VISA Steel Limited (VISA Steel) is an emerging integrated Special and Stainless Steel Company with captive mineral resources and power which currently manufactures products such as Pig Iron, Lam Coke, Ferro Chrome, Sponge Iron and generates Power. VISA Steel is setting up an integrated 500,000 TPA Special and Stainless Steel complex at Kalinganagar, Orissa of which it has already commissioned facilities of Pig Iron, Coke Oven, Ferro Chrome, Sponge Iron and Power.
Announced its results for the quarter and year ended 31 March 2009.
FY2009 Financial Performance (compared with FY2008)
- Revenues improve 52.4% to Rs. 10,404.6 million from Rs. 6,828.1 million.
- Manufacturing revenues grow 181.5% to Rs. 10,050.9 million versus Rs.3,570.4 million.
- PBIDT excluding exceptional item at Rs. 815.5 million from Rs. 939.3 million.
- Operating profits excluding exceptional item in the manufacturing segment at Rs. 755.5 million versus Rs. 794.5 million.
- PAT at Rs. (668.14) million versus a PAT of Rs. 431.5 million.
Q4 FY2009 Financial Performance (compared with Q4 FY2008)
- Revenues increase 11.8% to Rs. 2,903.8 million versus Rs. 2,596.6 million due to volume growth in spite of drop in prices.
- Revenues from manufacturing segment increase 70.9% to Rs. 2,825.8 million from Rs. 1,653.8 million.
- PBIDT at Rs. (1,195.1) million compared to Rs. 442.6 million.
- PAT stands at Rs. (1,106.8) million versus Rs. 209.9 million.
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