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Kapston Facilities Management Ltd.

BSE: 535064 Sector: Others
NSE: KAPSTON ISIN Code: INE542Z01010
BSE 05:30 | 01 Jan Kapston Facilities Management Ltd
NSE 15:02 | 22 Sep 86.75 -0.25
(-0.29%)
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Kapston Facilities Management Ltd. (KAPSTON) - Chairman Speech

Company chairman speech

Dear Shareholders

Our continued growth in FY19 on all key indicators is proof not only of our strong anddiverse portfolio but also the strong brand equity of Kapston in our existing markets. Ourgrowth rate is higher than the FMS industry growth. From Rs. 5 crore in FY10 our revenuehas crossed Rs. 148 crore in FY19 with a CAGR of over 40%.

I am delighted to report that FY19 was yet another record year for our company acrosskey financial metrics including revenue EBIDTA and PAT. Our year on year revenue growthof 24% remains higher than the facility management services sector growth in India. Duringthe year we also reduced our financial costs. Our Debt to Equity ratio has remainedconstant at around 1 while ROE & ROCE have sustained at the 25% and 30% levelsrespectively. We managed our working capital more efficiently by reducing high cost debtsresulting in increased PBT.

I am confident that the impending macro-economic challenges and looming slowdown willhave minimal or nil impact on our industry in the near term. While we can expect costcutting measures by organisations overall the FMS sector will continue to grow asit’s a key enabler of organisational efficiency improvement. Our diverse serviceportfolio across multiple industry segments such as Retail Hospitality Hospital Banks& FIs IT-ITES helps us in mitigating the segment related systematic risks. However weare not complacent and we will continue to deploy our operational and financial agility toovercome the challenges.

We continue to set benchmarks in our approach to governance and social responsibility.We strictly comply with all security market guidelines and adhere to all industrystandards related to our operations. Social responsibility is inherent in our businessmodel as we train and employ unskilled and semiskilled youth. During the year we impartedtraining to various people from different states under our skill development initiativesin association with central and state government programmes. As part of our corporatesocial responsibility initiatives we spent over Rs. 12 lakhs towards education womenempowerment and as aid for flood relief operations in Kerala.

Looking ahead our strong internal processes and excellent service deliverycapabilities are poised to help us in achieving the next level of growth. While steppinginto FY20 we continue our transformation journey to ensure consistent profitable growth. Icongratulate Kapston team for this exemplary performance.

I take this opportunity to thank our clients investors banks associates suppliersand government agencies for their continued support.

Warm Regards

Chereddi Ramachandra Naidu

Executive Chairman

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