I have great pleasure in sharing with you the highlights of another year of greatachievements.
It is my great pleasure that I share with you our signature milestones and highlightsfor the year ended 31st March 2020. We are heartened to report that Dynemic continued todeliver robust financial numbers and highly commendable margins. Despite the recessionaryperiod in the market and the Covid Pandemic the Company has continued to deliver bothoperationally and financially. It is my indeed belief that we have emerged stronger and inbetter competitive shape than ever.
For the 12 months ended 31st March 2020 the Company turned in after tax profit of Rs.2413 Lacs on the back of approximately Rs.18227 Lacs. These compared with profit after taxand revenue of Rs. 1796 Lacs and Rs. 16661 Lacs in the preceding 12-month period. Theincrease in profit after tax was recorded high by 34% if compared with previous year.
Our current growth could be attributed to the core factors:-
Strict adherence to International Quality Norms.
Unrelenting passion for service.
Commitment to delivery schedule.
Deep concern for the environment.
Competitive and attractive prices.
Moving in parallel with revenue growth overall expenses grew by 7% in comparison tolast year. Earnings per share stood at Rs. 21.06 compared to Rs. 15.68 in the earlierperiod. The earning per share grew by Rs. 5.38.
This year the Board of Directors had declared interim dividend in March 2020 of Rs.1.50 per share. The Board has recommended nil Final Dividend for the year ended March312020.
As far as year 2020-21 is concerned Quarter 1 results Net Profit are high by 28% ifcompared with previous year same period and looking to the overall market situation yourManagement is expecting to close the financial year on positive note.
Due to Covid Pandemic Dahej project has delayed but now things are getting normal andwe are expecting to start commercials latest by April 2021.
I would like to take this opportunity to express my gratitude to the Board ofDirectors Bankers Employees Suppliers and the Shareholders for their unstinted supportand the confidence reposed on us.
Bhagwandas K. Patel
"Believe you can and you're halfway there."
- Theodore Roosevelt.