In the year under review we saw a growth of 41.49% in revenue from operations to J6673.14 crore from Rs 4716.39 crore in the previous fiscal year. We recorded a healthyEBIDTA of Rs. 413.78 crore in 2018-19 registering a growth of 19.37% YoY from J346.64 crore in 2017-18.
It gives me great pleasure to share with you all your Company's performance for theyear 2018-19. However before moving on to a discussion regarding the same I would liketo remember Anant Bajaj our Managing Director who passed away on 10th August 2018 a dayafter the last Annual General Meeting.
The always had his vision set firmly on the future and over his two decades of serviceto the Company introduced many transformative changes that helped grow your Company.
The fiscal 2018-19 posed a challenging operating environment for the Indian economymarked by rising inflation interest rate hike muted investments slower growth inagricultural sector and weak consumption in rural areas. While these factors might havedampened the overall growth but your Company presented a strong set of financial andoperational performance. This evidences the robustness of our strategy and the soundnessof our business model.
In the year under review we saw a growth of 41.49% in revenue from operations to (Rs. ) 6673.14 crore from (Rs. ) 4716.39 crore in the previous fiscal year. Werecorded a healthy EBIDTA of (Rs. ) 413.78 crore in 2018-19 registering a growth of19.37% YoY from (Rs. ) 346.64 crore in 2017-18. (Rs. )owever our EBIDTAmargins reduced by 115 bps to 6.20% from 7.35%. PAT grew by 99.79% from (Rs. ) 83.62crore (PAT margin of 1.77%) in 2017-18 to (Rs. ) 167.07 crore (PAT margin of 2.50%)in 2018-19. Earnings per share for 2018-19 increased to (Rs. ) 16.34 from (Rs. ) 8.23 a year ago
We consistently delivered industry-beating growth in our Consumer Products businessdespite the challenging business environment. The growth was achieved through ourconsistent focus on growing our distribution reach through RREP (Range & ReachExpansion Programme).
Our EPC segment including illumination accounted for 58.92% share in the totalrevenue. The key driver of this segment was the execution of power distribution projectsreceived from the Government of Uttar Pradesh (UP) which enabled us to increase ourtopline by 41.49% over the previous year's. Through this project we were able to provideelectricity across households in many villages that had never received electricity. Thishas been an extremely ambitious project with very aggressive timelines.
I am confident that this electrification across erstwhile dark pockets of our countrywill provide a boost to rural demand for our lighting fans and other products. But moreimportantly for me this project is truly transformative as it is literally lighting upthe lives of a large section of our countrymen who have lived without access toelectricity. I personally visited some of the villages and it was extremely touching tosee the joy on the faces of people experiencing electricity for the first time.
During the year under review we undertook organisational consolidation in theillumination business wherein we merged the erstwhile businesses of luminaires andillumination to bring in greater synergies. The same is expected to stabilise in theensuing fiscal and continue its growth trajectory.
It was a milestone year for the exports segment where we recorded a turnover of H 91.70crore in 2018-19 and we received our first ever international order for the EPC businessin Africa. We also opened new offices in Zambia and Kenya which are expected to augmentthe revenue from exports further. We have been successful in establishing our presence in17 new countries and as of 31st March 2019 we are exporting our products to over 40countries. Our key exporting markets include Sri Lanka Middle East and Africa. This yearwe started exporting Morphy Richards products to SAARC countries.
To deepen our product portfolio we acquired majority stake in Nirlep AppliancesPrivate Limited a well-known leader in non-stick cookware. This acquisition adds a strongbrand to our portfolio provides complementary product additions to our offerings and alsoa robust manufacturing facility.
Through sustainable operations we strive to fulfill our long-term economic goalswithout neglecting the environmental and social factors. We focus on improving the qualityof life of the community in which we operate through our various Corporate SocialResponsibility (CSR) activities. We take pride in our reputation as a responsible groupand as corporate citizens. All our employees are encouraged to play a strong role infurthering our various CSR initiatives.
As we enter into 2019-20 we are confident that we will continue to drive strong andhealthy growth. In the consumer products segment the focus will be on innovating new andvalue added products by leveraging the strength of our R&D facility continuing toenhance the distribution reach of our products sharpening our brand positioning andincreasing our share of voice and ensuring best in industry consumer care network andservices.
In the EPC segment our approach going forward encompasses a strong focus on tightenedand improved execution of the projects and building smarter processes and control systems.We are committed to establishing a clear margin-driven and benchmarked business model thatoptimises our risk-rewards.
On the organisational front as you may be aware post the demise of our ManagingDirector Anant Bajaj we have inducted new leadership our erstwhile IndependentDirector Anuj Poddar came aboard in full-time capacity as the Executive Directoreffective 1st November 2018. I am happy to inform you that your Company has undergone aseamless transition to ensure stability and continued growth.
I would also like to take the opportunity to express my deepest gratitude to our entiremanagement team employees and business associates for their commitment and contributiontowards the Company in the past year without which your Company's continued growth wouldnot have been possible. Further I would like to thank my colleagues on the Board fortheir guidance in helping to position the Company for long-term progress. Last but not theleast I would like to extend my gratitude to our loyal shareholders for their support.
At Bajaj Electricals we remain committed to driving our growth trajectory positivelyenhancing our margins and institutionalising our organisation for a sustainable future.
Chairman & Managing Director