It gives me pleasure in presenting to you the 32nd Annual Report of theCompany and thanking you for your continued support and goodwill that is critical to thesuccess of your Company. I on behalf of the India Steel Board of Directors would now liketo highlight some key aspects of the year under review:
Revenue generated during the FY 2018-19 of Rs. 55.757.06 lakhs the same in last yearwas Rs. 99682.86
Lakhs so EBITDA has fallen to Rs. 1880.11 Lakhs.
Net worth of the Company has reduced to Rs. 17410.60 lakhs from Rs. 18001.26 lakhs inF.Y. 2017-18 to due to loss suffered by the Company for the year ended 31stMarch 2019.
We believe that in staying true to our motto of "Inner Vision. Global Action"we will maintain our relationships with all our stakeholders grow continuously and matchthe worlds best in stainless steel having a perfect combination of Dedication Aimand Route Map.
While our Management team & employees took significant initiatives to improve theoperating performance market challenges offset the benefits of internal improvementefforts leading to significant profit erosion. Our in house testing labs are equipped withworld class testing equipment and our quality control team works independently toguarantee that there is no compromise on the quality of steel that we deliver.
Finally I would like to take this opportunity to thank you as the shareholders of theCompany for your support & motivation to the Company during the year. I would alsolike to thank the lenders customers suppliers various national & provincialgovernments with whom we have been working further shall appreciate the employeesworkers and Unions of India Steel group Companies who have stood by the Company & Ilook forward to their continuous dedication and support in the future.
Sudhir H. Gupta MD