It gives me pleasure to present to you a record performance on the fiscal front duringFY 2016-2017. I am happy to announce that despite the challenging domestic businessenvironment your Company has achieved record consolidated revenue of Rs 652.55 croresrepresenting a growth of 31% over the previous year. EBIDTA and PAT have shown a steadygrowth of 3% and 17% respectively.
This remarkable financial performance is the result of steadfast dedication towardsgrowing your Company into a market leader in the chemicals distribution and consumerelectronics supply chain industries. Both divisions are growing at an accelerated pacewith the company registering a 5 Year CAGR of 46%. This can be attributed to the enhancedscale of operations brought about by geographical expansion across the country withmarketing offices and depots in all major cities.
I am happy to inform that during FY 2016-2017 your Company has expanded its reach tointernational markets by setting up a trading subsidiary in Hong Kong and step-downsubsidiary in United Arab Emirates. This will enable your Company to increase its scaleand scope of operations.
All these achievements would not have been possible without the whole-hearted supportof loyal partners exceptional human capital and dedicated shareholders. I thank allcustomers vendors bankers and employees for their unwavering support and belief.
Om Prakash Berlia