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Rudrabhishek Enterprises Ltd.

BSE: 535095 Sector: Infrastructure
NSE: REPL ISIN Code: INE364Z01019
BSE 05:30 | 01 Jan Rudrabhishek Enterprises Ltd
NSE 00:00 | 09 Jul 38.40 0
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Rudrabhishek Enterprises Ltd. (REPL) - Chairman Speech

Company chairman speech

Dear Stakeholders

I am pleased to announce that our Company had an eventful and exciting year. We havecontinued to strive and deliver towards cementing our position as leading turn-keyconsultants across all types of urban planning and infrastructure developmentprojects.Over the years we have developed our service offerings to encompass a range ofcustom end-to-end services for the infrastructure and related sectors while maintainingtop quality standards.

Our Company got listed on the Emerge platform of the National Stock Exchange (NSE -SME) in July 2018. In a highly fragmented industry our successful listing not onlyenhances our credibility and visibility but also opens up scope for a largermarket-base.Consequently we won orders from the government of Andhra PradeshUttarakhand Moradabad and PMC work under PMAY for Meerut Moradabad & Chitrakootcluster comprising 128 towns in U.P. as well as from major corporate clients. This adds toa robust order book that we foresee for the next year.

During the FY2019 our Company reported revenue of Rs. 52.5 cr up 23.3% year-on-year.This was mainly due to a higher number of projects executed. Our EBITDA grew to Rs. 10.4cr during this year and 81.3% growth year-on-year. EBITDA margin stood at 19.83%vis-a-vis 13.48% in the previous financial year. Improvement in EBITDA margin can beascribed to faster execution and delivery of projects combined with improved operationalefficiencies. Correspondingly we reported PAT at Rs. 8.5 cr and PAT margin of 16.11%compared with Rs. 5.0 cr and 11.86% respectively in FY2018. This was mainly due to betterutilization of funds resulting in lower finance costs.

The Indian infrastructure industry has been witnessing significant tailwinds over therecent years supported by government policies and funding for example for housingprojects. Going ahead investments into this sector are projected to increase driven byrising urbanization and development across the country. At REPL we continually strategizeto position our Company optimally to be able to capitalize on these opportunities. Inline with this we have been investing in improving our visibility to complement ourdiverse service offerings. The government's 'Smart City Mission' is one of many exampleswhere we have been able to add value across a range of services. Such projects would notonly enhance our brand recognition in the market but also boost margins.

Looking forward we shall continue to build on our three-pronged strategy of: expandingin the domestic market; promoting our brand across markets; and moving up the value chainby increasing our value-based business.

The success of our Company is largely based on our pool of skilled and talentedin-house staff tehnocrats and consultants. We continue to invest in developing our humancapital to drive innovation and growth. They enable us to offer innovative andcost-efficient solutions thereby distinguishing us in the industry. I would like to thankevery member of the REPL family for their untiring efforts in driving our Company forward.I would also like to thank our valued stakeholders whose support encourages us to set andachieve higher benchmarks every year.

Best Wishes

Pradeep Misra

Chairman & Managing Director