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Sarla Performance Fibers Ltd.

BSE: 526885 Sector: Industrials
NSE: SARLAPOLY ISIN Code: INE453D01025
BSE 10:27 | 18 Jun 43.50 0.20
(0.46%)
OPEN

43.40

HIGH

43.55

LOW

43.40

NSE 10:14 | 18 Jun 43.50 -0.10
(-0.23%)
OPEN

43.00

HIGH

44.40

LOW

42.50

OPEN 43.40
PREVIOUS CLOSE 43.30
VOLUME 400
52-Week high 82.40
52-Week low 41.55
P/E 9.02
Mkt Cap.(Rs cr) 363
Buy Price 43.40
Buy Qty 200.00
Sell Price 43.60
Sell Qty 1.00
OPEN 43.40
CLOSE 43.30
VOLUME 400
52-Week high 82.40
52-Week low 41.55
P/E 9.02
Mkt Cap.(Rs cr) 363
Buy Price 43.40
Buy Qty 200.00
Sell Price 43.60
Sell Qty 1.00

Sarla Performance Fibers Ltd. (SARLAPOLY) - Chairman Speech

Company chairman speech

Dear Stakeholders

Greetings. I am pleased to write to you after a year of quiet but robust performance byyour company. Our revenue and pro ts remained attish but we made progress on reducing thelosses at the US plant which should be visible in the coming year. During the year wecontinued to add clients in India using our direct presence and investment in the US. Someof our key clients in the US have placed regular orders on us in India even as the ramp upin US could not meet our own expectations.

Our EBIDTA rose marginally over the previous year supported by a) improved product mixwith more demand for high value added polyester and nylon yarns b) increased domesticsales due to de-bonding of our Vapi facility and c) additional investment of plant andmachinery to aid productivity at both Vapi and Silvassa units.

As per our annual report theme for the year we believe in Advance Consolidate as amantra to grow. None of these mantra will work in isolation. We have invested relentlesslyfrom FY12-13 onwards in new locations plant and machinery Renewables land foropportunistic development and sale. This year we shall take a pause from investments andwould look to bolster our cash balances as well as monetize some surplus investments.

This year is a one of transition for the Indian economy due to the historicimplementation of GST from 1 July 2017. For us and our customers also there is a changehappening due to this factor. We are fully prepared for this radical reform by the Indiangovernment but it will take a few quarters for the industry to absorb. The rate of tax andinput credit especially for the textile industry are not exactly the most favorable butin the long run the system has a lot of ef ciency and transparency bene ts.

We are cognizant of becoming more a more alert corporate citizen and enhance ourcontribution to the society at large while focusing on our pro tability. Last few yearswe invested in the Green growth with our renewable capacity at near 15 MW and totalinvestment of INR 993.45 mn. This year we have identi ed to spend INR 75.99 mn on thecorporate social responsibility in the area of healthcare in the state of Maharashtra.

Last but not the least we will maintain a big focus on increasing cash generation fromOperations in this year and take restructuring measures where necessary to improve the efciency of capital deployed. We slightly increased dividend last year despite attish pro tbecause we remain committed to delivering value to all stakeholders and will always be inpursuit to reward them.

KRISHNAKUMAR JHUNJHUNWALA

MD & CEO