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July 02, 2015 7:50 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

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: 50
Total Annual Compensation: $2.4M
Compensation as of Fiscal Year 2014.

Visaka Industries Limited Key Developments

Visaka Industries Limited Appoints J. Pruthvidhar Rao as Whole-Time Director for a Period of Three Years Effective from May 07, 2015

Visaka Industries has announced that the Board of Directors of the Company at its meeting held on May 07, 2015, J. Pruthvidhar Rao who is presently working as President (Marketing-AC Sheets Division) of the Company has been appointed as Whole-time Director for a period of three years effective from May 07, 2015.

Visaka Industries Limited Reports Audited Earnings Results for the Fourth Quarter and Year Ended March 31, 2015

Visaka Industries Limited reported audited earnings results for the fourth quarter and year ended March 31, 2015. For the quarter, the company reported net sales /income from operations of INR 2,817.212 million compared to INR 2,371.136 million a year ago. Profit from operations before other income finance costs and exceptional items were INR 173.693 million compared to INR 108.350 million a year ago. Profit from ordinary activities before tax was INR 104.057 million compared to INR 71.679 million a year ago. Profit from ordinary activities after tax was INR 60.696 million compared to INR 45.012 million a year ago. Net profit for the period was INR 60.696 million compared to INR 45.012 million a year ago. Basic and diluted earnings per share were INR 3.82 compared to INR 2.83 a year ago. For the year, the company reported net sales/income from operations of INR 10,131.013 million compared to INR 8,829.215 million a year ago. Profit from operations before other income finance costs and exceptional items were INR 528.161 million compared to INR 348.357 million a year ago. Profit from ordinary activities before tax was INR 332.097 million compared to INR 187.953 million a year ago. Profit from ordinary activities after tax was INR 212.361 million compared to INR 119.675 million a year ago. Net profit for the period was INR 212.361 million compared to INR 119.675 million a year ago. Basic and diluted profit per share was INR 13.37 compared to INR 7.54 a year ago.

Visaka Industries Limited Recommends Final Dividend

Visaka Industries Ltd. announced that the board of directors of the company at its meeting held on May 07, 2015, has recommended a final dividend of INR 5/- (50%) per equity share of INR 10.

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