It is my honour to interact with you as a Managing Director of the board of UNIVASTUINDIA LTD and welcome you on the 10th Annual General Meeting of the company.The foundation of the organization has already been establish on the core values which areSafety Quality Trust Commitment Integrity Innovation and Research & Developmentover the last 10 years in the field of construction and Infrastructure development. Nowthe company is looking forward to achieve new horizon in the business with sheer hard workand trustworthiness. 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 2018-19. Our consolidated grossrevenue of the company increased by 23.74 % to Rs. 10090.12 Lakhs compare to Rs. 8154.13Lakhs in the last year. Profit before Tax increased by 34.34% i.e. from Rs. 465.99 Lakhsto Rs. 626.03 Lakhs. Profit after Tax increased by 35.89 % i.e. from Rs. 332.71 Lakhs toRs. 452.13 Lakhs.
Infrastructure sector plays an important role in the growth and development of Indianeconomy. Nearly 9% of India's GDP is spent on Infrastructure services. Infrastructure andconstruction sector has the 2nd largest share in FDI inflows. In budget the governmentincreased its expenditure towards infrastructure development by 20.9% is giving the boostto the sector and also ensuring the continued funding to various projects like rail/metro urban development road etc. These government initiatives and strategies are morefavorable and predictable to the company. The Government has also decided to come up witha single window clearance facility to accord speedy approval of construction projects.
All these achievements would not have been possible without the support of all thestake holders including the Central and the State Government and Various GovernmentAgencies Our suppliers and Sub Contractors Bankers and Financial Institutions and aboveall the shareholders. I would like to thank you all for your faith and trust during theyear.
I also thank all my members on Board for their continued support and guidance.
Last but not the least I would like to thank all the UNIVASTU employees as well asthose who are associated with us across various projects. We seek all of your continuedsupport for making the company grow stronger.
Pradeep Kisan Khandagale