You are here » Home » Companies » Company Overview » Likhitha Infrastructure Ltd

Likhitha Infrastructure Ltd.

BSE: 543240 Sector: Infrastructure
NSE: LIKHITHA ISIN Code: INE060901019
BSE 00:00 | 24 Jun 245.85 4.95
(2.05%)
OPEN

257.00

HIGH

257.00

LOW

244.00

NSE 00:00 | 24 Jun 245.00 3.75
(1.55%)
OPEN

255.00

HIGH

255.00

LOW

243.50

OPEN 257.00
PREVIOUS CLOSE 240.90
VOLUME 253
52-Week high 458.00
52-Week low 236.00
P/E 10.67
Mkt Cap.(Rs cr) 485
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 257.00
CLOSE 240.90
VOLUME 253
52-Week high 458.00
52-Week low 236.00
P/E 10.67
Mkt Cap.(Rs cr) 485
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Likhitha Infrastructure Ltd. (LIKHITHA) - Chairman Speech

Company chairman speech

Dear Shareholders

The year dawned with a slew of unknowns on account of the global pandemic. Covid-19brought a detrimental influence on economies financial markets and business activities.I hope you and your families are doing well and staying safe in the wake of this crisis.

On reflecting on our Company's achievements in the past year I am pleased to reportthat Likhitha Infrastructures has embarked on a ambitious journey having acquired SEBIauthorisation to raise funds through an initial public offering (IPO).

It undoubtedly opened up a plethora of new possibilities for our company and its futureprospects in the industry in which we operate.

We intend to expand our presence throughout the country and play a bigger role inproviding services for construction of Cross Country Oil & Gas projects developmentof CGD system and O&M operations of the CGD network.

Over the past two decades we have established a track record for successful executionof a majority of our projects on schedule and have strengthened competencies in the Oil& Gas pipeline sector. Further we have cemented our position through meticulousplanning and a unique business strategy which has assisted us in extending our footprintacross regions where there is a demand for Oil & Gas pipeline infrastructure services.This diversity has helped us achieve operating efficiencies focus on the projects andregions where we can be competitive and record adequate margins.

On the back of a robust strategy we have registered an overall growth in ourperformance this year. Despite the fact that activities were severely hampered in theearly months owing to countrywide lockdowns and disruptions in the supply-chain weovercame hurdles with persistence. Post June 2020 most of the Company's operations arestabilised and we were able to deliver a strong financial performance at the year-end.

The revenue from operations stood at RS 19062.17 Lakhs in the current year compared toRS 16123.83 Lakhs in the previous year registering a growth of 18.22% Y-o-Y. Ouroperating margins increased by 32.91% in FY 2020-21 recording Rs 4149.99 Lakhs against Rs3122.34 Lakhs in FY 2019-20

To distinguish our presence from that of our competitors we continued to emphasise onareas of cost efficiencies strategic market penetration invest in areas of developingcustomised systems and disciplined approach to project execution. The Company believesthat its track record of successful and timely completion of projects gives it an edge topitch for more complex projects abd expand the client profile which includes some of themajor Oil & Gas companies in the country.

We have also adopted good industry practices including deployment of advancedtechnology and a diverse fleet of sophisticated equipment. Our in-house fleet of equipmentallow us to meet project deadline on time optimise overhead costs increasingproductivity and maximise asset utilisation.

The safety of our personnel is our primary concern. Hence we continue to ensure thatour activities are in accordance with applicable health and safety standards. Our goal isto operate under a comprehensive safety policy that focuses on zero accidents reducedenvironmental footprints and effective hazard management.

We recognise the fact that an experienced motivated and well-trained workforce iscrucial for the effective implementation of our business. Apart from investing in trainingprogrammes to enrich our employees with high level of productivity we are also determinedto improve their career paths and personal well-being through our employee engagementinitiatives.

We anticipate new prospects emerging in the course of our operations in the comingyears. The recent growth in natural gas consumption in India is projected to open up anumber of opportunities for the pipeline infrastructure industry. Moreover favourablegovernment regulations are likely to function as a catalyst for accelerating the expansionof the sector. Hence we intend to expand our presence throughout the country and play abigger role in CGD system and O&M operations of the CGD network.

I would take this opportunity to extend my heart-felt appreciation to all ourshareholders customers and employees board members and all other stakeholders in theecosystem for your trust and continuing support and loyalty towards The Company.

Thanks and regards

Sivasankara Parameswara Kurup Pillai

Chairman

.