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Madhav Marbles and Granites Ltd.

BSE: 515093 Sector: Others
NSE: MADHAV ISIN Code: INE925C01016
BSE 00:00 | 03 Dec 51.40 -0.30
(-0.58%)
OPEN

51.95

HIGH

51.95

LOW

50.85

NSE 00:00 | 03 Dec 51.00 -0.90
(-1.73%)
OPEN

53.35

HIGH

53.35

LOW

50.60

OPEN 51.95
PREVIOUS CLOSE 51.70
VOLUME 1904
52-Week high 75.90
52-Week low 29.55
P/E 12.69
Mkt Cap.(Rs cr) 46
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 51.95
CLOSE 51.70
VOLUME 1904
52-Week high 75.90
52-Week low 29.55
P/E 12.69
Mkt Cap.(Rs cr) 46
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Madhav Marbles and Granites Ltd. (MADHAV) - Chairman Speech

Company chairman speech

The last mile of FY 2020 was a bookmark period for the entire world as a global healthcrisis brought all of humanity to a virtual standstill. We hope you and your loved onesare all safe and have managed to pass through the stressful phase of Covid-19.

When we look back at the performance of the FY 19-20 it was a challenging year foryour Company. Globally the economy was slow and factors at operational level likeprolonged closure of quarries shortage of labour heightened volatility in exchange ratesand tough competition from both domestic and International players also impacted theoverall results in the year under review.

Considering the external factors though the business outlook for FY 2020-21 seems tobe challenging but the Company is able to maintain the momentum with strong order booktimely execution concerted efforts to reduce overhead costs and managing working capitaland cash flows. The same has started to reflect in results for the current fiscal.

Investment in Engineered Stone plant at Oman will create good opportunity and is goingto be an important segment for the Company. Your Company is having over three decades ofpresence in the Industry and is confident that this project will further strengthen ournetwork and customer base in US European and GCC markets.

We as a Company are confident and our focus remains towards driving balanced growthwith our core strength value of quality Trust and Excellence and improved execution.Through this we are sure to win and excel further.

We sincerely thank our customers the Board Management Unions Business partners andour dedicated employees for their relentless support and commitment. Thank you all for thetrust & confidence you have reposed in the Company.

Wish you a happy and healthy year ahead.

Madhav Doshi

CEO & Managing Director

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