From the Management's desk
We take great pleasure to address you as we look forward to a year with renewed hopeand optimism.
As we look back at the year gone by we find a sense of satisfaction and success in ourperformance. We were able to keep up our core philosophy making meaningful progressin every aspect of our business. We believe that progress at Amara Raja is not astrategy or a KRA it is rather the organisational DNA. Progress comes to us naturally.
At Amara Raja 2019 -20 has been a year of great achievements.
From the financial perspective we vaulted out of the Rs.700-730-crore profitabilityband after 3-4 years with a 20% leap on our pre-tax profit which stood at Rs.840 crore on31 March 2020.
From the business perspective our automotive division secured approvals from two largetwo-wheeler OEs operating in India. The benefits will accrue in the current year. Theindustrial division even as we completed the world's largest lead-acid energy storagesystem in Africa bagged the contract for supplying lithium ion packs for the largestsingle site lithium ion installation in India by a leading telecom player.
Technology leadership has been our hallmark since inception.
This niche edge has powered the Company to redefine the domestic storage battery marketby introducing globally benchmarked products. In 2019-20 we took giant strides instrengthening our technology repository.
Plates are at the heart of the functioning of a battery. Plate making at Amara Raja hasprogressed from workhorse gravity casting to continuous plate making. And now we arereadying to launch the advanced stamped grid technology.
Our teams worked with subject-matter experts from Clarios (erstwhile Johnson ControlsInternational plc). Commissioning of new manufacturing lines are under progress. We arealso undertaking an extensive fleet-testing programme to assess the performance of thebattery in Indian vehicle application. Our new products will hit the market shortly.
Our industrial division also contoured an innovative technology-driven shift from products to solutions. We have successfully entered the telecom tower managementspace with the deployment of the Intelligent Telecom Monitoring System at cellphonetowers a product of our R&D work in IoT. This solution allows us to monitor towerperformance across every parameter in diverse environments real time on handhelddevices.
This achievement has the promise to open a sustainable and growing revenue vertical forthe Company. It surely is an exciting prospect.
From the sustainability perspective we have put up a 9.25-MW solar rooftopinstallation at our operating unit which is one of the largest industrial rooftopinstallations in India. Another 8.4-MW installation should be operational this year.
We are ready for the future confident capable and placed firmly. Progress onindeed.
Dr. Ramachandra N Galla