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Associated Alcohols & Breweries Ltd.

BSE: 507526 Sector: Consumer
NSE: ASALCBR ISIN Code: INE073G01016
BSE 00:00 | 19 Jan 521.20 -9.00
(-1.70%)
OPEN

526.30

HIGH

537.70

LOW

513.55

NSE 00:00 | 19 Jan 520.80 -9.90
(-1.87%)
OPEN

527.05

HIGH

537.70

LOW

513.15

OPEN 526.30
PREVIOUS CLOSE 530.20
VOLUME 6507
52-Week high 653.35
52-Week low 298.00
P/E 14.62
Mkt Cap.(Rs cr) 942
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 526.30
CLOSE 530.20
VOLUME 6507
52-Week high 653.35
52-Week low 298.00
P/E 14.62
Mkt Cap.(Rs cr) 942
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Associated Alcohols & Breweries Ltd. (ASALCBR) - Chairman Speech

Company chairman speech

LETTER TO SHAREHOLDERS

 

Dear shareholder

The year 2020-21 was challenging for each one of us. The COVID-19 pandemic had asignificant impact on lives livelihood and businesses. It disrupted several lives anddealt a blow to the economic health of the nation. Operational challenges mounted due torestricted movements and disrupted supply lines during the first two months of the lastfinancial year. As the second wave of the pandemic unfolds and with predictions of a thirdwave in the offing our focus continues to be on our people's health & safetyensuring uninterrupted supplies meeting demand caring for the communities in which weoperate and protecting our business model.

Our performance during the year gone by demonstrates our ability to adapt to change andour responsibility towards each stakeholder. Amidst trying times we delivered robustresults even when the economy witnessed a massive slowdown. We maintained our status asmarket leaders due to the resilient efforts of our team to consistently produce qualityproducts.

As compared to FY20 our FY21 revenue from operations reduced from H535 Crore to H453Crore while our Net Profit increased from H49 Crore to H58 Crore. The rise in profit canbe attributed to favorable raw material prices increased realisations and betternegotiations related to extra neutral alcohol (ENA). The sales in Q1 were affected most asApril and May 2020 were marked by a complete lockdown. Q2 saw normal momentum even as ourplant went through a voluntary shut down for seven days as a precautionary measure due torising Covid cases. In Q3 the company achieved its highest ever quarter sales; the plantreached 100% capacity utilisation with the company commencing sales of IMFL products inUttar Pradesh. Finally in spite of sluggish demand the company was able to match itssales in Q4. A focus on cost control and working capital management remained a priorityduring the financial year.

At the end of the financial year the company embarked on a much-awaited expansion cumdiversification where it will be possible for the new capacity to be used to manufactureand sell ethanol to oil producing and marketing companies apart from liquor products. Weare committed to our core focus in delivering value-added products and expanding our basewidening our geographical presence.

I would like to take this opportunity to express my gratitude to our Board ofDirectors the management team and all our employees for their commitment and dedicationto our organisation especially during this unprecedented crisis. Most importantly Iwould like to thank our shareholders customers and suppliers for the overwhelming trustsupport and confidence.

Looking ahead we remain confident and committed in carrying forward toward our legacyand fulfil our obligations resulting in a better future for our people and communities.

Stay safe stay healthy Warm regards

Tushar Bhandari

Whole Time Director

.