As I write my annual address to you all a year again with growthdespite of market unambiguity and challenges. We all had our fair share of hard work anddedication. Although we witnessed major risks in the market from procurement of rawmaterial to sales execution but due to our well trained and skilled employees strongmanagement experienced leadership we maintained our position in Indian medical devicesindustry.
With these endeavours I am extremely delighted to showcase ourperformance figures. At the consolidated and Progression. level Your Company has achieveda net sales of Rs. 923.06 Crores EBITDA of Rs. 253.45 Crores and profit after tax of Rs.146.51 Crores as compared to previous year net sales of Rs. 786.47 Crores EBITDA of Rs.236.09 and profit after tax
I am happy to share with you that your Company have made it to thehighly converted Fortune "The Next 500" Companies list for 2022 and also baggedthe "India Medical Device Leader of the Year" award conferred by Department ofPharmaceuticals Under the Ministry of Chemicals & Fertilizers Govt. of India. Wehave also received "Export Excellence Award" by PLEXCONCIL as the largestexporter of disposable medical devices from India and now its 9 years in a row.
With this we also assumes Our Corporate Social Responsibility in a wayto make our Company Economically Environmentally and socially sustainable Company. Wehave incorporated ESG moral Principles in our core goals ethics and strategy. To fulfilthis responsibility towards society we are supporting many social unserved or underservedcauses and reaching to needy peoples. We are working in the area of Food sanitationeducation malnutrition women safety healthcare for providing benefits tounderprivileged society members.
We are spending also spent in previous year the more amount than it isrequired as per law on such causes. We are doing responsibility beyond the true letter andspirit. And it was always the goal of POLYMED to serve the mankind through any possiblemeasures.
Apart of this we are working on environmental sustainability companyhas taken rapid strives in this journey. Over the last few years we reduced to minimumlevel of water reduction effluent reduction energy consumption reduction. We will alsocontinue to reduce our carbon footprints on planet earth. Besides maximum water isrecycled and reused in toilets gardening among other stuff.
The coming years would be more exciting. Though there could bechallenges your Company will overcome the downtrends by maintaining deep relationshipswith customers suppliers and other stakeholders. As we look to the year ahead I haveconfidence that POLYMED will continue to be admired as a reliable and trusted Company forsupply of Medical Devices.
The members of the Board continue to be a great source of encouragementand support to the Company?s management team. I thank them for their involvementsupport and guidance.
On a concluding note I would like to take this opportunity to expressmy gratitude to you our shareholders and other stakeholders for your continued trustand confidence in us. Also I would like to express my gratitude to senior management andall staff who have worked diligently to help the Company meet its objectives and theirsupport in taking us into the next leg of our journey-the journey which shall be embodiedby
|With regards |
|D.R. Mehta |