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Dynemic Products Ltd.

BSE: 532707 Sector: Industrials
NSE: DYNPRO ISIN Code: INE256H01015
BSE 00:00 | 18 Jan 121.45 0.50
(0.41%)
OPEN

122.95

HIGH

122.95

LOW

117.30

NSE 00:00 | 18 Jan 122.75 2.30
(1.91%)
OPEN

118.70

HIGH

123.00

LOW

116.50

OPEN 122.95
PREVIOUS CLOSE 120.95
VOLUME 2486
52-Week high 235.90
52-Week low 117.30
P/E 7.79
Mkt Cap.(Rs cr) 138
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 122.95
CLOSE 120.95
VOLUME 2486
52-Week high 235.90
52-Week low 117.30
P/E 7.79
Mkt Cap.(Rs cr) 138
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Dynemic Products Ltd. (DYNPRO) - Chairman Speech

Company chairman speech

DEAR MEMBERS

It gives me great pleasure to share with you an update on the overall performance ofyour Company.

In a challenging external environment your Company performed well and deliveredanother year of consistent competitive growth. We achieved a sales turnover of Rs. 126crores comprising Rs. 41 crores in the domestic market and Rs. 85 crores in exports.Comparing to previous year the turnover had marginally increased but net profits are lowby 20%. The impact is due to violate market conditions in Europe and America rising costsand strict pollution norms. However in current year we had received permission from GPCBto discard the waste water through ETL and we are hopeful by doing so our cost willdecrease in the current year.

This year the Board of Directors had declared interim dividend in March 2016 of Rs.1.50 per share. The Board has recommended nil Final Dividend forthe year ended March312016.

As far as year 2016-17 is concerned your Management is hopeful for the market tochange looking to quarter 1 results wherein though the sale had decreased by 3% from Rs.32.05 crores to Rs. 30.94 crores the net profit had increased by 32% from Rs. 2.25 croresto Rs. 2.97 crores comparing quarter 1 results with preceding year same period.

Finally On behalf of Board and the Management team I thank all shareholderscustomers vendors bankers insurance companies consultants advisors and our employeesfor their continued support and assure them of our sustained best efforts to achieve thedesired results.

BhagwandasK. Patel
Managing Director