April 20, 2014 11:02 AM 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, accessories, cement asbestos, non asbestos flat sheets, and sandwich panels. 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 also offers V Boards and V Panels, which are used for false ceiling, wall partitions, wall paneling, door panels, mezzanine flooring, and back liners; and in various other interior and furniture, ...

Visaka Towers

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

Secunderabad,  500003

India

Founded in 1981

3,970 Employees

Phone:

91 40 2781 3833

Fax:

91 40 2789 1833

Key Executives for Visaka Industries Limited

Managing Director
Age: 48
Total Annual Compensation: $2.4M
Executive Whole Time Director and Member of Shareholders/Investors Grievances Committee
Age: 64
Total Annual Compensation: $2.7M
Compensation as of Fiscal Year 2013.

Visaka Industries Limited Key Developments

Visaka Industries Limited Reports Calling Off of Strike by Workers of the AC Division - III at Pune

Visaka Industries Ltd. announced that the strike, which was resorted by Workers Union at the company's Asbestos Cement sheet plants situated at Nandur (Village), Daund (Taluk), Pune - 412202. Maharashtra, has been called off on March 01, 2014 and workers and other production associates have resumed regular duties.

Visaka Industries Ltd Announces Commencement of Strike by Workers of Asbestos Cement sheet plants

Visaka Industries Ltd. announced that in one of the company's Asbestos Cement sheet plants situated at Nandur (Village), Daund (Taluk), Pune - 412202, Maharashtra, the workers union has commenced lightning strike with effect from February 18, 2014 from 6.00 P.M. onwards in-spite of ongoing negotiations with them for wage revision.

Visaka Industries Limited Announces Audited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013

Visaka Industries Limited announced audited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported total income from operations of INR 1,879.479 million against INR 2,050.655 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 12.690 million against profit from operations before other income, finance costs and exceptional items of INR 124.570 million a year ago. Loss from ordinary activities before tax was INR 69.328 million against profit from ordinary activities before tax of INR 84.039 million a year ago. Net loss was INR 46.891 million against net profit of INR 56.479 million a year ago. Loss per basic and diluted share (not annualized) were INR 2.95 against earnings per basic and diluted share (not annualized) of INR 3.56 a year ago. For the nine months, the company reported total income from operations of INR 6,540.224 million against INR 6,835.585 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 240.007 million against INR 737. 964 million a year ago. Profit from ordinary activities before tax was INR 116.274 million against INR 666.158 million a year ago. Net profit was INR 74.663 million against INR 449.140 million a year ago. Earnings per basic and diluted share (not annualized) were INR 4.70 against INR 28.28 a year ago.

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