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Visaka’s recent results indicate that the company has made solid progress on market positioning and cost-control initiatives
Visaka has delivered stupendous returns from March on the back of a resilient business performance in H1 and an euphoric stock market rally
The performance of business has benefitted from the stabilisation in industrial demand post the introduction of Goods and Services Tax last year.
The company is setting up a new board plant with a capacity by 50,000 tons. The same is expected to come on-stream by Q2 FY19. The management expects the new plant to touch full capacity utilisation by FY20.
In an interview with CNBC-TV18, G Vamsi Krishna, Joint Managing Director of Visaka Industries spoke about the results and his outlook for the company.