Dear Stakeholders,
In terms of performance of FY 2023-24, I am proud to report you that
our company remains stronger than ever. Our income has gained significant momentum and
coupled with a good visibility of new Conveyor Belts orders we expect to significantly
accelerate our revenue growth in FY25 and beyond. The summary of our FY24 financial
performance, is shown below (Rs. stated in Lakh):
It gives me great pleasure to reflect on our journey over the past
fiscal year and to address you with future prospects. With innovation as our primary
focus, we went ahead in our journey towards sustained growth. Our strategies over the
years have led us to be more productive, writing a new chapter of success, year after
year.
The journey of company has undergone can be characterized by
resilience, innovation and relentless customer centricity. It is both an honor and a
privilege for us to be associated with an organization that continually surpasses
conventional boundaries, consistently delivering something extraordinary to its valued
customers.
At present, there is a rise in the demand for conveyor belts in the
mining industry to transport various materials, such as excavated and crushed rocks, in an
efficient manner. This, along with the growing warehouses and distribution centers for
online merchants across the globe, represents one of the key factors driving the market.
In addition to this, the escalating demand for conveyor belts in the building and
construction industry to connect the broken equipment of different levels, sand production
facilities, and screening equipment is positively influencing the market. SCBL is focusing
on developing eco-friendly conveyor belts with self-cleaning properties.
Overall, our performance and strategic achievements across
manufacturing of conveyor belting sector showcase our commitment to innovation and
sustainable growth. Several of these achievements will significantly reduce national
reliance on imports and help secure our international value chains. We have always
believed that we are not just building business; we are contributing to powering
India's future with solutions and advancements.
Our commitment to sustainability and environmental consciousness is
reflected in the continuous evolution of our product range, ensuring that we offer
eco-friendly solutions to address the challenges of the modern world. We have always
believed that to generate superior long-term value, we need to look beyond mere profits
and care for all our stakeholders - our consumers, customers, suppliers & business
partners, people, shareholders and above all, the planet and society. We firmly believe
that our future growth will depend on our multi-stakeholder model and embedding
sustainability across the value chain is indeed non-negotiable.
As we look to the future, I am filled with optimism and excitement
about the opportunities that lie ahead. Our commitment to innovation, excellence, and
ethical practices will continue to drive our success. I would like to extend my deepest
gratitude to our shareholders for their unwavering support and confidence in our vision.
Together, we are poised for even greater achievements in the times to come.
With my warmest regards,
O P BHANSALI
Chairman & Managing Director