It gives me immense pleasure to share with you an update on theperformance of the Company for the financial year 2018-19.
There is no doubt that the business environment has been challenging inthe last financial year. Let me share with you the operating environment and the headwindsthe Company faced in a highly competitive market. The year started off on a positive note.The first half of FY 2018-19 was in fact good. However there were sudden and strongheadwinds in the second half.
During the year under review your company has achieved total revenueon standalone basis stands at Rs 7374.28 Lakhs (previous year Rs 7813.21 Lakhs)operational revenue of the Company is reduced by 5.62% over the previous year on accountof general slowdown in the economy. Profit Before Tax and Total comprehensive income forthe period after tax stands as Rs 415.30 Lakhs and Rs 296.92 Lakhs as against Rs 599.66Lakhs & Rs 421.91 Lakhs in the previous year. On Consolidated Level total revenue ofthe Company is Rs 12077.21 Lakhs against Rs 13215.67 Lakhs in the previous year. ProfitBefore Tax and Total comprehensive income for the period after tax stands to Rs 784.34Lakhs and Rs 566.24 Lakhs against Rs 985.82 Lakhs & Rs 706.23 Lakhs in the previousyear.
The uncertainty in the overall business environment has continued inthe current financial year as well. The conclusion of the general elections by re-electingthe same government should hopefully provide political stability. There have been certainpathbreaking policies such as GST RERA and ambitious programmes such as affordablehousing that hold significant promise for healthy growth of the building products industryover the medium term. Going forward I am confident of your Company's abilities andcompetence to scout for opportunities amidst this volatility and drive the businessforward with focus and determination.
The company is clear on its focus to be a One Point Solution for ourcustomers for all their Building Interior & Furnishing requirements. To that end itis constantly increasing product offerings and creating depth in the existing productcategories to create an engaging shopping experience for customers.
I would like to thank all the employees led by its management team fortheir outstanding performance unflinching dedication commitment and contribution tostrengthening the Company. We are looking forward to continuing on our mission ofgenerating sustainable value for our stakeholders. I would like to express my gratitude toall our stakeholders for their continuing faith in the Company. It is your trust andcommitment that enables our progress and encourages us to strive for excellence.
I would like to place on record my sincere appreciation to the Board ofDirectors for their valuable guidance and support. I and my colleagues on Board place onrecord our appreciation for support and guidance received from the Government StockExchange banks financial institutions and other regulatory authorities.