Visaka Industries announced that its new V-Boards Unit at Jhanswa Village, Jhajjar Dist., Haryana with an installed annual capacity of 50,000 MTS has been commissioned & is starting commercial production from 11 March 2019.

The company utilised the delay in commencement of commercial production by completing all kinds of trials and established both good quality and rate of production. Necessary arrangements for the marketing like appointment of dealers, acceptance of samples etc. have already been made and the response is very good. We expect the plant would reach 50% capacity utilisation within one month and reach its full capacity progressively in the next few months thereby making up for the delay to a larger extent.

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Net profit of Visaka Industries declined 36.26% to Rs 9.09 crore in the quarter ended December 2018 as against Rs 14.26 crore during the previous quarter ended December 2017. Sales declined 0.79% to Rs 239.93 crore in the quarter ended December 2018 as against Rs 241.84 crore during the previous quarter ended December 2017.

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Visaka Industries will hold a meeting of the Board of Directors of the Company on 8 February 2019.

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Net profit of Visaka Industries declined 1.41% to Rs 13.94 crore in the quarter ended September 2018 as against Rs 14.14 crore during the previous quarter ended September 2017. Sales rose 24.85% to Rs 251.04 crore in the quarter ended September 2018 as against Rs 201.07 crore during the previous quarter ended September 2017.

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