Vishnu Chemicals Announces JV with DCX Chrome SAS, France

Vishnu Chemicals Limited reported its unaudited financial results for Q2FY27 and H1FY27. The company announced a 50:50 joint venture with DCX Chrome SAS, France, to establish a high-purity Chromium Metal facility for aerospace and defence applications. Financially, Q2FY27 saw consolidated operating revenues of ₹429.5 Cr (up 7.0% YoY), EBITDA of ₹64.0 Cr (up 10.0% YoY), and PAT of ₹35.5 Cr (up 8.1% YoY). For H1FY27, operating revenues grew 15.3% YoY to ₹862.9 Cr, EBITDA rose 13.7% YoY to ₹129.4 Cr, and PAT increased 15.5% YoY to ₹75.2 Cr. The company is also expanding its renewable energy capacity by adding approximately 20 MW of solar power. Logistics costs increased to 8.8% of operating revenue due to geopolitical tensions. Vishnu Chemicals maintained a strong balance sheet with a consolidated D/E of 0.67x and secured an 'A (Stable)' rating from ICRA.