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Focus Lighting & Fixtures Ltd.

BSE: 538416 Sector: Engineering
NSE: FOCUS ISIN Code: INE593W01010
BSE 05:30 | 01 Jan Focus Lighting & Fixtures Ltd
NSE 00:00 | 24 Sep 20.00 0
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Focus Lighting & Fixtures Ltd. (FOCUS) - Chairman Speech

Company chairman speech

Dear Shareholders

I am happy to report back to you on yet another year of strong performance. Our focusremains on fostering the long-term growth potential of the Company. Looking back on2018-19 I'm very pleased with the commitment to creating value for our customers thatI've seen across our businesses and with the progress of our simplification and costreduction actions.

With more than 2 years of listing on NSE Emerge A SME Growth Platform our performancehas affirmed our strategic choices. From a trading company before listing now your companyhad become a manufacturing and trading company. Now our focus is on accelerated executionwhich will be the key indicator of our overall performance.

The financial year 2018-19 was a good year with an overall turnaround in Turnover andprofit. Your Company's consolidated turnover has increased to Rs. 12175.18 Lacs in2018-19 from Rs. 9263.04 Lacs in the year 2017-18 and Net Profit also went up to Rs.975.57 Lacs this financial year as compared to Rs. 596.12 Lacs in the previous financialyear.

The LED lighting industry has grown over the past decade and only continues to spur atrapid rate hereon flowing to its numerous benefits over the older technology. Increasingadoption of LED lighting is being witnessed across commercial and residential sectorsgovernment projects upcoming smart building projects etc. We are looking forward toextend our span to capture housing/non-commercial sectors as well.

General business tempo is very positive and is expected to give us added revenue andprofits. We are also planning to increase share in the international markets through ouroverseas subsidiaries.

I would like to thank our entire team at Focus Lighting And Fixtures Limited for theirgreat work and dedication throughout the year. I would also like to express my gratitudeto you and all the stakeholders for the trust and faith that you have reposed in us. As wemove into another exciting year we continue to seek your support. We remain steadfast toour consumer-focussed philosophy to accelerate our momentum and deliver success for allour stakeholders while balancing our responsibility to society.

- Amit Sheth

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