The fiscal year 2021-22 has been another year dominated by COVID -19 and itsconsequential impacts. Following multiple waves of the pandemic when the world felt itwas done with its share of challenges The Russia-Ukraine war drove up commodity pricesweighing on the global supply chain and aggravating inflation.
Talking about the Indian economy with the right set of fiscal and monetary policies aswell as a widespread vaccination coverage India has shown its agility in dealing withchallenges. However it became a subject to external shock when Russia invaded Ukraine.India not different from the world is now threatened with the headwinds fromexacerbating inflation and mounting supply chain disruptions.
On the brighter side having registered the highest GDP growth rate among majoreconomies India has proved its strong position as against other major economies. Even ifthe global headwinds are posing short term threats India with its strong macroeconomicfundamentals is poised to sustain in the long term. Policies like the production linkedincentives Make in India as well as the government's thrust on infrastructure expansionwill produce a strong multiplier effect on jobs and higher productivity all of which willboost the economy.
During the year under review we achieved a Total Income of H 610.58 Crores as againstH 406.45 Crores in the previous financial year. Our EBITDA for the financial year 2021-22stood at H 125.69 Crores at a margin of 20.58%. Our PAT for the financial year 2021-22stood at H 70.60 Crores as compared to the previous year of H 62.66 Crores.
We have maintained a sturdy track record of rewarding our shareholders with a generousdividend pay-out. In view of the strong financial performance during the year underreview we have recommended a dividend of H 4/- per share.
During the year under review despite challenges we were able to achieve healthyprofitability margins. We also successfully completed the launch of new products (i.e.J-Acid/ Tobias Acid). We have commissioned 9.5 MW Solar Power Project out of which 4 MW isbeing used by the Company for self-captive consumption.
Among all our growth strategies diversifying our product profile with the inclusion ofmore specialty chemical products is one of our strategic initiatives that would propel ourgrowth forward. Besides we will also focus on diversifying our geographical presence bygrowing our exports orders.
Moving forward with the rebound in consumer confidence and consumer demand there willbe a rise in consumption demand which will drive the growth of consumption drivenindustries. With the robust demand in both domestic and international market we believewe are well positioned to move forward.
To conclude I would like to express my heartfelt gratitude to our team members fortheir commitment and hard work. I would also like to convey my gratitude to ourshareholders for their confidence in us. We will keep taking efforts to justify your faithin us.
We have continued with our strong growth trajectory and are optimistic in our prospectsfor future growth and cash generation.
|Suresh Bhageria |