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Shradha Infraprojects Ltd.

BSE: 535035 Sector: Infrastructure
BSE 05:30 | 01 Jan Shradha Infraprojects Ltd
NSE 05:30 | 01 Jan Shradha Infraprojects Ltd

Shradha Infraprojects Ltd. (SHRADHA) - Chairman Speech

Company chairman speech

Dear Stakeholders

It gives me great pleasure to share with you an update on the performance of yourCompany for the year 2017-18. It was a transformative year with the prologue of the Goodsand Services Tax (GST) an important growth that has created a single national market andwill benefit both consumers as well as the industry including the Consumer Goods sector.

In this challenging business environment your Company delivered a strong performance.For the financial year ended 31st March 2018 the revenue from operation was Rs.105888071/- other income was Rs 26702071/- and the Profit after tax (PAT) was Rs.34591580. Each of our businesses and functions played an important role in deliveringthese strong results.

The Infrastructure sector is a key driver of the Indian economy. During the financialyear 2017-18 there has been a significant push for this sector by the Government ofIndia. Allocation for infrastructure has been increased by 20% giving a boost to thesector and ensuring continued funding of various initiatives in roads railways and urbaninfrastructure.

I would like to express my gratitude with the great performance from our employees tomake 2017-18 a transformational year for Shradha Infra. We begin 2018-19 with a sense ofreal excitement as we begin to see the results of our strategy take shape.

Our determination has enabled us to diversify our end customer portfolio whileleveraging our expertise in concrete and reducing our overall risk profile. Not only didwe have a fantastic year 2017 we believe we are positioned very well to increase ourearnings in 2018.

Time to accelerate on our chosen path to achieve the goal of delivering top quartileRoE (Return on Equity) your Company chose a strategic path to deliver the promisedresults quarter after quarter. The key areas where Company is focusing on to deliver thisgoal are: Growth in focused businesses Exit from de-focused businesses Reducing costfurther

In 2018 we will continue to focus on executing the three legs of our strategy:solidifying the base; growing higher margin products by being more strategic and selectivein heavy civil markets and increasing the geographic scope of our residential businessand; lastly expanding into other adjacent markets. Finally we will continue to monitorand support the passage of a meaningful infrastructure bill.

Many rules regulations and laws intended for creating a predictable environment forbusiness and meant to be prospective in nature when brought in at a time of stress inpractice become retrospective in effect and intensify the stress and unpredictability ofdoing business.

I want to thank our shareholders customers suppliers partners and employees fortheir dedication and continued support.

Warm Regards

Sunil Raisoni

Managing Director