It gives me immense pleasure to present the 20thAnnual Report of your company for the year ended March 31 2019.
Over its' journey of two decades the company has managed to achieve several milestoneswhile creating new benchmarks for its competitors.
From the humble beginning of just one store in 1999 to the aggressive initiation ofexpansion plan which started in 2006 & then getting listed in Bombay Stock Exchange in2016 and the opening of 39th showroom in the year 2019 Company has come a long way butstill has miles to go.
I am very happy to share with you my thoughts on the performance and prospects of yourCompany.
During the year under review the Company has earned gross revenue of Rs. 691 crorethrough sale against 536 crore in the previous year and net revenue of Rs. 563 croreagainst 444 crore in the previous year registering a growth of 27% YOY on net sales basis.EBITDA also grew by 1.73% to 3.08% with a growth of 78% as compared to last year and inabsolute terms 126.39% to 17.41 crore in current year from 7.69 crore in previous year.Your Company's net pro_it after tax jumped by 108% to Rs. 5.76 crore from Rs. 2.78 crorein the previous year. Same Store Sales growth had been a very healthy i.e. 19.50%.
Further I am happy to announce that Board of Directors has decided to declare a maidendividend of 5.1% on the face value of Rs. 10/- per share amounting to outgo of Rs.7196355/-.
Highlights of our financial performance during the year 2018-19.
O Gross Revenue of Rs. 691 crore and Net Revenue of Rs. 563 crore O EBITDA of Rs. 17.41crore O Net Pro it of Rs. 5.76 crore O Earnings per Share (EPS) of Rs. 4.09 O Number ofShowroom: 40 (As on date) O Same Store sales growth 19.50% O Number of Districts coveredin Bihar: 27
During the financial year 2018-19 Company opened showrooms at various towns such as inGaya (2nd Showroom in Gaya) Sasaram Sitamarhi Anisabad. Zip Ara. Zip Chapra SagunaMore (Patna) Gopalganj Munger Lakhisarai Muza arpur (2nd Showroom in Muza arpur) andBoring Road. Zip (Patna) taking the number of showroom to 40 till date. Further Companyproposes to open more showrooms in this financial year and work is in progress at KatiharMadhubani and Buxar.
On behalf of the entire Board of Directors and the management team I would like tothank you for your continued support and encouragement. The dedication and commitment ofthe employees and of_icers at all levels continues to be the major strength for thecompany. We shall make continuous the orts to build on the strengths to face futurechallenges and sustain the momentum for pro_itable growth.
|Yashovardhan Sinha |
|Managing Director |