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D P Wires Ltd.

BSE: 535012 Sector: Metals & Mining
NSE: DPWIRES ISIN Code: INE864X01013
BSE 05:30 | 01 Jan D P Wires Ltd
NSE 00:00 | 19 Feb 85.90 2.40
(2.87%)
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D P Wires Ltd. (DPWIRES) - Chairman Speech

Company chairman speech

Dear Shareholders

It is my pleasure to present you the highlights of our Company's performance for thefinancial year ended March 31 2018. We experienced a year of continued momentum withstability growth and positive developments across our Company the most significant beingpreparations for our listing on the Emerge Platform of NSE. We grew in revenue andlaunched new technology segments. Our momentum heading into Financial Year 2019 is evenmore exciting. We have a strong team of senior leaders who demonstrate total commitmentto growth innovation and collaboration in creating delightness for our clients. We atDP WIRES Ltd have embarked on this journey into the new Digital Age at an exciting andpromising time for us to shape the future of LRPC Strand Wires Geomambrane Plastic FilmSheet Spring Steel Wires and Galvanised Steel Wires. Backed by your support we willcontinue to create excellence for our clients across the globe. At this juncture as anewly listed company we look back at our nearly two decade long journey with immensesense of achievement. We started as a small privately run outlet from a small office inRatlam (M.P.) and grew at a steady pace crossing many milestones during this period.

In Financial Year 2018 our dedication to create customized technology solutionsenabled us to continue our streak of successful business years. The focus of the Companyis to continue to deliver value to our clients; to add value to business partners; givecareer & growth opportunities to our team members and grow profitability acrossbusinesses ultimately leading to maximization of shareholder value & return.

SUCCESSFUL INITIAL PUBLIC OFFER: I am pleased to inform you that the Initial PublicOffer (IPO) of the Company was a resounding success. The Company entered the CapitalMarket with its Initial Public Offer (IPO) of 3584000 equity shares of Face Value of Rs.10/- each issued at a premium of Rs. 65/- per Share. DP WIRES Limited shares were listedon SME Platform of National Stock Exchange of India Ltd. (NSE) i.e. NSE Emerge w.e.f.October 5 2017.

BUSINESS PERFORMANCE: The consolidated financial performance for the 12 months endedMarch 31 2018 is as follows:

Total revenue from operations at Rs. 20831 Lakhs for the year ended March 31 2018 asagainst Rs. 19683 Lakhs for the corresponding previous period

PBT of Rs. 1493 Lakhs for the year ended March 31 2018 as against Rs. 703 Lakhs forthe corresponding previous period

EPS of Rs. 8.28/- for a face value of Rs. 10/- per share

FUTURE PLANS: Going forward we are focusing on a client centric growth strategytargeting larger account sizes and growing our customer base. Profitable growth in newgeographies is another important part of our strategy. Our customer centric strategy willlead to a strong performance at a consolidated level and our value added service offeringswill distinguish DP WIRES Ltd. in a competitive marketplace. We begin FY 2018-19 feelinginspired excited and purposeful. We have innovative and varied service offerings thatstrengthen one another talented people at every level of the organization a strategythat is working towards enhancing value a commitment to diversity and inclusion and aculture with heart and integrity at its core. Your trust is what drives us! We are lookingforward to the next stage of our shared success. Human capital remains the core of oursuccess and we have continued and will continue to invest considerable efforts in thisdirection. We have a great dedicated team and it is an honor to work with them. Theirhard work is not only gratifying but critical for us to accomplish what we and ourshareholders aim to achieve. I am grateful to our wonderful team customers employee andshareholders and R.M suppliers for supporting us and joining us on this incredible journeygoing forward.

Thank You
For DP WIRES Limited
Sd/-
PRAVEEN KATARIA
Chairman & Managing Director