Dear Fellow Shareholders,
I am delighted to re-connect with you through this 18"' annual report of theCompany.
I would like to express our delight at presenting you the financial result of yourCompany. The performance of the Company is quite satisfactory during the year 201 2-1 3.During the year, your Company grew its consolidated gross revenues from Rs. 1,68,942 lacsto Rs. 2,18,215 lacs, an increase about 29%. During the same period, the consolidated netprofit grew marginally from Rs. 8110 lacs to Rs. 8270 lacs.
We are currently executing various projects of clients viz. Delhi Metro RailCorporation (DMRC), Delhi Jal Board (DJB), Public Health and Engineering Department (PHED)Rajasthan and Bihar, Gujarat Water Infrastructure Limited (GWILJ, Municipal Corporation ofGreater Mumbai (MCGM), etc.
Depreciation in rupees and high interest rates may hinder investment and future growth.These are troublesome and may affect growth in the near terms even in India, but I dobelieve that the macro-economic fundamentals and the demographic characteristics are wellin place to foster growth momentum in the long run.
We are vigilant, as responsible corporate, towards our CSR and initiated and maintainedvarious efforts to meet this aspect and extend our helping hand for social, religious andcultural cause apart from helping under privileged section of our Society.
We stay committed to deliver value to our shareholders and renew our promise toconstantly focus on exceeding client's expectations by providing excellent services.
I also take this opportunity to thank our Customers, Joint Venture Partners, Bankersand Shareholders for reposing their confidence in the Company and providing theirunstinted support. I wish to express my appreciation to my colleagues on the Board and ouremployees for their dedication and commitment.
With Best Wishes
Usha B. Kulkarni