It is my honour to interact with you as a Managing Director of the board of UNIVASTUINDIA LTD and welcome you on the 9th Annual General Meeting of the company. Thefoundation of the organization has already been establish on the core values which areSafety Quality Trust Commitment Integrity Innovation and Research & Developmentover the last 9 years in the field of construction and Infrastructure development. Now thecompany is looking forward to achieve new horizon in the business with sheer hard work andtrustworthiness. In this Journey many strong policies and procedures has framed by ourmanagement to meet regulatory guidelines at all the times. Enhancing stakeholders' valuecontinues to be our corporate approach.
UNIVASTU has seen a remarkable performance in FY 2018. Our consolidated gross revenueof the company increased by 95.53% i.e. from Rs 4178.35 Lakhs to 8169.79
Lakhs. Profit before Tax increased by 144.75% i.e. from Rs 190.39 Lakhs to Rs 465.99Lakhs. Profit after Tax increased by 143.77% i.e. from Rs 136.48 Lakhs to Rs. 332.71Lakhs.
Infrastructure sector is a key driver of the Indian economy. Our Country's increasedimpetus to develop infrastructure in the country is attracting both domestic andinternational players. Allocation for the infrastructure has been increased by 20% whichis giving the boost to the sector and also ensuring the continued funding to variousprojects like rail/ metro urban development road etc. These government initiatives andstrategies are more favorable and predictable to the company. Our company has securedprojects worth 100 Cr in the FY 2018. I would like to take this opportunity to thank toour Clients Vendors Suppliers Contractors Central and State Governments RegulatoryAuthorities Investors Bankers and Financial Institutions for their continued faith andtrust.
I would also like to extend my gratitude to all the Managing committee stakeholderseach and every UNIVASTU member as well as those who are associated with us across variousprojects for their support and hard work in the service of the company. I seek all of yourcontinued support for making the company grow stronger.
Pradeep Kisan Khandagale