Dear Stakeholders,
I hope this message finds you and your loved ones well. FY 24 has been a significant
year for HMPL, with remarkable success across different areas. Our strong performance
shows our commitment to delivering value while prioritizing environmental sustainability,
social responsibility, and good governance. These values have consistently guided us on
our journey and continue to define our approach to business.
Considering the ongoing business environment, I am immensely proud of our team who
maintained steadfast commitment towards execution and pursuing growth. We achieved major
milestones in several of our projects.
Our reported financial results were strong, with total income to reach 494.60 Cr., and
net profit increasing by 20.40% to 54.88 Cr. for FY 24. We expect this strong growth
momentum to continue in coming years given our FY 2024 sales booking performance. We have
a strong launch pipeline that will help us build upon the growth momentum achieved in
FY24.
The company has completed 100% of work of construction of Rehabilitation & up
gradation of Wakan Pali Khopoli Road (SH-88), 40km. in the state of Maharashtra and also
95% of Construction of Access Controlled Nagpur Mumbai Super Communication Expressway in
the State of Maharashtra on EPC Mode for Package -11 (Section village Kokamthan to village
Derde Korhale) District Ahmednagar.
The company has completed the 92% of Installation of thrie heam crash barrier on median
side of MCW Nagpur-Mumbai Super Communication Expressway (Maharashtra Samruddhi Mahamarg)
for Package 10, 11, 12 & 13 to be executed from Chainage Km 444.885 to Chainage Km
623.379.
Also, the completion of 49% Rehabilitation and up-gradation of NH-66 from 241/300 K.M.
to 281/300 (Arawali Kante section) to Four Lane in state of Maharashtra under Hybrid
Annuity mode in Ratnagiri District.
We believe that the residential real estate sector in India will continue to grow
rapidly in the coming years, providing opportunities for leading developers to participate
in sectoral growth while also gaining market share. These projects will play a crucial
role in ensuring that we meet our goal of growing our sales while also providing us with
the opportunity to expand our margin in line with our objective of achieving an ROE.
Our company understands that the world is currently facing climate change risks and
environmental degradation. Therefore, we believe that our responsibility to bring joy to
our customers extends beyond providing them high-quality homes. We are committed to
running a sustainable business and will continue to strengthen our ESG performance across
our operations to make a positive impact on the environment. Our focus on long-term
sustainability is not only good for the planet, but also for our customers' well-being. We
are dedicated to addressing climate change through prioritized measures involving
mitigation, resilience, transparency, and collaboration.
Our goal is to systematically address climate-related risks and leverage emerging
opportunities for the real estate sector.
We are committed to the health and safety of our employees and all stakeholders. I am
grateful to the team at Hazoor Multi Projects for their exceptional resilience,
commitment, and ambition. We would like to express our gratitude to our customers, joint
venture partners, and business associates for their continued support. Finally, we extend
our thanks to our shareholders for their continued confidence in HMPL.
Finally, we owe thanks to you, our shareholders, for your continued confidence in HMPL.
I end this letter to you with hope in my heart that my next letter to you will be in
better times.
Best regards,
Sd/-
Pawankumar Nathmal Mallawat
(Chairperson)