It is my pleasure and privilege to present the Annual Report of your Company for theFinancial Year 2015-2016. In order to maintain a good financial health of your companythe management has taken a decision to write off the bad debts to the tune of Rs. 9.55crores during this current financial year 2015-16. All these bad debts have been writtenoff conforming to the ICAI Standards. However your company is trying very hard to recoversuch old bad debts.
During the financial year 2015-16 the EPS has improved from Rs. 0.67 per share to Rs.0.97 per share which is an increase of approximately 45%. Consolidated revenue figureshave also improved marginally i.e. from Rs. 56.06 crores to Rs. 59.30 crores. LikewiseEBITA margin has also increased by approximately 0.73%.
Even though the Financial Year 2015-16 has remained a year full of challenges yet yourcompany has maintained the momentum and has clocked a growth of around 5.78% on revenuefront and continued to generate positive cash flows and profitability. Maintaining thetrack record of continuous dividend payment the Board of Directors has recommended adividend of Rs. Ten Paise per share for the F.Y.-2015-16 which amounts to Rs. 79.12Lakhs.
Let me accept sincerely that we could not reap the benefits of Digital India Campaignin the year gone by. But I promise that we will try our level best during the comingFinancial Year 2016-17 to leverage every business opportunity so that your company scalesnew heights in the coming year.
We also propose to venture into timely cash generating projects like renewable energysector consumption based projects and projects related to Digital India & SkillIndia.
On behalf of my management team I assure you that we will put in our best efforts toensure the continuous success of your company.
I am thankful to all our stakeholders financiers customers vendors staff membersCentral and State Government Administrators BSE NSE CSE for directly and indirectlyextending their continued support and encouragement.
With Warm Regards
Surendra Kumar Surana
Managing Director and CEO