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March 28, 2015 8:10 PM ET

Construction Materials

Company Overview of Visaka Industries Limited

Company Overview

Visaka Industries Limited manufactures and sells corrugated cement fiber sheets primarily in India. It operates in two segments, Building Products and Textile Synthetic Yarn. The Building Products segment produces asbestos sheets and accessories used as roofing material; and non asbestos flat sheets and sandwich panels used in interiors. Its accessories include close fitting adjustable ridges, apron piece, north light ridges, barge boards, north light curve, serrated adjustable ridges, roof lights, and ridge finials. This segment’s non-asbestos fiber cement sheets, such as V-Boards and V-Panels are used for false ceiling, wall partitions, wall paneling, door panels, mezzanine flooring, and b...

Visaka Towers

1-8-303/69/3, S.P. Road

Secunderabad,  500003

India

Founded in 1981

4,119 Employees

Phone:

91 40 2781 3833

Fax:

91 40 2789 1833

Key Executives for Visaka Industries Limited

Managing Director, Executive Director, Member of Audit Committee and Member of Shareholders/Investors Grievances Committee
Age: 49
Total Annual Compensation: $2.4M
Compensation as of Fiscal Year 2014.

Visaka Industries Limited Key Developments

Visaka Industries Limited Reports Audited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

Visaka Industries Limited reported audited standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported net sales /income from operations of INR 2,126.022 million compared to INR 1,868.348 million a year ago. Profit from operations before other income finance costs and exceptional items were INR 56.197 million compared to loss from operations before other income finance costs and exceptional items INR 12.690 million a year ago. Profit from ordinary activities before tax was INR 4.126 million compared to loss from ordinary activities before tax of INR 69.328 million a year ago. Profit from ordinary activities after tax was INR 2.688 million compared to loss from ordinary activities after tax of INR 46.891 million a year ago. Net profit for the period was INR 2.688 million compared to loss for the period of INR 46.891 million a year ago. Basic and diluted earnings per share were INR 0.17 compared to basic and diluted loss per share of INR 2.95 a year ago. For the nine months, the company reported net sales/income from operations of INR 7,313.801 million compared to INR 6,458.079 million a year ago. Profit from operations before other income finance costs and exceptional items were INR 354.468 million compared to INR 240.007 million a year ago. Profit from ordinary activities before tax was INR 228.040 million compared to INR 116.274 million a year ago. Profit from ordinary activities after tax was INR 151.665 million compared to INR 74.663 million a year ago. Net profit for the period was INR 151.665 million compared to INR 74.663 million a year ago. Basic and diluted profit per share was INR 9.55 compared to INR 4.70 a year ago.

Visaka Industries Limited to Report Q3, 2015 Results on Feb 09, 2015

Visaka Industries Limited announced that they will report Q3, 2015 results on Feb 09, 2015

Visaka Industries Limited, Board Meeting, Feb 09, 2015

Visaka Industries Limited, Board Meeting, Feb 09, 2015. Agenda: To consider and approve the audited financial results of the company for the third quarter/nine months ended on December 31, 2014.

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