Dear Shareholders,
I am pleased to present the 14th Annual Report on the
performance of the company for the financial year 2023-24 and invite the shareholders to
participate in the ensuing Annual General Meeting of your Company. In this Financial Year,
the Company reported consolidated revenue Rs 79,331.08 lakhs as compared to Rs 53,816.17
lakhs in the previous year, registering a growth of 47.41%. The consolidated net profit
after tax for the FY 2023-24 is Rs 15,266.32 lakhs as compared to Rs 10,885.13 lakhs in
the previous year, representing a growth of 40.25%.
Our first year as a publicly listed company has been marked by
remarkable achievements and milestones. We have navigated the complexities of the market,
embraced new opportunities, and delivered strong performance. This year has been a
testament to the hard work, dedication, and resilience of our entire team.
Your company is dedicated to the highest standards of corporate
governance ensuing ethical conduct and sustainable value creation for all stakeholders and
we are committed to listening and responding to feedback, and in our opinion, the
stakeholder engagement as a key driver of our success. By working collaboratively with our
stakeholders, we can identify opportunities for improvement and create value that benefits
everyone involved.
Our commitment must be to harness these innovations, integrating them
into our operations to enhance efficiency, reduce costs, and improve the quality of the
water we provide. By leading with technology and creativity, we can set new industry
standards and offer solutions that are both effective and adaptable to the challenges of
tomorrow.
I express my sincere thanks all our customers, shareholders, business
associates, employees and other stakeholders for their unflinching commitment and support.
I would also like to convey my sincere appreciation to the Board of
Directors for their guidance and mature counsel. I look forward to your continued support
for our shared vision to create value for all our stakeholders and deliver happiness.
Thank You Ramveer Singh
Chairman