Home / Knowledge / News / Textiles / First quarter bodes well for Visaka Industries
First quarter bodes well for Visaka Industries
Jul '09
Mr Vallinath, CFO, Visaka Industries Ltd
Mr Vallinath, CFO, Visaka Industries Ltd
Visaka Industries Ltd, headquatered in Andhra Pradesh-India, the multi interest Group of companies engaged into manufacturing of cement asbestos and textile yarn, declared its first quarter results on Monday 20 July this week.

The Company has posted positive trend both in topline and bottomline figures this quarter. In the backdrop of continued fight with recessionary upshots and the start of slow recovery period from this economic havoc what all were the determinants that led the company to this satisfactory performance? How has the sops offered in the recent budget worked in the benefit of the company? etc.. were some of the issues that our News team put up before Mr Vallinath, the CFO of the company, a chartered accountant and cost accountant who has been with the company for the last 21 years and involved in the growth of the company from being a single unit with 9 crores turnover to multi-location, multi-division company worth Rs 600 crores turnover.

Mr Vallinath, also a member of the finance and taxation panel of CII, AP Chapter, speaking exclusively with fibre2fashion team shares his opinions as below.The excerpts;

F2F: How would you like to comment on your company's First Quarter performance of this year?
Mr Vallinath: The first quarter performance is very good. The company has done well both in it cement asbestos and spinning businesses.

F2F: Netsales show growth by 10% compared to same quarter of FY08-09. What all are the reasons behind this?
Mr Vallinath: The reasons for the growth of net sales are;
a. increased prices in the cement asbestos business
b. increased realizations in the domestic market for the spinning business.

F2F: Growth trend can also be seen in operating profit margins, can you please let us know the factors that led the growth?
Mr Vallinath: Operating profit margins have increased due to improvement of realizations in both the businesses. Rural demand is picking up in cement asbestos. We could add new customers and better fabric segments to whom we could sell at better prices in spinning business.

F2F: Please apprise us with your company's order book status?
Mr Vallinath: The order book position is comfortable. We don't have much stocks and the stock levels are at reasonable levels of about 20 days sales. The order book is adequate to sell the monthly production.

F2F: Any plans on anvil that you may wish to share as strategic activities for this year?
Mr Vallinath: Cost reductions, improvement of process efficiencies is a constant effort. In addition development of new markets overseas, adding new customers and segments in domestic market, and maintaining remunerative prices are some of the initiatives planned for the current year which should help us sustain the performance.

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search