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Apollo Sindoori Hotels Ltd.

BSE: 532752 Sector: Services
NSE: APOLSINHOT ISIN Code: INE451F01024
BSE 05:30 | 01 Jan Apollo Sindoori Hotels Ltd
NSE 00:00 | 18 Jan 577.85 4.30
(0.75%)
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Apollo Sindoori Hotels Ltd. (APOLSINHOT) - Chairman Speech

Company chairman speech

Dear Shareholders of Apollo Sindoori Family

It gives me an immense pleasure to welcome you at the 21st Annual General Meeting andto place before you the Annual Report of your Company for the financial year 2018-19. I amdelighted to inform that Apollo Sindoori Hotels Limited continued to pursue our focusedstrategy which delivered a sustainable growth and returns for shareholders. We remainedcommitted to our vision to be the most successful organization in the Food ServiceIndustry.

The Annual Report for the year ended 31st March 2019 along with AGM Notice Directors'report and the Audited Financials of the company have already been circulated to you. Withyour permission I take them as read. We have tried our best to show consistentperformance during the years despite increase in raw material prices and minimum wages toemployees.

In a challenging external environment your company performed well and deliveredanother year of consistent competitive and responsible growth. During the year theCompany recorded sales of Rs. 169 crores as compared to previous year which is Rs.140crores. EBITA for 2018-19 Rs.13.46 Crores as compared to Rs. 10.25 Crores for FY 2017-18and There are no Exceptional items in FY 2018-19 as compared to FY 2017-18 which was Rs.80 Lakhs. The PAT during the year at 9.84 Crores during 2018.19 recorded a growth of 40 %as compared to Rs. 7.02 Crores during the previous year. "

Apollo Sindoori Share price performance during FY 2019-20

Business Priorities and Market Capitalisation: -

Our biggest priority during the financial year 2018 -19 was to add more New Non Apolloclients like BM Birla HAL MFL SVP Ahmedabad Kamatchi hospital etc. and bring backprofitability and show significant improvement in our market performance. As a result ofdedicated performance of our team we were able to achieve growth rate of 22% on Revenue.

Having achieved our short term goal of bringing profitability our goal for the FY2019-20 is to show sustainability and increase in business & market performance.Though we had difficult environment of increasing statutory wages which plays a pivotalrole in Hospitality industry we are Targeting Rs 200 crores in Revenue and profit ofRs.20 Crores.

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