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VISAKA Industries Ltd. Q4FY22 Results- highest ever annual operating revenues of 1416 crores, growth of 23.5%

 Q4FY22 standalone revenue jumped 19% YoY stood at ₹421 crore as compared to 354 crores in Q4FY21

* Standalone EBIDTA for Q4FY22 is 55 crore and EBIDTA margin is 13%

* Standalone PBT in Q4FY22 is ₹41 crore, PBT margin 10%

* Standalone PAT for Q4FY22 is ₹30 crore and PAT margin is 7%

Hyderabad, 9^th May 2022: Visaka Industries Limited, India’s leading sustainable, cost-effective building materials solution provider engaged in the manufacturing of cement asbestos roofing products, eco-friendly fibre cement boards, integrated solar roofs, and recycled yarns announced its audited financial results for the fourth quarter of FY22.

Standalone Financial Highlights:

Board of directors of the company have recommended final dividend of Rs. 8 per share (80%). This together with interim dividend paid of Rs. 7. The total dividend for FY22 is 15 Rs. (150%).

Commenting on the Company’s performance, Mr. Vamsi G. Krishna, the Joint Managing Director said,

"Our stellar performance in Q4FY22 demonstrates the efforts and commitment of our team to consistently deliver and achieve major milestones in India and overseas by successfully commissioning numerous projects despite the multiple waves of COVID-19. Consequent to significant opening of the economic activity in the country, the demand for the company’s product has improved. During this FY22, we inaugurated a new Asbestos Cement division (ACD) at Raebareli unit in Uttar Pradesh (setting up additional line with a capacity of 1.00 lakh MTPA). The new division has been commenced from May 05, 2022. We had also set up a V Board manufacturing unit at Udumalpet in Tamilnadu state during the year and the unit commenced commercial production on 1^st January 2022. We have observed strong demand for sustainable building materials all over the country which will boost demand for eco-friendly infrastructure and recycled yarn. Visaka group has deployed 251 charging stations across the country. The Textile segment has shown remarkable recovery and made highest segment profit of Rs.44 crores for the Year 21-22. Initiatives taken by the government of India towards sustainability and green energy will create plethora of opportunities for our Company. We shall use this opportunity to introduce innovative Make in India products, tap newer geographies and connect with new customers. We are working on designing products both for Indian and foreign markets. Our focus for FY23 will be to engage with India’s growth agenda, propelled by constant indigenous product innovation leveraging our strengths in R&D and new product development.” 

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