7Thas been a prosperous year for your Company and it holds special significance as itstrengthens our ability to deliver value to the shareholders. I am ecstatic to share withyou the Annual Report for the financial year ended 31st March 2018. Hard workfocus culture and ethics remain to be the pedestal for Indo Thai and will do in future aswell. Your Company ensures that sustainability is coded at the center of its corebusiness. We also believe that ongoing investments in research and development marketingand advertising is critical to the development and rendering of services.
In terms of our markets growth was led by Continental Europe which grew 19.1% inconstant currency UK whichgrew 8.6% Latin America which grew 7.8% and India which grew6.9%. Inflation by and large has remained in check. The World Bank in its 'GlobalEconomic Prospects' Report has apprised that it expects that growth in India will pick upto 7.3 percent in 2018- 19 andto 7.5percent a year in the medium term. Strong privateconsumption and services are expected to continue to support economic activity.
The beginning of financial year 2017-18 was a splendid happening for equity markets asBSE Sensex closed above the 30000-mark and Nifty hit an all-time high in April 2017largely driven by liquidity following likely continuity in economic policies governmentreforms improvement in corporate earnings and also the positive global environment.
However during the year the Indian economy witnessed radical changes fromintroduction of Goods and Services Tax (GST) regime to colossal frauds in banking sectorleading to a downfall in the securities market as a whole. Indo Thai too has made a goof its position in the capital market in fiscal year. This year your Company's shareprice reached a new high of Rs. 127.80 and Rs. 128.50 on NSE and BSE respectively. Weundertook market making of the Initial Public Offer (IPO) of InfoBeans TechnologiesLimited and S.S. Infrastructure Development Consultants Limited on NSE Emerge. S.S.Infrastructure Development Consultants Limited's IPO received a remarkable oversubscription of 11 times the issue size. Indo Thai was also recently awarded by DSPBlackrock in Mumbai for its exceptional performance in advising clients on debt fundsamong all advisors in tier-2 cities.
The fiscal 2017-18 results are detailed in this Annual report elucidating the growthmade by your Company. Our revenue is Rs. 52.77 Crores showing a growth of 19.58% comparedto previous year revenue of Rs. 44.13 Crores. Our Profit after Tax (PAT) is Rs. 8.94Crores compared to previous year PAT of Rs. 3.00 Crores. The net worth of your Companyhas increased to Rs. 53.90 Crores in the financial year 2017-18 in comparison with Rs.44.95 Crores in the financial year 2016-17.
Among the several segments that your Company deals in it has achieved a turnover ofRs. 6595.04 Crores in Equities Broking Segment (NSE & BSE) Rs. 10061.68 Crores inF&O Segment (NSE) and Rs. 145.87 Crores in Currency Segment (NSE).
AUM under Mutual Fund Distributorship Business of your Company has increased from Rs.29.90 Crores in financial
year 2016-17 to Rs. 100 Crores in financial year 2017-18. Total number of folios underCompany's Mutual Fund Distributorship Business was 2076 in financial year 201617 and infinancial year 2017-18 it increased by 3940 and reached to a total of 6016 folios.
Your Company has planned to expand its horizons and diversify its operations evenfurther this year. We in keeping with the manoeuvre of our team of experts areproceeding towards distribution of other financial products such as market making of SMEIPOsThird Party Distributorship in NCD Broking FDs FMPs Bonds etc. We are alsoproviding Margin Trading Facility (MTF) for NSE to our clients. Moreover we are movingforward with the transfer of membership in MCX and NCDEX from Indo Thai CommoditiesPrivate Limited (Associate Company of Indo Thai Securities Limited) to your Companythereby leading to new spheres to excel in.
At Indo Thai we are of the opinion that Human Resource is the fuel that keeps acompany running and have therefore always focused on increasing the quality andsatisfaction of employees to achieve better results. It is a matter of pride to work withsuch an eminent workforce that adapts and keeps pace with the dynamism of the IndianCapital Market and other related factors.
Your Board strongly advocates the fact that the growth of a company is backed by thesuccor of its Shareholders and keeping the same in cognizance your Board is jubilant torecommend a final dividend @10% being Re. 1/- per equity share of Rs. 10/- each for thefinancial year ended 31st March 2018.
To conclude with I would like to convey my heartfelt appreciation towards all theshareholders clients directors employees bankers auditors and all the stakeholdersfor their continued belief support and confidence in the Company. I thank you foraccompanying us on the elating journey ahead. We endeavor to build more capabilities inorder to ensure that we expand our relevance to our stakeholders.
| ||With Warm Regards |
|Date : 23rd July 2018 ||Parasmal Doshi |
|Place : Indore ||(Chairman cum Whole Time Director cum CFO) |