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Reliable Data Services Ltd.

BSE: 535020 Sector: IT
NSE: RELIABLE ISIN Code: INE375Y01018
BSE 05:30 | 01 Jan Reliable Data Services Ltd
NSE 15:43 | 25 Jan 45.25 2.15
(4.99%)
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Reliable Data Services Ltd. (RELIABLE) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me immense pleasure to present to you the annual report of our company for thefinancial year ended 31st March 2021.

I present this annual report in a time when the world is trying to come up with anextra ordinary challenge by the unexpected emergence of the Covid-19 pandemic which has atragic impact on human lives and businesses across the world. India has been one of themajor economies which has been adversely affected due to this pandemic.

To prevent the spread of the virus among the masses the government of India had againannounced a 2nd lockdown. This had again impacted the local businesses and the globaltrade that had come to a temporary pause. For your company our number one priority washealth and safety of our employees those who we do business with around the globe andthe communities where we live and work.

At this point in time I like to share with you the highlights of the year'sperformance and Outlook for the next Year as mentioned below:

• Our total revenue for the year 2020-21 was Rs. 2792.60 lacs as compared to Rs.2897.58 lacs in the previous year i.e 2019-20 which represents the decline of 3.62% in theStandalone Financials.

• As per the Consolidated Financials the turnover of Rs. 4439.89 lacs in thePrevious Year and Rs. 4594.33 lacs in year Current Year 2019-20.

• Our Profit before tax was Rs. 200.00 lacs as compared to Rs. 292.21 lacs in theprevious altogether the profit after tax was Rs. 145.22 lacs as compared to Rs. 219.85lacs in the previous year.

• Similarly as per the consolidated Financials Our Profit before tax was Rs.242.88 lacs as compared to Rs. 512.21 lacs in the previous year altogether the profitafter tax was Rs. 165.63 lacs as compared to Rs. 330.28 lacs in the previous year.

Finally I am thankful to all our Stakeholders our Bankers our Investors our Vendorsand most importantly our customers for their trust and faith. I must acknowledge hugecontribution from entire team of Reliable Group i.e. not only from the flagship companybut also from the subsidiary and associate companies who push their boundaries riseabove challenges and leave no stone unturned to achieve consumer satisfaction.

With Warm Regards
Sanjay Kumar Pathak Chairman

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