You are here » Home » Companies » Company Overview » Shreyas Shipping & Logistics Ltd

Shreyas Shipping & Logistics Ltd.

BSE: 520151 Sector: Infrastructure
NSE: SHREYAS ISIN Code: INE757B01015
BSE 00:00 | 12 Aug 329.75 -6.05
(-1.80%)
OPEN

336.65

HIGH

342.00

LOW

328.00

NSE 00:00 | 12 Aug 330.60 -5.60
(-1.67%)
OPEN

331.10

HIGH

344.40

LOW

327.65

OPEN 336.65
PREVIOUS CLOSE 335.80
VOLUME 2089
52-Week high 448.00
52-Week low 204.00
P/E 3.87
Mkt Cap.(Rs cr) 724
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 336.65
CLOSE 335.80
VOLUME 2089
52-Week high 448.00
52-Week low 204.00
P/E 3.87
Mkt Cap.(Rs cr) 724
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Shreyas Shipping & Logistics Ltd. (SHREYAS) - Chairman Speech

Company chairman speech

Dear Shareholders

First and foremost I am addressing you at a time when India is justrecovering from the economic disruption caused by the worldwide pandemic. Our deepestgratitude and Thanks to our frontline health care professionals. We owe a profound debt ofgratitude to all our health professionals who have been helping selflessly during thiscrisis. I would like to mention a special thank you to the our Front line team - thesailing team vessel operations staff warehouse staff etc. - the Group's Anchors whoduring the peak pandemic relentlessly worked for the uninterrupted continuation ofservices to our valued customers.

Although the past financial year was full of challenges and after thehurdles faced in the initial part of the lockdown we saw a sharp increase in cargohandled domestically which surpassed pre-pandemic levels of traffic. This improvement incargo traffic coincided with the revival of domestic and global economic activity andtrade. I am happy to state that we stood up to the worst test of times with greatresilience to deliver a significant turnaround in our profitability. Although revenueswere down by 9% compared to the previous year to INR 560 Crores our EBITDA grew by almost50% to INR 64 crores while PAT reported was INR 44 Crores versus a loss of INR 66 Croresin the previous year.

In our constant endeavour towards strengthening and enhancing our ESGobjectives which focuses on all aspects of sustainability governance and giving back tothe society the group was in forefront during the pandemic we tied up with governmentbodies police department NGO partners in reaching out to affected people includingfront-line workers by providing assistance with food relief and health support beingtransported both via Air and Sea to various beneficiaries.

<p >We extended aid towards the Government's efforts to fight the pandemicby making a valuable contribution to the PM Care Fund. In addition to avert the immediatehunger and starvation caused by the lockdown to combat the Covid-19 impact we backedorganizations such as Give India- Action Aid that extends assistance to provide ration todaily wage workers belonging to the most vulnerable part of the society.

One of our pillars of Corporate Responsibility is the MarineStewardship of Environment. We supported community- led conservation of vulnerable marinespecies of Olive Ridley Turtles in Odisha and adopted the conservation of beach in Mumbaiwith a focus on community education and engagement to bring out the behavior changetowards environment conservation. Being the citizens of oceans our commitment is toconscientiously build resilient ocean ecosystems and improve the health of oceans and theIndian coastal region. Our ESG strategy highlights the key responsible business practicesand focus areas with clear targets and reporting transparent disclosures and progress toour stakeholders. A holistic approach to sustainability—with respect to disruptivechange environmental and social externalities and governance will help create prosperityfor people planet and profit.

We remain committed to our higher purpose of 'Delivering Prosperity'not only to staff and stakeholders but to the entire humanity and ecosystem. As we embarkon the journey ahead ESG and sustainability remain at the core of our business whichwill help us build a resilient future proof business that will create long-term value forour stakeholders.

Best Wishes
S.'Ramakrishnan
Executive Chairman

.