It gives me great pleasure to share with you the exceptional performance of our Companyin FY 2018-19. Our Revenue has grown by 24% to INR 107.61 Crore from INR 86.99 Crore andNet Profit has grown by INR 55% to 28.64 Crore from 18.48 Crore.
The key operational and financial highlights of the year are as follows:
Towers base stood at 1808 and Co-locations stood at 2063
Operational Revenue at INR 105.34 Crore grew by 20.73 Crore
Profit After Tax at INR 28.64 Crore grew by 55%
EPS at 28.2 grew by 55%
During the Financial Year the Company has also recommended a dividend of INR 2.5 perEquity Share of Face value of INR 10 each.
FY 2019-2020 and coming years are going to be very exciting for us for inter-aliafollowing reasons:
a) Governments thrust on launch of 5G services digital India smart cities etc.
b) We have in hand roll out plans to expand our network in North and West telecomcircles.
c) Growing demand of fiber fed Small cell sites and we have the most innovative andcost effective small cell sites and passive infrastructure solution.
Our rentals are lowest in the market.
Further as per estimates of Tower and Infrastructure Providers Association (TAIPA)the country currently has about 5 Lakhs mobile towers for a customer base of 1.2 billionand it needs around 1 Lakhs additional towers to take care of the growing data and voicerequirements. By 2020
India will need 12 Lakhs telecom towers to cater to the rising data demand accordingto industry estimates.
Further the government of India has introduced Digital India programme under which allthe sectors such as healthcare retail etc. will be connected through internet. Alsowith 70 per cent of the population staying in rural areas and a rapidly increasing ruraltelecom penetration the rural market would be a key growth driver in the coming years.
Financial Year 2018-19 was majorly the year of positive developments andsynchronization on the business policy and regulatory front.
The Economic Survey 2019 presented by Chief Economic Advisor Krishnamurthy Subramanianfocuses to transform India into a $5 trillion economy in the next five expected to grow at7% in financial year 2019-20 slightly higher than the 6.8% in 2018-19
As per the government report the mobile sectors contribution to GDP which ispresently 6.5% and will increase to 8.2% by 2020.
IP-1s comes under the purview of Right of Way Rules.
The National Development Communication policy was notifiedby Department oftelecommunication (DOT) the policy included numerous provisions such as Enhancing scopeof IP-1s fiberization of 75-80 percent towers to extend world class high-speed internetconnectivity extension of incentives and exemptions for the construction of telecomtowers safety and security of telecom towers and setting up National Fiber Authority etc.
To conclude with forward looking National Digital Communications Policy growing datademand and the global developments on 5G the future potential for passive infrastructurecompanies like ours is very bright in the coming years. We are fully prepared to exploitthis potential and meet all requirements of our customers for speedy rollouts. We expressour appreciation to all our shareholders customers partners and employees for theircontinued enthusiasm trust and support.