The economic revival had a significant impact on your Company’s business, which showed marked growth across the major business segments. With an all-time record net sales of Rs. 634 crores in the 4th quarter, the total net sales for the year touched Rs. 2,031 crores. Operating profit went up by 28% in the current year. PAT for full year stood at Rs.34 crores.
Overall, the cables and wires business achieved 17% growth in value terms, with the turnkey project division contributing to the maximum growth. EPC performed
remarkably well, growing almost four times over the previous fiscal.
Exports, however, took a dip due to multiple constraints, but with many of the projects that could not be executed in the last quarter subsequently moving into the execution stage, the business in this segment is getting back on track.