December 07, 2016 6:31 AM ET

Construction Materials

Company Overview of Visaka Industries Limited

Company Overview

Visaka Industries Limited manufactures and sells corrugated cement fiber sheets in India. The company operates in two segments, Building Products and Textile Synthetic Yarn. It offers asbestos sheets; and accessories, such as close fitting adjustable ridges, apron pieces, north light ridges, barge boards, north light curves, serrated adjustable ridges, roof lights, and ridge finials for use as roofing material. The company also provides non-asbestos fiber cement sheets, including V-Boards and V-Panels for use in false ceilings, wall partitions and paneling, door panels, mezzanine flooring, back liners, prefabricated buildings, duct covering, and roofing substrate tiles, as well as wardrobes,...

Visaka Towers

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

Secunderabad,  500003

India

Founded in 1981

1,797 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, Member of CSR Committee and Member of Stakeholders' Relationship Committee
Age: 51
Total Annual Compensation: 6.5M
Chief Financial Officer, Whole-Time Director and Member of Risk Management Committee
Age: 59
Total Annual Compensation: 5.0M
President of Marketing - AC Sheets Division and Whole-Time Director
Age: 57
Total Annual Compensation: 4.0M
Chief Business Strategist, Whole-Time Director and Member of Risk Management Committee
Total Annual Compensation: 2.7M
Assistant Vice President of Corporate Affairs, Compliance Officer and Company Secretary
Total Annual Compensation: 1.8M
Compensation as of Fiscal Year 2016.

Visaka Industries Limited Key Developments

Visaka Industries Limited Approves Alteration of Memorandum and Articles of Association

Visaka Industries Limited announced that the Board of Directors meeting held on October 25, 2016, approved the alteration of Memorandum and Articles of Association of the company.

Visaka Industries Reports Audited Standalone Earnings Results for the Second Quarter and Half Year Ended September 30, 2016

Visaka Industries reported audited standalone earnings results for the second quarter and half year ended September 30, 2016. For the quarter, the company reported net sales of INR 1,953.095 million compared to INR 1,895.773 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 183.232 million compared to INR 56.924 million a year ago. Profit from ordinary activities before tax was INR 153.975 million compared to INR 14.276 million a year ago. Net profit for the period was INR 87.876 million compared to INR 7.812 million a year ago. Basic and diluted earnings per share were INR 5.53 compared to INR 0.49 a year ago. For the half year, the company reported net sales of INR 5,030,088 million compared to INR 5,073.853 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 484.396 million compared to INR 321.039 million a year ago. Profit from ordinary activities before tax was INR 411.708 million compared to INR 236.417 million a year ago. Net profit for the period was INR 254.053 million compared to INR 143.981 million a year ago. Basic and diluted earnings per share were INR 16.00 compared to INR 9.07 a year ago.

Visaka Industries Limited, Q2 2017 Earnings Call, Oct 26, 2016

Visaka Industries Limited, Q2 2017 Earnings Call, Oct 26, 2016

Similar Private Companies By Industry

Company Name Region
Ahlcon Ready Mix Concrete Pvt Ltd. Asia
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Bajrang Marbles Pvt. Ltd. Asia
Bhavya Cements Limited Asia

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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