The year 2019-20 was a significant year for our Company. The first 3 quarters were ontrack where sales grew steadily. However there was a sudden drop in the production andsales in the last quarter due to Corona virus. We like most of industries were witness toalmost complete lockdown of the country. This was also the case in so many countries thatwe are operating. The effect was so pronounced that not only our operations were adverselyeffected but even finished goods could not be dispatched towards end of the 4th quarter.The impact of the 4th quarter downturn was so severe that the financial performance ofyour company's performance for the year was affected adversely.
The highlight of performance of your company in FY20 - The standalone total income was?125.8 Crore as compared to ?129.8 Crore and the standalone profit after tax was ?12.8Crore lower from ?15.3 Crore in FY19. The consolidated total income was ?135.9 Croreagainst ?136.8 Crore in FY19 and the consolidated Profit after tax has been ?11.6 Croreagainst ?16.2 Crore in FY19.
In pursuit of our strategy to increase our foot prints in all major markets yourcompany setup a stepdown wholly owned subsidiary company in Malaysia to carry on sales andmarketing of Company's products in Malaysia Indonesia and Singapore. We also tookeffective steps to restart the German subsidiary in order to enhance our presence in theEuropean Market. Now we have sales and marketing set up Australia UK Germany USMalaysia and South Africa. Your company during the year achievedhigheroperationalefficiencies which have resulted in improved on-time deliveryperformance and reduction in costs. The company also enhanced its product basket by adding2 major products - External gear pumps and Air Operated Double Diaphragm pumps. Thesedevelopments are in line with our Vision to become a significant Positive Displacementpump manufacturer globally. We are committed towards achieving our longterm goals. Howeverthe pandemic has posed immense challenges. All round initiatives have been taken to ensuresafety and health of people in work place to ensure that the operations of the company canbe carried without any disruptions. We also resorted to work from home facility for selectemployees. The focus is on to reduce the costs significantly and improve operationalefficiencies with an aim to improve the operating margins. The sales and marketingactivities are also being realigned to focus on markets /industries which will continue togrow. Our global outreach and spread of our products across major industries gives usconfidence of meeting our medium term goals despite prevailing economic environment.
Governments all around the world have announced stimulus package and have providedsupport to business we have been able to seek such supports in Australia and UK and thishelped the business in Q1 of the current financial year. Government of India had announcedseveral economic packages in order to bring the economy back on track in India. . Theeconomic package announced by the Government to help industries in MSME sector is awelcome step. Our Prime minister's "Atma Nirbhar Bharat Abhiyan" is going tobenefit your company by way of increased opportunities in defense marine and in otherindustries who are large importers of equipment. Our thoughtful investment in R&Dcenter and continuous upgradation of manufacturing and marketing infrastructure is helpingus in increasing our business globally. Quality and performance of products of yourcompany has been backbone of our growth in even developed markets. We will continue toinvest in product and manufacturing technologies to grow globally and remain competitive.
Human Resource and Talent is a key to any company's growth. We are focused on creatingan environment based on the ethos of innovation; team spirit and employee centric policies.We have employees across geographies and are respectful to each and every communityculture and country. We are committed to create a unified Roto culture where everyemployee is able to contribute towards growth of the company.
We are poised for an exciting journey ahead using innovative ideas and technologies asmore global companies emerge out of India. We thank allour stakeholders fortheir supportand for being with us on our journey of high growth. At Roto Pumps the future is brightand full of promise as we strive to garner global leadership in the high end pumpindustry in the next five years.
Harish Chandra Gupta Chairman & Managing Director