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Advance Metering Technology Ltd.

BSE: 534612 Sector: Engineering
NSE: AMTL ISIN Code: INE436N01029
BSE 00:00 | 18 May 22.30 -0.35
(-1.55%)
OPEN

22.10

HIGH

22.75

LOW

22.00

NSE 05:30 | 01 Jan Advance Metering Technology Ltd
OPEN 22.10
PREVIOUS CLOSE 22.65
VOLUME 4219
52-Week high 42.00
52-Week low 20.45
P/E
Mkt Cap.(Rs cr) 36
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 22.10
CLOSE 22.65
VOLUME 4219
52-Week high 42.00
52-Week low 20.45
P/E
Mkt Cap.(Rs cr) 36
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Advance Metering Technology Ltd. (AMTL) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me great pleasure to share with you an update on the overall performance ofyour Company in 2016-2017. It was yet another year for the global economy characterised bylow growth and geopolitical uncertainties. In India the rural demand continued to besluggish in the early part of the year on the back of two consecutive poor monsoons. Theover all market showed signs of recovery in the latter half of the year but faced atemporary slowdown in November due to demonetisation. The Goods and Service Tax (GST)amendment passed during the year will have a positive impact on the business environmentand the free movement of goods and services will benefit your company.

Looking ahead your Company anticipates many developments in the economic and businessenvironments some of which are local phenomena and some triggered by global trends. TheIndian economy is on the threshold of the next phase of growth through governmentsponsored "Make -In- India" programs and other investment -led strategies.

I am happy to inform that AMTL has over the previous year increased its turnover by28.26% and generated cash profits..

AMTL has widened it's base to provide smart metering solutions to the power anddistribution sectors. The present government has created initiatives schemes like UDAYScheme housing for all smart cities etc. These schemes will throw up huge demand forsmart meters and AMTL is positioned to cater to the needs of the power sector.

Your company continues to strengthen its portfolio of manufacturing of a wide range ofsmart meters current transformers EPC services for energy sustainability lightingsolutions and power management solutions.

The financial year 2016-2017 concluded on a stronger note. We continue to be guided byour principles of continued learning and adaption in improving our operations andoptimizing our assets.

Before I conclude I would like to thank all our stakeholders for partnering us throughthe challenging year. I would also like to thank our employees our biggest strength thathave worked with great dedication and would like to acknowledge their steadfastnessagainst all odds.

Pranav Kumar Ranade
Chairman and Managing Director