Dear Shareholders,
It is with great pride and gratitude that I present to you, the Annual Report for FY
2023 -24 for RUDRA GAS ENTERPRISE LIMITED. In FY 2023-24, we witnessed a momentous
achievement with our successful Initial Public Offering CIPO ) in February 2024, which
marks a significant milestone for our Company. I convey my sincere gratitude to all the
stakeholders, who have continued to encourage us with their invaluable faith and guidance
in our journey forward.
In a rapidly evolving industry, Rudra has continued to build on its strong foundations.
This year has been a testament to our resilience, growth, innovation and commitment to
advance our mission for venturing into several business verticals that demand skilled
engineering, technical and managerial skills along with a fine flair of marketing and
liaison to deal with the cores of the business.
Despite the complex and dynamic challenges faced globally, we have successfully
navigated through these times, thanks to our steadfast commitment to innovation and
quality. Our strategic focus is on expanding the Gas Distribution NetWork Projects &
Fiber Cable NetWork Project through proper market reach, and enhancing our quality to
deliver strong financial performance and sustainable growth.
Rudra's total revenue for FY 24 increased from Rs. 4957.03 lakhs to Rs. 6405.57 Lakhs,
as compared with the total revenue for the same period in FY 23. Profit after Taxes
("PAT") increased from Rs. 362.39 lakhs in FY23 to Rs. 472.82 lakhs in FY24.
At Rudra, we believe that innovation, combined with our strong operational
capabilities, will propel us to achieve new heights and open up new opportunities for
growth.
In closing, I reiter?te my deepest appreciation to our dedicated employees, valued
customers, loyal shareholders and all other stakeholders. Your support has been
instrumental in our success, and I am confident that together, we will continu? to
achieve new milestones.
Thank you for your continued trust and partnership.
| Yours Sincerely, |
| Kush Patel |
| Chairman and Managing Director |