VISA Steel Reports Strong Q1 Performance with 27.3% Revenue Growth and Return to Profitability
VISA Steel Limited reported strong Q1 results with total income from operations at ₹1,718.51 crore, up 27.3% year-on-year. The company posted a net profit of ₹43.22 crore, compared to a loss of ₹69.14 crore in the same period last year. Profit before tax improved to ₹5.22 crore from a loss of ₹69.14 crore. Despite operational improvements, the company's balance sheet shows accumulated losses with negative other equity of ₹14,766.18 crore.
11Jul 25
Visa Steel Faces Operational Challenges as Odisha Pollution Control Board Refuses to Renew Consent
Visa Steel received a notice from the Odisha State Pollution Control Board (SPCB) refusing to renew its Consent to Operate. The company has disclosed this information to stock exchanges and is preparing a response and action plan in consultation with its legal team and consultants. Visa Steel claims to have been continuously improving its pollution control and environment management systems. The refusal could potentially disrupt operations, impact finances, and lead to increased regulatory scrutiny. The company is working on addressing the SPCB's concerns to secure the necessary operating consent.