I am extremely proud to present the 04th Annual Report of Sagar Diamonds Limited BSESME Listed Company as the Managing Director. When we look at Sagar Diamonds today we cansee that it has been a year of great transition for the Company.
I am pleased to inform you that your company has completed successfully financial year2018-19 with Net profit after Tax for the year recorded Rs. 578.10 lakhs against previousyear net profit of Rs. 234.35 lakhs During the year under review your Company hasrecorded net revenue from operations as Rs. 173155.76 lakhs against revenue recorded ofRs. 9261.30 lakhs in the previous year.
During Financial year 2018-19 Your Company's Export Sales has been recorded of Rs.110966.04 lakhs against export revenue recorded of Rs. 6444.96 lakhs in the previousyear.
In F.Y 2018-19 Your Company has successfully exported Diamonds & jewellery in itsbrand name to Hong Kong.
Details of our growth Strategies and your company' performances during Financial Year2018-19 have been elaborated in the Director Report and Management Discussion AnalysisReport Section of this Annual Report.
I would like to thank all our consumers Bankers employees Suppliers who are directlyor indirectly associated with the company for their support and commitment which helpedus reach where we are now.
I would like to thank our shareholders for their trust and encouragement and assure toserve strong and Profitable and Sustainable Growth.
With Warm regards
Mr. Vaibhav Dipak Shah
Chairman & Managing Director
Sagar Diamonds Limited