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
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

Vietnamese side of the border crossing with Hekou, China. Pic:  Klodien | Dreamstime.com

Textiles | On 27th Nov 2021

Efforts on to boost trade between Chinese & Vietnamese provinces

Trade agencies of Lao Cai province in the northwest region of Vietnam ...

Pic: Shaja | Dreamstime.com

Textiles | On 27th Nov 2021

US’ imports of polyester textured yarn to drop in coming months

The US’ imports of polyester textured yarn of HS code 540233 are...

Pic: Tatiyana Akimova | Dreamstime.com

Textiles | On 27th Nov 2021

Sri Lanka’s textile & garment exports on path to cross $5bn this year

After registering a steep fall of 21 per cent year-on-year to $4.423...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Water stewardship, Stakeholders

Water stewardship

Water use efficiency remains relatively unexplored

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Richard Armitage,

Richard Armitage

Adaptive Control automates, controls and monitors machines, systems and...

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

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


Leave your Comments

November 2021

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

Advanced Search