965 crore in FY22.<\/p>\n
In an encouraging development, 31.1 percent 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.<\/p>\n
Revenues, EBITDA and PAT up<\/p>\n
\u2022 The company\u2019s consolidated total income stood at \u20b91406 crore for FY23, up 31 per cent from \u20b91075 crore in FY22.<\/p>\n
\u2022 Vishnu Chemicals reported all time highest consolidated PAT margin of 9.7 percent in FY23.<\/p>\n
Mr. Siddartha Cherukuri, Joint Managing Director of Vishnu Chemicals, said, \u201cWe are pleased to deliver on our commitments to achieve growth. Over the last three years, we have achieved a PAT CAGR of over 80 percent with our focus on manufacturing and process improvement to achieve better yields.\u201d<\/p>\n
Growth factors<\/p>\n
According to Mr. Krishna Murthy Cherukuri, CMD of the company, \u201cWe 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.\u201d<\/p>\n
\u201cWe 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,\u201d added Mr. Murthy.<\/p>\n
With a track record of more than 30 years, Vishnu Chemicals is a manufacturer of high performance speciality chemicals supplying to more than domestic and international customers across 12 industries like pharmaceutical, textiles, electroplating, wood, paper, detergents, textiles, ceramics, tiles and glass.<\/p>\n
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