You are here » Home » Companies » Company Overview » Gemstone Investments Ltd

Gemstone Investments Ltd.

BSE: 531137 Sector: Financials
NSE: N.A. ISIN Code: INE503D01027
BSE 00:00 | 11 Jul 0.97 0
(0.00%)
OPEN

0.97

HIGH

0.97

LOW

0.97

NSE 05:30 | 01 Jan Gemstone Investments Ltd
OPEN 0.97
PREVIOUS CLOSE 0.97
VOLUME 74
52-Week high 1.40
52-Week low 0.75
P/E 13.86
Mkt Cap.(Rs cr) 7
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 0.97
CLOSE 0.97
VOLUME 74
52-Week high 1.40
52-Week low 0.75
P/E 13.86
Mkt Cap.(Rs cr) 7
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Gemstone Investments Ltd. (GEMSTONEINVEST) - Chairman Speech

Company chairman speech

DEAR SHAREHOLDERS

It is with great pleasure that I present to you Annual Report for the year ended March31 2017. It has been a mixed performance by the Company and recently there has been astructured change in the Board to align it to achieve the long terms goals of the Company.Financial Year 2016-17 was an eventful year with some unexpected developments like theBrexit referendum Donald Trump's victory in the US Presidential elections anddemonetization of high value Indian Currency notes. Consequently the global economicrecovery remained weak with a slowdown in international trade increasing protectionismand heightened levels of uncertainty.

However the Indian economy has shown resilience despite the impact of demonetization.The overall macroeconomic parameters of the country have registered improvement withpolicy support aiding structural strength and efficiency.

The Indian Government has demonstrated a welcome commitment to the reforms agenda andsignaled its intent to stick to fiscal consolidation. Continuing policy and structuralreforms larger than expected benefits from GST a conducive economic environment withreasonably low international energy and commodity prices will aid the growth momentum.

NBFC's are a key component for achieving India's financial inclusion. In terms offinancial assets NBFC's have recorded robust growth with a CAGR of 19% over the precedingfew years. Demonetization did affect the credit cycle for the NBFC sector however theimpact was short lived and it has been business as usual after March 2017.

Going forward the outlook for the NBFC is expected to improve gradually with waningimpact of demonetization and stronger economic growth. The demand for credit will improvewith the expectation of another year of normal monsoon. As for the risks growth in2017-18 can be impacted by increasing competitive pressure from banks and slowdown in somekey asset classes including loan against property (LAP) and microfinance.

I am grateful to all our shareholders and the entire stakeholder fraternity for thesupport extended to the Company through all these years. We are grateful to Reserve Bankof India for having done much to bring about transparency and improve risk governance inthe industry that is now beginning to bear fruit for all industry players. I seek yourcontinued support so that we can sustain and improve upon our performance; and at thesame time fulfill our vision to become a dynamic NBFC.

With Best wishes

Dhara Brahmbhatt

Managing Director