Chairman & MD Message
Maan has made significant progress this year in line with our strategy to reduceoperational cost and increase revenue and resources across our businesses. Through theyear we have delivered better than expected numbers on a quarter on quarter basis thecredit goes to our highly dedicated personal and their commitment to performance andgrowth. We are also delighted to have provided a Rs 1/- dividend for the year to ourshareholder.
We delivered a strong set of numbers for FY 17-18 which once again benefited from ourrecord production and diverse revenue. We recorded our highest revenue of Rs 449.07 croresfor the year which is an increase of 26.13% for the previous year. EBITA stands increasedto Rs 17.35 crores from Rs 12.80 crores which is an increase of 35.5% on a YOY basis andalso basic earnings per share rose by 98% to Rs 9.49.
We are quite positive to improve on our financial performance and looking forward tostronger numbers in the future.
Maan has been committed towards sustainable development we believe in today's day andage we have a to be responsible towards the environment and overall social welfare. We areEngaged with communities who provide welfare for humans and animals alike. Employeessafety is a key factor and the management and board members are focused on the same.Working on renewables to reduce our carbon foot print is our priority and we feelcommitted to it.
Industry Outlook and the Future
The Aluminium industry is going through a turbulent face due to duty sanctions imposedby the United States there by creating a disturbed global trade scenario. With risk oftrade war looming over our shoulders the next year is going to be quite challenging anddifficult for many players to sustain the market share and margins.
In the forthcoming year we are hopefully to see trade scenario would be in India'sfavor and would enhance Maan to maximize its potential.
Finally on behalf of the board I would like to hand our employees who have contributedto the excellent performance during the year. Our dedicated team providing unrivalledgrowth and settling benchmark standards will help maintain sustainable growth and maximizeshareholder value.
Ravinder Nath Jain
(Chairman & MD).