We are pleased to share with you the Annual Report of your Company for the financialyear 2018-19. Your Company has achieved Gross Sales of Rs 48278 Lakhs EBIDTA of Rs 2377Lakhs and Profit After Tax of Rs 656 Lakhs during the year. The Basic Earnings per EquityShare was Rs 4.61. During the year your Company has sold 23950 metric tons of goods. Wehave constantly challenged ourselves to deliver more and set new benchmarks in theIndustry.
I would like to share that the Conductor business got matured during the year whichwas started during the third quarter of financial year 2017-18. The Company started supplyto MP Gujarat and Punjab State Electricity Board Companies. It has helped completediversification of businesses to three sectors viz; Steel Sector Automobile Sector andPower Sector. The Company aims to grow further in each of the sector going forward. Duringthe year Export sales of your Company has grown to Rs 4000 Lakhs in compare to Rs 2465Lakhs during the previous financial year 2017-18. The Company has added more qualityexport customers to its portfolio. The Company currently exports to Japan Middle East andSouth Africa.
Although overall performance of the Company in compare to previous financial year2017-18 was down. However the Cored Wire Conductor & Cables and Ferro Alloysbusinesses has performed very well in compare to the previous financial year 2017-18.
The Conductors business has shown growth of 249% in sales in compare to previous year.Cored Wire business has shown growth of 101% in sales and 86% growth in volume in compareto previous year. Ferro Alloys business which was started during March 2017 has performedwell during 2018-19. Ferro Alloys business has shown growth of 77% in sales in compare toprevious year. During the year the Company has completed successful installation andcommissioning of third plant of Cored Wire and second plant of Ferro Alloys to meetincreased customer demand. We constantly learn as we develop and never stop movingforward to improve our operations.
The benefits of volume growth from invested capital yet to reach their full potentialcoupled with favourable demand-supply dynamics we believe that the Company has thepotential to deliver better.
During the year our teams have consistently worked beyond their comfort zone to improvethe performance and achieve the vision. We continuously strengthened our manufacturingprocesses optimized costs reduced waste minimized environmental hazards and valuecreation to our customers. At Arfin we understand the importance and criticality of theproducts being supplied to Steel Automobile and Power Sectors. Our focus is now on ourknowledge expertise and resources to ensure that we continue to meet customer needs anddeliver the best possible products to them.
The Non-Ferrous Metal industry is the foundation of any economy especially indeveloping countries whose material intensity is likely to increase significantly in thefuture for infrastructure development and growth in manufacturing sector. India certainlyis the one such economy that is poised to grow significantly over the next decade onaccount of various infrastructure initiatives taken by current Central Government. Anefficient non-ferrous metal industry is a pre requisite for India to succeed in itsindustrial vision for Make in India. Despite the market fluctuations andchallenges we have achieved reasonably good results. This has been largely due to idealcost management focus on efficiency improvement productivity and customer centricity.Your Company is committed to give back to the stakeholders who play a vital role inpowering our growth.
I would like to assure you that all our employees are working extremely hard with greatdedication high energy and strong commitment for your Company. I sincerely thank themall. I would also like to thank all our stakeholders for reposing their faith in us andthanks to our regulators for their constant support and guidance.
I also express my thanks to all fellow Directors for their invaluable contributionthrough their guidance and encouragement which have been momentous for the success of theCompany. Finally I thank each and every shareholder large and small for your supportand trust.
I must end with optimism that your Company continues to do things better and doing sointends to enhance value for all its stakeholders in a sustainable way.
Mahendra R. Shah