Vinyl Chemicals Q2 Net Profit Climbs to Rs 11.41 Crore

Revenue stands at Rs 218.57 crore; Net Profit grew from Rs 2.88 crore YoY.

Reader Takeaway: Robust year-on-year growth in core chemical trading margins; monitor working capital and operating cash flow trends.

What just happened

Vinyl Chemicals (India) Ltd announced its unaudited financial results for the quarter ended September 30, 2026. The company reported a significant jump in profitability, with net profit reaching Rs 11.41 crore compared to Rs 2.88 crore in the same quarter last year. Revenue from operations also rose to Rs 218.57 crore from Rs 151.89 crore in Q2 FY26.

Why this matters

The results highlight a strong recovery and expansion in the company's core trading business. The EPS for the quarter improved substantially to 6.24, up from 1.58 in the previous year. For the half-year ended September 30, 2026, the cumulative net profit stands at Rs 18.03 crore, more than doubling the profit recorded in the first half of the previous fiscal year.

Risks to watch

Investors should pay close attention to the company's liquidity position. The filing shows a net cash outflow from operating activities of Rs 24.21 crore for the six months ended September 30, 2026. As a company focused on trading in chemicals, maintaining healthy working capital cycles remains critical to sustaining this earnings growth.

Context metrics

• Total asset base as of September 30, 2026: Rs 285.45 crore.
• Business focus: Single reportable segment of chemical trading.
• Corporate structure: No subsidiaries, associates, or joint ventures.

What to track next

Watch for sustained margin trends in upcoming quarters and updates on how management navigates working capital requirements given the recent operating cash flow status.