You are here » Home » Companies » Company Overview » Subros Ltd

Subros Ltd.

BSE: 517168 Sector: Auto
NSE: SUBROS ISIN Code: INE287B01021
BSE LIVE 15:40 | 23 Aug 216.25 -1.50
(-0.69%)
OPEN

219.90

HIGH

222.50

LOW

213.25

NSE 15:49 | 23 Aug 217.05 -3.00
(-1.36%)
OPEN

230.00

HIGH

230.00

LOW

215.50

OPEN 219.90
PREVIOUS CLOSE 217.75
VOLUME 18653
52-Week high 271.95
52-Week low 99.25
P/E 24.35
Mkt Cap.(Rs cr) 1,298
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 219.90
CLOSE 217.75
VOLUME 18653
52-Week high 271.95
52-Week low 99.25
P/E 24.35
Mkt Cap.(Rs cr) 1,298
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Subros Ltd. (SUBROS) - Chairman Speech

Company chairman speech

Dear Shareholders

Warm greetings to the Subros family!

It gives me great pleasure to share with you that FY 15-16 was a significant milestoneyear for us as we completed 30 years of making your drive comfortable with auto airconditioners.

Worldwide the automotive industry has been enjoying a period of relatively stronggrowth and profitability and annual sales have reached pre-recession levels in someregions. Yet there remains considerable uncertainty about the future.

The most immediate challenge is the unevenness of global markets. Auto industry expertsare optimistic about the U.S. market however the outlook in Europe and Russia is muchweaker. Growth in China the world's largest vehicle market has slowed down even thoughinvestments by most original equipment manufacturers (OEMs) forecasting a surge in futuredemand continue to ramp up.

Over the years we have witnessed plenty upward surges and downward slumps in the Indianmarket too. The Indian Automotive market's performance has seen a fair amount ofvolatility. This year too market witnessed ups and downs either from competition orgovernment plans or recalls by OEMs but the beneficiary of all situations has been thecustomer.

It has probably been the most eventful year for the automotive industry in India.Reacting strategically to these demand shifts will be an absolute priority for industryleaders in 2016-17.

At Subros over the years we have imbibed the good practices of Denso and MarutiSuzuki. Your Company has envisioned projects and made investments keeping the strong"Make in India" agenda in mind.

In absolute terms your Company stands tall with over 10 million happy customers tilldate no mean feat. Our consolidated sales increased by 11% to INR 1480 crore in FY15-16translating to USD 227 Million. Our operating EBITDA for 2015-16 grew by 12.14% and thePBT and PAT increased by 29.65% and 18.1%.

Looking back with pride I take this opportunity to thank every one of you who havedirectly and indirectly contributed to our momentous achievement. Our shareholders havealways supported us and I am sure that we will continue to win your trust in the future.

I am thankful to our customers our partners Denso Corporation and Suzuki MotorCorporation and our bankers for their support and confidence in us.

Thank you

Ramesh Suri

Chairman