In the years to come 2016-17 will be remembered as a pivotal year in the growth journeyof Bodal. A year that has helped us built a platform to take the company to level-nextgrowth. While we have consolidated our position as one of the faster growing dyestuffcompanies in India we now aspire to emerge as a globally recognized one.
Among our many laurels one of the key aspects that separate us from our peers is ourintegrated business model. We are the most integrated dyestuff company in the countrytoday from bulk chemicals and dye intermediates to dyestuff with bulk chemicals and dyeintermediates being produced in-house for captive use as well as for direct sales. Westaffed with dye intermediates graduating to a backward and forward integrated businessmodel with our ever-widening product portfolio.
As the dyestuff industry evolves we too have adapted to the changing consumer andindustry needs. With stringent effluent treatment norms in place we proactively investedRS. 400 million to set up the country's largest ETP plant in our dyes and Dyeintermediates industry space. Our eco-friendly business model has further strengthened ourlong-term business with global MNCs making us a preferred supplier on a global platform.As other countries are regulating their dyestuff industry with mandatory norms for wastetreatment it eliminates their domestic companies' ability to dump the goods to globalcompanies. This level-playing field of competitive pricing only adds to our advantage toexpand our market share globally with quality conscious products and solutions.
These changing dynamics make a strong case in point for Bodal. Our philosophy ofready for the next phase' is relevant in true context as we strive to achieveambitious targets. Our acquisition of SPS Processors with a 70% stake has helped us expandour dye intermediates capacity up to 7200 TPA. An equity buy-out this acquisition alsohelps us expand our presence in domestic market. SPS' locational advantage in the north atcrossroads of four states strengthens our competitive position expanding the foundationfor future success.
Our joint venture with Trion is yet another strategic investment to expand our productportfolio. With specialty chemicals gaining prominence this venture further enriches ourpresence in dyes and chemicals industry. Our plant at Khambat Gujarat has an annualcapacity of 12000MT for TCCA has staffed a new line of business at group level.
In addition we continue to make high-quality products with a number of variantsacross our three business divisions. We have invested in new plant and technologies to beer our quality benchmarks produce more efficiently and further reduce the impact onenvironment. Our captive power and steam generation adds to our cost competitivenessadding to our margin growth. The result of these operational achievements was visibleduring the consolidated year under review as we registered 35% growth in revenues to RS.12431.27 million (from RS. 9218.66 million in previous year)EBITDA to H 2374.77 million(from RS. 1685.15 million in previous year) (with EBITDA margins of 19.2% and 18.5%respectively) and grew profit aer tax by 49.5% to RS. 1285.84 million (against RS.859.87 Million in previous year). We continue to make sustained investments for ourcapacity expansion and keep a comfortable debt profile. Our debt-equity ratio for the yearwas low at 0.42 with a healthy interest coverage ratio of 24. Our financial achievementsand health underpin our long-term vision and strategies.
Our people form an integral part of our growth journey. We continue to engage activelywith our employees with training and motivation that helps them perform consistently todeliver greater efficiencies. We also put a strong focus on health and safety aspectsconducting proper training and mock drills to ensure that the team is vigilant and agilefor any unforeseen circumstances.
While we march ahead towards our business goals we also make conscious efforts towardsmaking active contributions to society and environment. Our regular contributions andinitiatives towards upliing several people in various aspects are our humbleendeavor to make our world a be er place.
I am thankful to the Board of Directors for their continued support and guidancetowards taking the Company ahead. I would also like to place on record our appreciationtowards our bankers suppliers and customers for their continued trust in us and buildingan enriching association.
Bodal Chemicals is an Indian Company serving customers in India and across the world.We are keenly promoting the Make in India' philosophy with our enriched productportfolio. We are determined to continue to grow in the next phase' of our corporatejourney and emerge as an even stronger and customer-focused company deliveringperformance that ma ers to all stakeholders.
Suresh J. Patel
Chief Executive Officer
Chairman & Managing Director