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Sarla Performance Fibers Ltd.

BSE: 526885 Sector: Industrials
NSE: SARLAPOLY ISIN Code: INE453D01025
BSE 09:49 | 03 Dec 56.15 0.10
(0.18%)
OPEN

57.90

HIGH

57.90

LOW

55.70

NSE 09:39 | 03 Dec 56.35 0.30
(0.54%)
OPEN

56.00

HIGH

56.50

LOW

55.80

OPEN 57.90
PREVIOUS CLOSE 56.05
VOLUME 2417
52-Week high 63.45
52-Week low 19.15
P/E 8.77
Mkt Cap.(Rs cr) 469
Buy Price 56.10
Buy Qty 1.00
Sell Price 56.20
Sell Qty 1.00
OPEN 57.90
CLOSE 56.05
VOLUME 2417
52-Week high 63.45
52-Week low 19.15
P/E 8.77
Mkt Cap.(Rs cr) 469
Buy Price 56.10
Buy Qty 1.00
Sell Price 56.20
Sell Qty 1.00

Sarla Performance Fibers Ltd. (SARLAPOLY) - Chairman Speech

Company chairman speech

FROM THE DESK OF MANAGING DIRECTOR

Dear Shareholders

I yet again take this opportunity to share the highlights of theprevious year. Though the year 2019-20 faced various headwinds the focused approach ofyour Company ensured that the performance remained on-course.

During the Financial year 2019-20 revenue from operations shrunk to4.12% while EBIDTA was higher by 2.19%. Our net debt to equity ratio has changed from0.83% to 0.84%. During Financial Year 2019 - 20 we commissioned High Tenacity twisting atDadra with a capacity of 10 tons per day. The total cost incurred on this project is INR17.50 crore and we spent another INR 10 crore on upgradation of plant and machinery andwould continue to enhance capability going forward. We expect to incur INR 8 crore to INR10 crore of capex this year towards Upgradation of Plant and Machinery of our ExistingFacility. The year 2019-20 was a challenging year for the global economy with risingtrade barriers geopolitical tensions and weakened economic activities. Just when severalmeasures were being introduced to revive the growth the world was hit by the globalCOVID-19 pandemic. This led to worldwide lockdowns and complete discontinuation ofinter-geography commercial activities. The present situation is complex and fluid. The USand EU nations dominate the larger chunk of textile and apparel imports. India continuedbeing among the top three exporters. With extensive lockdowns across the globe theconsumer spending has taken a major hit business operations across sectors have pausedand exports have declined. This has led to an obvious impact on the textile industrydemand and supply. However it is estimated that Developed markets will recover faster. Ithank our Employees for their dedication commitment and contributions which have enabledus to achieve the results. I also thank our customers vendors bankers Central and StateGovernment and all other stakeholders for their undeterred confidence trust and support.I thank all our colleagues for their guidance during the year. As I conclude I would liketo place on record appreciation for all the efforts taken by the COVID warriors forbravely fighting this pandemic. I urge everyone to stay safe take care and continue tofollow all precautionary measures. Regards and Best Wishes

Krishnakumar Jhunjhunwala

MD &CEO

.