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Bombay Rayon Fashions Ltd.

BSE: 532678 Sector: Industrials
NSE: BRFL ISIN Code: INE589G01011
BSE LIVE 15:41 | 08 Dec 146.85 4.00
(2.80%)
OPEN

143.00

HIGH

148.90

LOW

143.00

NSE LIVE 15:42 | 08 Dec 146.35 3.35
(2.34%)
OPEN

144.95

HIGH

146.90

LOW

143.10

OPEN 143.00
PREVIOUS CLOSE 142.85
VOLUME 1949
52-Week high 198.00
52-Week low 129.00
P/E 62.49
Mkt Cap.(Rs cr) 2687.36
Buy Price 0.00
Buy Qty 0.00
Sell Price 146.85
Sell Qty 2653.00
OPEN 143.00
CLOSE 142.85
VOLUME 1949
52-Week high 198.00
52-Week low 129.00
P/E 62.49
Mkt Cap.(Rs cr) 2687.36
Buy Price 0.00
Buy Qty 0.00
Sell Price 146.85
Sell Qty 2653.00

Bombay Rayon Fashions Ltd. (BRFL) - Chairman Speech

Company chairman speech

BOMBAY RAYON FASHIONS LIMITED ANNUAL REPORT 2011-2012 CHAIRMAN'S REPORT Dear Shareholders, It is always a pleasure to connect with you annually and share with you the progress and prospects of your Company. The year 2012 was a challenging year caused by uncertain global macro- economic situation, particularly the (greek debt-repayment crisis. Within the country, inflation remained the key cause of worry, impacting off input costs and putting margins under tremendous pressure. The textile industry too was affected by this overall sense of uncertainty that fed to a slowdown in growth, which in turn, impacted demand. In the ready-made garment, India continues to enjoy advantages of raw material availability, particularly cotton and other fibres, and labour. There is a tremendous scope for ready-made garment segment to garner forger share of the global market, where India is stiff a relatively low player with around 3.5%. Countries like Japan, South Korea, Australia, South merica and Latin America are very promising. To caplitalise on this opportunity, the industry needs to make significant investments across the value chain. At 'Bombay Hayon 'fashions Limited, we have been driving consolidation by integrating the entire textile value chain : from fibre to fabric to fashion to future. Integrating of resources and capabilities, of strengths and skiffs, of vision and venture is critical and crucial for a sustained competitive advantage in the emerging textile space, fashion cycles are getting shorter and' this is putting immense pressure on global labels and brand's to source from vertically integrated p foyers who have in-house capability to deliver end-to-end solutions. We delivered a steady and satisfactory performance for FY 2012, thanks largely due to the power of integration. Our Net Sales increased to Rs. 2,734.96 cr. for the current year, as against Rs.2,254.84 cr. in the previous year, an increase of over 21%. Our EBITD increased tot 746.40 cr. for the current year, as against Rs.564.36 cr. in the previous year, an increase of over 32%. Our TBITD margin also improved to 27.29% for the current year from 25.04% in the previous year. Our Met Profit for the year was Rs. 206.51 cr. against Rs. 226.69 cr. for the previous year. This marginal decline was due to higher finance cost and depreciation. In FY2013, we plan to capitalise on all our existing facilities by consolidation. We are confident that as the largest vertically integrated textile company in the country, we will continue to achieve impressive gains both in terms of new geographies as well as higher operational efficiencies, and continue to deliver outstanding value to our stakeholders. I thank aft our customers, suppliers, bankers, investors, and fast but not the feast, all our employees at 'Bombay 'Rayon fashions Limited who continue to achieve stellar results. Sincerely Janardan Agrawal Chairman

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