I am very happy to present the 28 Annual Report for the financial year 201920 of JaganLamps Limited. In this year the Company launched first series of Electric Bike under thebrand name NEUTRON". The aim of company to provide cleaner mobility solutionfor general public and hence launches one of the cheapest Electric Bikes in India name as"NEUTRON MAGIC".
Let me now move on your company's performance in financial year 2019-20. It has been aspectacular year of all round performances and achievements. We have achieved record salesand profits once again and we have made significant progress on several initiatives andprojects that we had set out to accomplish this year. Your company has performedadmirably. Allow me to outline the key results:
Total turnover increased by 19.83% to Rs. 2363.01 Lacs.
Profit before Tax (PBT) after exceptional items grew by 78.96% to Rs. 224.13Lacs.
Profit after Tax (PAT) after grew by 75.25% to Rs. 169.51 Lacs.
Let's move on future outlook of the Company in the light of COVID 19 pandemic and theeconomic repercussions that we face globally there will be initial disturbances in supplychain management and aggregate demand reaching normal levels. There is downward sentimentoverall but JAGAN LAMPS is confident of achieving similar growth levels in the comingfinancial year. Our strong brand value and market presence should help us achieve targets.
Lastly we are looking to make our organization learner and more effective and haveutilized team building tools to make the organization more effective and result oriented.We encourage decentralization of decision making and democratize information flow.
I would like to thank each and every stakeholder in the organization most importantlythe company's staff executives and work force for their dedicated services. I would alsolike to thank all my colleagues on the Board for their valuable advice and constantencouragement.
Thank you and Jai Hind.
|ASHISH AGGARWAL |
|Chairman & Managing Director |