Comments
Visaka Industries Ltd has more than tripled its net profits for the quarter ended September 30 at Rs 9 crore compared with Rs 2.16 crore in the corresponding quarter of last year.
The turnover during the quarter under review stood at Rs 19.39 crore against Rs 14.96 crore in the comparative quarter, recording a growth of 30 per cent.
The Hyderabad-based company, which is into asbestos cement, boards and spinning has declared a second interim dividend of Rs 1 (10 per cent) per share of Rs 10 each.
In a press release the company said work on the proposed board’s unit at Pune, which is being set up at a cost of Rs 68 crore is in progress.
Land has been acquired, civil contract awarded and orders for major part of plant and machinery have been placed.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.