I wish everybody good health and safety. The whole world is going through unprecedentedchallenging times. At the start of the year 2020 nobody imagined that the world would bea different place to live in three months. With the onset of the COVID-19 Pandemic waysof living have changed and we are still searching the right way ahead. But we are alldetermined to overcome these testing times and continue to create value for ourshareholders.
The Company started FY 20-21 with an Order Book of 2x FY20 which could have been betterbut for reduced bidding activity for road projects at the Centre.
Today when we are looking at deep recession and having gone through the initial lockdown phase for controlling the Pandemic the Government is looking forward to unlockingthe economy and what better thrust to the economy than by continuing government spendingthrough infra sector. The budget also continued to emphasise on road infra and accordinglythe company is prepared to take up new projects in the ensuing biddings.
In the year gone by the company achieved Commercial Operations Date of its first HAMproject of Kharar Ludhiana. We could also bag new HAM projects of value Rs.2035.50 Croretaking the total to 11 HAM projects in our portfolio. The Company stands at an order bookof Rs.8981 Crore at the end of this financial year which includes Roads BridgesRailways Power T&D etc.
The company's revenue increased marginally by 5% since the revenue was affected due tooutbreak of COVID- 19 and lockdown in last 10 days of March 2020. However in spite of thesame the Company earned a robust profit after tax of Rs.387.14 Crore with an increase inPAT by 35.28% Y-o-Y.
The Company is committed to face squarely the challenges brought by nature and performoutstandingly. It will continue to seek support from its shareholders and otherstakeholders like lenders and vendors.
I thank the Board members the Stakeholders including the Shareholders Private EquityPartners Lenders including EXIM Bank Ministry of Surface Road Transport and Highways National Highway Authority of India and other State Road Development Corporations /Boards State Power Generation and Distribution Authorities Vendors and Employees for allthe support and participation in helping us pursue our growth path.
With best wishes