TO STAKEHOLDERS:
It gives me immense pleasure to share my view with our valued stakeholders and present
34th Annual Report for the year 2017
18. I am pleased to report that during the year 2017-18, your Company has delivered
superior financial operational performance. Our financial and operational performance in
F.Y. 2017-18 was outstanding with strong growth in revenues and record net profit. Let me
highlight some of the major accomplishment during the year 2017-18, which would not have
been possible without your support.
• During year 2017-18yourCompanyachieved turnover of'17952.05 Lakhs against a
turnover of '14770.45 Lakhs during FY 2016-17.
• During the year 2017-18, your Company earned a profit after tax (PAT) of'1647.20
Lakhs against a profit of '571.48 Lakhs incurred during FY 2016-17 which is more than
288.23 % higher than previous year.
• The Board has recommended a dividend of' 0.10/- (@10%) per equity share of' 1/-
each.
Exceptionally skilled and dedicated employees have essentially resulted in Company for
achieving successful results in FY 201718. They continue to be the backbone of your
company for achieving the vision of the company, with a strong emphasis on Productivity,
Customer Satisfaction, Safety, Health & Environment Management, Corporate Social
Responsibility and Care for Employees". Your Company has always placed a very high
importance regarding focus on employee welfare and employee relations and continues to
enjoy cordial and harmonious relationship with all the employees.
Your Company believes that businesses that address the needs and aspirations of
Customers as well as social and environmental challenges will thrive in the long term.
This is the foundation of what it means to be future ready.
I would like to place on record my sincere appreciation to the Board of Directors for
their expertise and guidance. On behalf of the Board, I would also like to express my
gratitude to all our stakeholders for their continued support, patronage, trust and
confidence.
Ramakant Bhojnagarwala
Chairman Cum Managing Director