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RCI Industries & Technologies Ltd.

BSE: 537254 Sector: Metals & Mining
NSE: N.A. ISIN Code: INE140B01014
BSE 00:00 | 18 Oct 17.70 0.80
(4.73%)
OPEN

16.10

HIGH

17.70

LOW

16.10

NSE 05:30 | 01 Jan RCI Industries & Technologies Ltd
OPEN 16.10
PREVIOUS CLOSE 16.90
VOLUME 1819
52-Week high 117.00
52-Week low 15.55
P/E 1.40
Mkt Cap.(Rs cr) 24
Buy Price 17.70
Buy Qty 2080.00
Sell Price 17.70
Sell Qty 19.00
OPEN 16.10
CLOSE 16.90
VOLUME 1819
52-Week high 117.00
52-Week low 15.55
P/E 1.40
Mkt Cap.(Rs cr) 24
Buy Price 17.70
Buy Qty 2080.00
Sell Price 17.70
Sell Qty 19.00

RCI Industries & Technologies Ltd. (RCIINDUSTRIES) - Chairman Speech

Company chairman speech

Dear Fellow Shareowners

It is matter of pride to present you the Annual Report for the financial year endedMarch 31 2018. It has been an important year for the company as we underwent capacityexpansion for our company unit; which is into the manufacturing of flat products. Thecapacity expansion will be completed by FY19. This will help the company to increase therevenue and also increase operational efficiencies. We have also acquired additional landwhich will be used to manufacture aluminium foils & sheets.

In Financial Year 2017-2018 total revenue from operations was INR 20440Mn as againstINR 17567 Mn for the corresponding previous period supported by increase in volumes andrevenues. EBIDTA reported as on 31st March 2018 was INR 645 Mnas against INR 546 Mn forthe corresponding previous period a jump of 18%. net profit reported was INR 328 Mn asagainst INR 358 Mn. EPS for the year ended March 31 2018 was INR 24.41 for a face valueof INR 10 per share.

We have a strong foothold in trading and manufacturing of copper products and have beenpreferred partner for our clients because of our diversified product portfolio of roundand flat products in copper bras alloys etc. We have been focusing on providing qualityservice to customers drive manufacturing growth of the nation and grow the revenue of thecompany which will lead to good return for the shareholders in the long run.

On India's outlook refined copper production has increased compared to last yearbecause of use of copper in building and construction activities and in the electricalwiring segment. It will also help to increase production operational efficiencies whichwill result in better capacity utilization. Demand for the domestic copper market isdependent largely on electrical building construction automobiles and the consumerdurables segments. The SMART City development impetus on increase of renewable energydemand from the automobile segment and capex activities related in the railways anddefence sector is likely to further support the domestic demand for the metal.

We are going to target additional segments and sector like defence mint and aircraftindustry in the coming years. It has led to diversify our current product basket. We aregoing to leverage our distribution network to strengthen our product portfolio. OurCompany also plans to manufacture a unique tape (copper and stainless steel) forindustrial applications. This is currently imported in India. Overall this will lead toincrease in the margins of our company.

One of core focus has been to bring efficiencies by shifting to manufacturing businessupgrading the machinery technologies reduction in cost improve the overall processeswhich will eventually help the company to grow increase profitability and provide qualityproducts to customers. We provide top quality products to our customers and will continueto provide them by investing considerably in quality of our products.

Finally I would like to thank our customers employees partners shareholdersbusiness associate and society at large for believing in us. This would have not beenpossible without the constant support of you all. I look forward to your continued andvaluable support in taking the company to greater and newer heights in the future.