30 Jan, EOD - Indian

SENSEX 76759.81 (0.30)

Nifty 50 23249.5 (0.37)

Nifty Bank 49311.95 (0.30)

Nifty IT 42426.65 (-1.14)

Nifty Midcap 100 52714.25 (-0.01)

Nifty Next 50 62193.15 (0.08)

Nifty Pharma 21419.65 (1.21)

Nifty Smallcap 100 16560.5 (0.12)

30 Jan, EOD - Global

NIKKEI 225 39555.15 (0.10)

HANG SENG 20225.11 (0.14)

S&P 6128.75 (0.29)

LOGIN HERE

companylogo

You are Here : Home > Markets > CompanyInformation > Company Background
BSE Code : | NSE Symbol : | ISIN : | Industry : |


Chairman's Speech

PENNAR PROFILES LIMITED Chairman's Review I welcome you to the Tenth Annual General Meeting of your Company. The aluminium extrusion industry in India is presently going through a very difficult period due to fall in demand. The growth expected in infrastructure, communication, construction and automobile sectors in the country has not materialised. The aluminium extrusion industry has also suffered due to recession in the country. There has also been a significant increase in the supply position as 25 new extrusion units have commenced operation, four of them in Hyderabad itself. This has resulted in a steep fall in prices and unit contributions. The performance of your Company was affected due to this intense competition. Your Company has developed a good export market base in Europe. The demand for aluminium extrusions in this market is very huge. The Company has doubled its export turnover during the second half of the year under review compared to the previous year. The Company's efforts will be to put a strong emphasis on increasing exports. Since your Company's sales are export based, it would be possible to avail cheaper credit to reduce financing cost. The product development exercise undertaken in the industrial segment during the year has started yielding results. Your Company would concentrate more in this segment during the coming years to improve its performance. You are aware that this Company was a sick company at the time of its takeover by the Pennar Group and was turned around earlier. Considering that the Company has developed a good export market, it would be possible to achieve a turnaround again. During the period under review, KPMG Peat Marwick LLP, USA, has reviewed the ISO 9002 Certification and reaccredited your Company. I wish to conclude by expressing my sincere thanks to all my colleagues on the Board for their cooperation and guidance. I thank you for the support and encouragement to the Company. Hyderabad Dr N Kondal Rao March 22, 1999 Chairman


Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +