As I address you we are in the midst of exceptional and unprecedented times. Covid-19has disrupted lives across the world like never before. We are committed to workingthrough the current environment and our future feels bright and exciting.
It was another challenging year at D-Link (India) Limited. As always we workedrelentlessly to deliver enhanced value to a wide cross section of consumers. The countryhad a challenging business environment with lower GDP growth and a marked slowdown inconsumption resulting in weaker consumer sentiment.
Despite the difficult environment we registered healthy growth in the first threequarters. The lockdown in March 2020 has affected our performance in the last quarter andimpacted the results of the entire financial year. Yet considering the challenges wewere able to deliver good performance and make considerable progress across businesses.
Confronted with the challenges the management team at D-Link India focused onupholding the values of innovation' action' and heritage' and strovehard to maximize returns for its shareholders.
Our growth has always come through product breakthroughs and innovation and the Companyhas always taken the lead by placing users at the core of its development strategy. As aresult D-Link has been repeatedly recognised by industry experts for its innovativestrength in R&D design quality and marketing.
Going ahead D-Link will continue to integrate mydlink services and hardware devices toprovide consumers with a robust and reliable home networking environment and a convenientand comfortable living experience. For enterprise customers D-Link will focus onoptimizing Nuclias cloud technology upgrade solutions to allow service providers andbusinesses to remotely set up and monitor their network infrastructure anytime anywhere.
Being one with the community of which we are a part and playing an active role in itsdevelopment and progress has been an integral part of our philosophy. We are always doingour bit to help the community navigate through these troubled times with contributions toCentral and State Relief Funds support to NGOs and various other initiatives in the areasof education and healthcare.
It is clear that we are facing unprecedented times. However it is also clear that thiswill pass and that the world will recover. It is our responsibility to learn from this andface the future with determination to help make the world a better place for all ofhumanity.
I wish to assure you that your Company has been taking all measures not just tosuccessfully mitigate risks and navigate business but also to take care of its employeesits assets and its stakeholders and customers in a strong and sustainable manner.
In conclusion I would like to emphasize that the management team of D-Link India willcontinue its commitment to sustainable growth and work tirelessly to achieve theperformance goals. I take this opportunity to thank all our shareholders partners andassociates for their unwavering support that provides us the strength to forge ahead inour endeavours. And last but not least I would like to express my sincere thanks to eachand every employee of D-Link India for their outstanding commitment and service to theCompany.