I would like to express my gratitude to every shareholder who has been with us in ourjourney together. Your company has successfully completed ONE YEAR of listing on the SMEplatform of Bombay Stock Exchange. It gives me immense pleasure and pride to share withyou the performance of your company in the financial year 2020-21.
During the financial year 2020-21 the Company evolved to be sustainability strongerdespite being the world being hit by a global pandemic. In the financial year 2020-21 theCompany reported revenues of Rs 2466.12 Lakhs EBITDA stood at
Rs 314.49 Lakhs and Net profit after tax was reported at Rs 126.44 Lakhs The resilientfinancial performance even in a subdued economic environment is a reflection of the trustand faith we enjoy from our customers and vendors; and our business model.
In the current scenario logistics sector in India plays a crucial role in terms ofsupport to the national economy. Strong growth in the sector is supported by governmentreforms transportation sector development plans growing retail sales and ecommerce. Withimplementation of Goods and Services Tax (GST) India has now become one big single marketwhich was otherwise divided by different state level regulations. This has helpedcompanies reduce logistics cost through redesigning of supply chain increase scale ofoperations achieve greater economies of scale.
Indian government has also presented a draft of the National Logistics Policy with theobjective of creating a national logistics e-marketplace for exporters and importersthereby reducing the cost of logistics and increasing employment opportunities in thesector. A Multimodal Logistics Park Policy is also being formulated to promote movement ofgoods for domestic as well as global trade.
Logistics has now become an integral part of the value chain operations. With digitalinnovations and better offerings the sector's growth can be further augmented byinitiatives from the government such as rationalization of taxes for warehousing push fordigitization and focus on creating a skilled workforce for logistics and supply chain.Furthermore the reduction in corporate taxes will also support the businesses during theoverall economic slowdown.
We at DJML continue to cater to the evolving Logistics needs through our customeroriented and agile business model that offers integrated value-added services andleverage technology for efficiency gains.
The future is more challenging than ever before. Your Company has put in place measuresto mitigate the challenging situation by ensuring business continuity resourceoptimization improving cost efficiencies enhancing service quality and investing intechnology enabled solutions to drive business growth and provide a seamless experiencefor all stakeholders (customers and employees). In pursuit of becoming future ready weare building an agile and nimble organization that can withstand economic headwinds andmaintain sustainable profitability on the basis of a strong foundation. Accordingly yourcompany undertook a right sizing exercise to provide long term value creation forstakeholders. Your Company added a new branch office in Goa added a new Record ManagementCentre in Bhiwandi in order to meet up its growing business needs.
Your Company enacted procedures to protect its employees customers and communitiesas their safety is paramount. DJML utilized remote-work capabilities to stay connected andensured to keep the trade engine running. It was a proud moment to work with the Indian
Government and private healthcare companies supporting the company's mission to ensurecontinuity of the essential supply chain' for the nation in its _ght against theCOVID-19 pandemic. DJML has been certified to global ISO 9001-2015 ISO 27001 and CMMIlevel 3 standards. Your company endeavors not only to comply with statutory requirementsbut also follow the principles of good and effective Corporate Governance that lay down astrong emphasis on integrity transparency and overall corporate accountability I wouldlike to take this opportunity to reiterate that your Company stands united with the nationduring this challenging phase of COVID-19. Your Company played an active role in thenation's _ght against the COVID-19 Pandemic by transporting essential supplies incoordination with the with the Indian Government and private healthcare companies.
The pandemic is leading to paradigm shifts in the business landscape in India andacross the world. It is also creating new opportunities for digitally enable customercentric organizations. We have always focused on our customers and we are reafirming ourcommitment to transformation through innovation and entrepreneurship as we embrace change.In spite of the challenges the prospects for the logistics sector seem bright. Accordingto a recently published report Post COVID-19 the global logistics market size isprojected to grow from USD 2734 billion in 2020 to USD 3215 billion by 2021 at a Y-0-Yof 17.6%.
In India too developments such as the proposed roll-out of the National LogisticsPolicy (NLP) a single window a-logistics market leading to the integrated development ofIndian logistics will help reduce logistics cost for end users and offer exponentialopportunities for growth to organized logistics players. We continue to expand ourwarehousing footprint. With the rising demand for e-commerce we see potential in thelogistics parks business and would continue to monetize our assets. In the current crisistimes logistics can emerge as the backbone of the economy thus strengthening othersectors of the economy. The importance of logistics sector in the economic development ofIndia has never been more compelling. A strong logistics sector can go a long way ineconomic revival and boosting India's quest for being a manufacturing leader. In FY 2022we expect to see substantial changes and progress across key growth drivers of thelogistics in India. We believe that technology adoption is likely to accelerate and createnew opportunities in the transportation warehousing and Logistics segments. Looking atthe big picture logistics industry has come a long way and is expected to keep asignificant upturn in the performance. DJML is confident about its growth strategystaying firmly focused on our unique value proposition consolidating partnershiparrangement with vendors and growing our client base to deliver robust growth and createlong-term value for all stakeholders.
I am proud of our team which stood strong against all adversities and remainedcommitted to protecting shareholder value and delivered another year of stellar businessperformance.
On behalf of the entire DJ Team I express my sincere thanks to all our stakeholdersfor their wholehearted support in our journey to achieving business excellence. I amconfident that with the strength of our core capabilities and a dynamic team ofprofessionals your company is well-positioned for a great journey ahead.
|Warm Regards |
|Dinesh Kotian |
|Founder and Managing Director |