to Shareholders
Dear Shareholders,
The 2022 has been a challenging year compared to previous years because of the
continued situation of Pandemic COVID-19 in the first quarter and war between Russia and
Ukraine. The Business environment remained challenging due to unavailability of
transportation, increased prices for raw materials and freight, and unavailability of
materials.
The company's management has made a preliminary assessment of the likely adverse
effects of war between Russia and Ukraine on its business and taken steps to mitigate
those effects.
Our company appreciates the cooperation of its employees in overcoming this challenging
situation and dealing with the material effects of the war between the two countries.
Advait has delivered strong performance and reinforced the leadership in the industry.
This image has been created by efficient organizational structure, technologically
advanced system, strong financial capability, and continuous efforts of the employees.
These characteristics allow us to continue creating value for the society in general and
for our shareholders in particular as demonstrated by the results obtained in 2021-2022
from an operational and financial perspective.
As a result of continuing efforts to overcome the effects of the Russia Ukraine War and
COVID-19 Pandemic, the company achieved positive growth in financial performance. At
Advait Standalone level, our revenue increased by 24% to Rs. 72 crore, and we continued to
maintain a positive EBITDA margin of 14.65% and a good PAT margin of 9.76%. This is due to
the company's primary focus on working capital management and generating positive cash
flow through various projects.
The company has one associate company TG Advait India Private Limited in which the
Chinese company's stake exists. Even strict government norms after Covid-19, the company's
consolidated performance grew positively this is because of the positive approach toward
the threat and thereby finding the opportunity to cope with the same at Consolidated
level, our revenue increased by 19% to Rs. 78.65 crore, and we continued to maintain a
positive EBITDA margin of 14.71% and a good PAT margin of 6.65%.
Under the MAKE IN INDIA Mission, the company has built up a manufacturing factory for
stringing Tools and Joint Box in Borisana Kadi, Mehsana district to meet the needs of the
local market and minimize production costs. The company has executed exclusive agreement
with council of Scientific and Indsutrial Research (CSIR), New Dehli for transfer of
CSIR-SERC technology on Emergency Retrieval System.
Looking ahead, the company will complete its second year of listing this year and plans
to move toward main board listing. In addition, the company intends to work on EPC
projects for green hydrogen and renewable energy plants.
I took forward to sharing with you more milestones in this journey in the coming years.
On behalf of Board of Directors of Advait Infratech Limited I want to thank you for your
continues trust, confidence and support.
Warm regards,
Shalin Sheth
Managing Director
Din:- 02911544
Date:-28th May, 2022.