I take this opportunity to address you all through this ADCCs Annual Report forFY16. Your company has once again delivered very positive results and theperformance has been outstanding. With a turnover of `125.86 Cr your company haswitnessed a growth of 27.85% over the last FY far exceeding the industry average.
The Product sales of 21.05%; up from business saw a significant Rs 25.69 Cr to Rs 31.10Cr. Your company received the Global Platinum Club recognition from Autodesk for highestrevenue earnings by a channel partner in India.
The Services segment of your company has also witnessed a commendable 30.33% growth; upfrom Rs 70.03 Cr to `91.26 Cr. One of the significant contributors towards this growth wasby our Water GIS division.
The earnings per share increased from Rs 8.19 as against Rs 7.24 from the previous FY.And continuing our practice of rewarding our shareholders your company have proposed adividend @ 10% i.e. Rs 1.00 per share of `10/- each for the financial year ended 31stMarch 2016. The payment of Such dividend would involve a cash outflow`109.51Lacsincluding dividend distribution tax.
Overall your company has delivered the results and I congratulate each and everystakeholder who has contributed towards this growth. I would also like to express mygratitude to each and every shareholder as well as the Board Members for their support andencouragement.
Place: Nagpur 03rd September 2016