I thank all of you as you have rested your faith in our potential.
At Brawn our business objectives have always been aligned with the demand and need ofcustomers. We believe in providing best and competitive products in the market. Ourgrowth over the years has been characterized by our ability to innovation and execution.We not only believe in planning preparing and performing but with this we believe inproper execution of plans. Our mission is to seek global market leadership and to strivefor excellence in customer service quality and R & D.
Our Company is engaged in marketing of medicinal and allied health products and has awell- defined marketing network with a staff of over 180 covering major hospitals andinstitutions in India. Our entry into the export market in 2013- 14 resulted in quantumjump in revenues and growth.
Our success in steering the Company through the challenging times has led us to step updividend during financial year 2015-16 and will be announcing higher dividend in furtheryears. This is an expression of our confidence in the health of the Company and itsprospects and reflects our commitment to ensuring shareholders participation in oursuccess. Planning and preparedness across every aspect of our business have borne fruit inthe performance outcomes of Financial Year 2017. We worked and reworked patiently inimproving quality across the industry. We believe that the only way to stay ahead or tocompete in the global market is investing in innovation and people. We are grateful to allour employees for their dedication passion and smart work which helped us to excel and toreach where we are.
INCOME IN 2016-17
In FY 2016 we concurrently are expanding operating and net profit margins due to ourcontinuous focus on improvement:
|Year ||2016-17 ||2015-16 ||GROWTH |
|Net Sales ||5960.58 ||4562.24 ||30.65% |
|EBIDTA ||182.13 ||140.07 ||30.03% |
|EBIDTA Margin ||2.98% ||2.99% ||-0.01% |
|NET PROFIT ||139.24 ||94.97 ||46.61% |
|NET PROFIT MARGIN (%) ||2.28% ||2.03% ||0.25% |
Our Company operates business with highest ethical standards and remain committedtowards achieving profitable growth. The total income of the Company improves in everyyear.
With increase in total income the revenue increased by 29.14% over previous year whilethe EBITDA margin widened to Rs. 182.13 lacs as compared to Rs. 140.07 Lacs in 2015-16.The earning per share grew by 46.37% in 2016-17.
We monitor operating margins and manage costs to ensure the business is cost effective.Also we are ensuring accuracy of financial reporting with effective Internal Controls.
OUR WAY FORWARD
With our technical excellence and expertise in quality assurance the Company isbuilding leadership position in the business. Our aim is to build a tomorrow that all areproud of. We will execute the strategies with the same commitment and passion that we areknown for. Looking forward we expect to overcome short- term challenges and deliverlong-term sustainable growth.
Lastly I thank every member of the Company for their continued support to the Companyand for helping us perform year after year and believe that an interesting and successfulfuture lies ahead of us.
Brij Raj Gupta
Chairman & Managing Director