Over the past seven decades HIL has evolved as a company focused on realisingopportunities in the $126 billion Indian building material industry. Over time HIL haslearnt to continuously innovate its product offerings leverage technological advancementsand be prepared to accommodate the changing needs of our customers and keep pace with avery dynamic business scenario. The consistent growth of our building materials businessis a testament to HIL's resilience and ability to continuously reinvent itself and adaptto the challenges posed by a rapidly evolving business environment.
It's my pleasure to share with you that amidst several headwinds FY2019 has proved tobe another good year. HIL has not only embraced new tools techniques and opportunitieswithout compromising on customer satisfaction and employee engagement. This has enabledHIL to grow and deliver strong performance on many fronts including achieving recordrevenues and profit in the past financial year.
With the acquisition of Parador the German flooring company HIL commenced its globaljourney towards becoming a one-stop shop for all Building Material needs._ Amidst variousaccolades_your MD & CEO Dhirup Roy Choudhary was recognised by the Economic Timeswith "The Most Promising Business Leader of Asia Award" in 2018._
As a company HIL is dedicated to endorsing and upholding the highest standards ofgovernance and have adopted and implemented appropriate structures and policies to ensurethe same. I strongly believe that these robust values and practices will continue to driveHIL's sustainable growth and make an impact to the societal growth at large.
Moving forward I am confident that we will continue to uphold this spirit breakrecords and continue to instil confidence among our stakeholders. HIL enjoys a strongpresence in the industry and is capable of becoming a market leader and trendsetter inthis dynamic market. The energy spirit and adaptive approach we've brought augmented bythe resolute commitment and efficiency of our employees and channel partners willcertainly help us maintain our leadership position and grow our global presence in comingyears.
Thank you to all of you our shareholders for your trust and confidence in HIL. Yoursupport goes a long way in inspiring us to deliver business excellence and a strongfinancial performance.