Dear Members,
I have great pleasure in sharing with you the highlights of another year of great
achievements.
It is my great pleasure that I share with you our signature milestones and highlights
for the year ended 31st March 2020. We are heartened to report that Dynemic continued to
deliver robust financial numbers and highly commendable margins. Despite the recessionary
period in the market and the Covid Pandemic, the Company has continued to deliver, both
operationally and financially. It is my indeed belief that we have emerged stronger and in
better competitive shape than ever.
For the 12 months ended 31st March 2020, the Company turned in after tax profit of Rs.
2413 Lacs on the back of approximately Rs.18227 Lacs. These compared with profit after tax
and revenue of Rs. 1796 Lacs and Rs. 16661 Lacs, in the preceding 12-month period. The
increase in profit after tax was recorded high by 34% if compared with previous year.
Our current growth could be attributed to the core factors:-
• Strict adherence to International Quality Norms.
• Unrelenting passion for service.
• Commitment to delivery schedule.
• Deep concern for the environment.
• Competitive and attractive prices.
Moving in parallel with revenue growth, overall expenses grew by 7% in comparison to
last year. Earnings per share stood at Rs. 21.06 compared to Rs. 15.68 in the earlier
period. The earning per share grew by Rs. 5.38.
This year the Board of Directors had declared interim dividend in March 2020 of Rs.
1.50 per share. The Board has recommended nil Final Dividend for the year ended March
31,2020.
As far as year 2020-21 is concerned, Quarter 1 results Net Profit are high by 28% if
compared with previous year same period and looking to the overall market situation your
Management is expecting to close the financial year on positive note.
Due to Covid Pandemic, Dahej project has delayed but now things are getting normal and
we are expecting to start commercials latest by April, 2021.
I would like to take this opportunity to express my gratitude to the Board of
Directors, Bankers, Employees, Suppliers and the Shareholders for their unstinted support
and the confidence reposed on us.
Bhagwandas K. Patel
Managing Director
"Believe you can and you're halfway there."
- Theodore Roosevelt.