Vishnu Chemicals Q2FY21-22 profit up by 123% to Rs 16.6cr

Vishnu Chemicals Ltd has reported a profit after tax (PAT) of INR 16.6 crores for the second quarter of the fiscal year 2021-2022 (Q2FY21-22), an increase of 123% compared to INR 7.4 crores in the same quarter of the previous fiscal year.

The India-based high performance specialty chemicals manufacturer said that its income for the quarter ended 30 September 2021 was INR 241.8 crores, a 32% increase compared to INR 182.6 crores in Q2FY20-21.

For the first six months of the fiscal year 2021-2022, Vishnu Chemicals posted a profit after tax of INR 28.2 crores, a 42% jump compared to INR 19.9 crores made in the first half of the previous fiscal year.

The company’s income for H1FY2021-22 was INR 439.7 crores, a 31% increase, compared to INR 334.6 crores in H1FY2020-21.

Krishna Murthy — CMD of Vishnu Chemicals said: “We are happy to deliver an overall good quarter. Our key tenet has been to manufacture high performance specialty chemicals that stand the test of time and quality, which instils huge confidence in our global customer base.

“Our efficiency and operational focus helps us in delivering reliable product quality.”