It gives me immense pleasure to write to you.
The financial year that went by has been the most challenging for all of us. The worldexperienced an unprecedented setback in the face of COVID-19 which resulted in the globaleconomy witnessing one of the worst contractions since World War II. The year gone by sawpeople across the world being largely confined to their homes with several travelrestrictions in place. They faced myriad personal and professional challenges perhapsnever before encountered in our lifetime. This obviously had an effect on the economy withthe world officially being plunged into recession
" Despite the initial setbacks during this financial year we concentrated on 'strengthening the core of our business and stay resilient to challenging environment.
- However after five years of exceptional performance the numbers stack up as "follows on standalone and consolidated level basis:
Rs.t in Crores except EPS & Book Value)
|Particulars ||Standalone Basis ||Consolidated Basis |
| ||FY 2016-17 ||FY 2017-18 ||FY 2018-19 ||FY 2019-20 ||FY 2020-21 ||FY 2019-20 ||FY 2020-21 |
|Total Income ||62.83 ||69.72 ||131.40 ||335.91 ||86.01 ||4553.77 ||4075.49 |
|Profit after tax ||0.17 ||0.17 ||1.41 ||1.07 ||0.46 ||27.63 ||33.89 |
|EPS ||0.08 ||0.12 ||1.01 ||0.76 ||0.32 ||19.81 ||24.30 |
|Net worth ||14.62 ||14.79 ||16.21 ||17.10 ||17.41 ||54.68 ||191.90 |
|Book Value per share ||10.48 ||10.61 ||11.62 ||12.26 ||12.49 ||39.20 ||137.56 |
|Non-Controlling Interest ||- ||- ||- ||- ||- ||- ||11.11 |
In furtherance to expand the company's operations in gems and jewellery sector inaddition to acquisitions your Company incorporated a new wholly - owned subsidiary named"Abans Creations Private Limited" on April 16 2020 for strategic operations inmanufacturing activity of products related to precious metals and precious stones. All theacquisitions till date are in line with the management's strategy to create value for allthe stakeholders of the Company and continue to deliver exceptional operationalperformance and build sustainable business.
Alongside our continuous focus on operational performance we continue to be committedtowards building a healthy work environment for our employees adhering to corporategovernance standards in entirety and building internal systems that support transparencyand ethical business conduct and operations.
I am grateful to the Board of Directors and the senior management team for theirunwavering support and guidance in these testing times. I take this opportunity to expressmy gratitude to all our stakeholders who have reposed their trust and faith in us andtheir constant support. I sincerely place on record my word of thanks to you for yourcontinued patronage.
Chairman and Managing Director June 30 2021