I am pleased to present the Annual Report to you for the financial year ending 31stMarch 2020.
In FY 2019-20 the Revenue of the Company was Rs. 240.20 crores as against Rs. 232.55crores in the previous year. EBITDA increased to Rs. 63.38 crores from Rs. 62.24 croresPBT decreased to Rs.(6.31) Crores from a profit of Rs. 10.86 crores and PAT decreased toRs. (15.01) crores from a profit of Rs.9.72 crores in the previous year.
During the year the Company focused on improving operational efficiencies and wideningits customer base to reduce dependency on any single product. With changes in theconsumption pattern of consumers newer opportunities have emerged. Online shopping isfast gaining momentum and will be a major segment in the coming times. With our tie-upwith one of the leading players in this space we are well-positioned to take advantage ofthis new development. Further industries like seafood which had a tough year in FY2019-20 due to two cyclones are already showing signs of a reversal and we are confidentthat the prospects for the coming year will be very positive. After a brief phase ofconsolidation we feel the time is now ripe for further expansion of our capacities. Thechoice of locations for the next phase of expansion is driven by customer demand and weare confident that after commissioning the new facilities the performance of the Companywill see a marked improvement.
Note of Thanks
I wish to thank all our stakeholders - shareholders investors bankers customersvendors and employees for their continued support.
Prem Kishan Dass Gupta