It has recorded Rs 682.81 crore revenue for the financial year ended March 2008 as against Rs 537.93 crore in the previous year. Visa Steel's net profit for the financial year ended March 2008 increased by 110 per cent to Rs 43.15 crore from Rs 20.52 crore an year ago.
Vishal Agarwal, managing director, Visa Steel, said, " The growth in revenues and profit for FY07-08 have been driven by better realisation in prodducts like pig iron, coke and ferro chrome combined with higher volume growth in the coke and ferro chrome operations."