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Bedmutha Industries Ltd.

BSE: 533270 Sector: Metals & Mining
NSE: BEDMUTHA ISIN Code: INE844K01012
BSE LIVE 15:40 | 22 Sep 23.60 -0.95
(-3.87%)
OPEN

24.05

HIGH

24.70

LOW

23.45

NSE 15:31 | 22 Sep 23.40 -1.15
(-4.68%)
OPEN

24.00

HIGH

24.50

LOW

23.35

OPEN 24.05
PREVIOUS CLOSE 24.55
VOLUME 5424
52-Week high 50.00
52-Week low 16.60
P/E
Mkt Cap.(Rs cr) 58
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 24.05
CLOSE 24.55
VOLUME 5424
52-Week high 50.00
52-Week low 16.60
P/E
Mkt Cap.(Rs cr) 58
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Bedmutha Industries Ltd. (BEDMUTHA) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me immense pleasure to present the 26th Annual Report of BedmuthaIndustries Limited.

In 2015-16 has been a fortuitously good one for the Indian economy with a sea changein the macroeconomic parameters and a sustainable turnaround on the cards. However stillthe economies of the countries with the highest steel per capita use were struggling andslower economic growths worldwide are being reflected in the results of steel companiesand even the domestic steel sector is not isolated from developments in worldwide markets.

Due to subdued domestic demand and soft demand growth the profitability of steelproducers to remain weak compared to the level in the last financial year. We believe thata significant improvement in steel producers’ profitability will depend on a strongrevival in domestic demand growth still our company managed to improve the top line byfocusing in activities of productivity and market development during the Financial Year2015-16.

We have initiated our product mix of more value adding product line namely wire ropeand the tyre bead to improve the bottom line but due to delayed financing of our termloans which resulted the implementation of the balancing machines and becomes the one ofthe major reasons for under utilization of these value added products and affecting thebottom line.

With the optimistic view of and with good monsoon prediction for this year 2016-17 and2 years in power for the present governments is giving hopes for better growth of theeconomy due to low commodity prices of crude oil prices for whole last year allfinancial parameter are in favour of the government to kick start the economy and in thishope we have started the work for this financial year 2016-17.

I would like to thank to all the stakeholders for showing their full faith on thecompany and its management and also thankful to the Board members for guiding the companyand its policy formation. All the employees the bankers and the customers for theircontinuous patronage and support during the hard time and last but not the least all theshareholders for being invested till date and I promise you that we as management willstrive to add value as we progress.

With Best Regards

K. R. Bedmutha

Chairman

DIN : 01724420