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Bhandari Hosiery Exports Ltd.

BSE: 512608 Sector: Industrials
NSE: BHANDARI ISIN Code: INE474E01029
BSE 00:00 | 28 May 0.86 -0.03
(-3.37%)
OPEN

0.88

HIGH

0.90

LOW

0.86

NSE 00:00 | 28 May 0.85 -0.05
(-5.56%)
OPEN

0.90

HIGH

0.90

LOW

0.85

OPEN 0.88
PREVIOUS CLOSE 0.89
VOLUME 15482
52-Week high 2.25
52-Week low 0.54
P/E 1.95
Mkt Cap.(Rs cr) 13
Buy Price 0.87
Buy Qty 108.00
Sell Price 0.90
Sell Qty 34854.00
OPEN 0.88
CLOSE 0.89
VOLUME 15482
52-Week high 2.25
52-Week low 0.54
P/E 1.95
Mkt Cap.(Rs cr) 13
Buy Price 0.87
Buy Qty 108.00
Sell Price 0.90
Sell Qty 34854.00

Bhandari Hosiery Exports Ltd. (BHANDARI) - Chairman Speech

Company chairman speech

Dear Shareholders

I have great pleasure in presenting the Twenty Sixth Annual Report and AuditedFinancial Statements for the financial year ended 31st March 2019. The year2018-19 has been a steady growth year. The Indian Textile & Apparel Industry havemaintained a healthy trend during the year 2018-19.

Since last four years our Company has been expanding its capacities and our focus hasbeen enhancement of our product quality along with reduction in Cost with the increasedefficiency. These initiatives have been pursued during the year under review giving ussignificant positive results.

Despite challenging global and domestic scenario the Company recorded a goodperformance in terms of increased turnover and profitability.During the year 2018-19 yourCompany was able to achieve turnover of Rs. 26639.28 Lacs as against Rs. 24834.74 Lacsin the previous year showing an increase of 7.21% over the previous year.The Profitsafter Tax of the Company for the year ended 31.03.2019 has been at Rs.535.54 Lacs asagainst atRs.495.70 Lacs in the previous year showing an increase of 8.03% over theprevious year.

In order to boost growth the Company is undergoing expansion during the currentfinancial year which will further boost our growth. We are also ramping up our Garmentingdivision & will see UPWARD in revenue proportion from the Garmenting Division. Ourdedicated efforts and developed technological skill have enabled us to make captiveconsumption the goal of our Company.

When it comes to the current global scenario with respect to apparel manufacturing itis advantage to India. We are a stable and growing economy with a strong democraticsystem. Compared to many emerging economies our political social and economic factorsare stable. The US- China trade war continue to escalate. In a recent study the CommerceMinistry has identified 203 products including apparels where exports could be increasedto the US. We continue to monitor these developments with respect to our risks andopportunities.

Our success and growth greatly depends on the skills and dedication of our employeesco-operation of our Bankers and other business constituents whom I would like to thankssincerely. I am looking forward to another exciting year ahead.

Finally I take this opportunity to thank all the Company's stakeholders for theirconfidencein Bhandari Hosiery and look forward for their continued support in the years tocome.

Warm Regards

Sd/- NITIN BHANDARI

CHAIRMAN & MG. DIRECTOR