You are here » Home » Companies » Company Overview » Gemini Communication Ltd

Gemini Communication Ltd.

BSE: 532318 Sector: Telecom
NSE: GEMINI ISIN Code: INE878C01033
BSE 00:00 | 12 Apr Gemini Communication Ltd
NSE 05:30 | 01 Jan Gemini Communication Ltd
OPEN 0.19
PREVIOUS CLOSE 0.19
VOLUME 21901
52-Week high 0.34
52-Week low 0.19
P/E
Mkt Cap.(Rs cr) 2
Buy Price 0.20
Buy Qty 2000.00
Sell Price 0.19
Sell Qty 283099.00
OPEN 0.19
CLOSE 0.19
VOLUME 21901
52-Week high 0.34
52-Week low 0.19
P/E
Mkt Cap.(Rs cr) 2
Buy Price 0.20
Buy Qty 2000.00
Sell Price 0.19
Sell Qty 283099.00

Gemini Communication Ltd. (GEMINI) - Chairman Speech

Company chairman speech

Dear Shareholders

Warm Greetings to all of you!

Financial Year 2016 - 2017 has been a difficult one in terms of the operating businessenvironment. Persisting inflationary conditions together with poor market sentiments andinfrastructure bottlenecks hampered short term growth and profitability. The effects ofuncertainties in the rest of the world weighed significantly on investments exchangerates and commodity prices. Liquidity conditions were very tight with persistent hardeningof interest rates.

During financial year 2016 - 2017 the Company registered consolidated revenue of Rs.680.86 lakhs and a Loss before Tax of Rs. 244.05 Lakhs. Earnings per share stood at Rs.(0.20).

The outlook on the Indian telecommunication services continued to remain negative dueto various regulatory issues. Uncertainty in regulations which was the key risk since2012 has now been replaced by increasing costs which has had an impact on many telecomoperators.

As the government has already taken major policy decisions regarding the telecomsector Gemini expects lesser regulatory uncertainty for the sector in the near term.Gemini expects that higher adoption of data services will be the next growth driver fortelcos. As the voice market is maturing telcos will shift their focus on data servicesalong with value-added services.

Increasing demand for high-speed and high capacity data-centric internet access wouldlead to increased adoption of WiMAX and LTE technologies in which PointRed specialises.PointRed is aggressively pursuing market opportunities for its products and services inthe ASEAN countries. PointRed aims to achieve considerable portion of the market share ofthe total wireless networks by next couple of years.

The industry on the main areas of IT Security Cloud computing mobility solutions andvirtualization is growing at an exceptionally high rate. Although the immediate outlookcontinues to be challenging the company is cautiously optimistic about the long termgrowth prospects. Margins are expected to remain under pressure as we continue to focus onproducts and services that are of long term relevance for us even if this is at the costof profitability in the shorter run.

To face the challenges the Company took necessary steps in restructuring businesspriorities and maintained its position as a preferred partner. The Company is wellpositioned as a leaner and focused organization to address the downturn and to achievegrowth. Going forward we firmly believe that we are well placed to capitalize on theopportunities presented.

My sincere thanks to all the shareholders employees bankers auditors clientsvendors and all those who have been with us in the past and continue to support us.

Sincerely Yours

R. Vijaykumar

Chairman & Managing Director