Visaka Industries profit slips to Rs 23 crore in Q1
Visaka Industries has posted a lower profit of ₹23.07 crore during the first quarter ended June 30, against a profit of ₹30.33 crore in the corresponding quarter of the previous fiscal. The company logged total income of ₹354.31 crore (₹352.59 crore).
Vamsi Gaddam, Joint Managing Director, Visaka Industries, said, “Our expansion plans are on track with the ₹100-crore Vnext board plant that will be commissioned in Tamil Nadu increasing our capacity to 2,20,000 mt.”
Work on the fourth Vnext boards plant near Coimbatore has commenced and is expected to go on stream by FY2021.
