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अस्टेक लाइफ

बीएसई: 533138  |  NSE: ASTEC  |  ISIN: INE563J01010  |  Pharmaceuticals

खोजें अस्टेक लाइफ कनेक्शन Mar 17
अध्यक्षीय भाषण साल : Mar '19

Dear Shareholders,

Astec continued on its journey of sustained growth during the Financial Year 2018-19. Total Revenues grew by 16.64% from Rs. 37,895 Lakh during 2017-18 to Rs. 44,200 Lakh during 2018-19. Exports increased from 54.61% of Sales during 2017-18 to 56.38% of Sales during 2018-19. Profit After Tax (PAT) improved by 2.05%, from Rs. 3,497 Lakh during 2017-18 to Rs. 3,569 Lakh during 2018-19. PAT growth did not keep up with Revenue growth due to sudden changes in input costs in the last Quarter, which we were unable to pass on to our customers.

Problems in China continued due to strict environmental controls introduced by their Government in line with their ‘blue skies’ policy. This was compounded by some major accidents that shut down several major industrial hubs in China resulting in sharp and frequent increases in input costs which led to pressure on margin. However, Western and Japanese customers continue their strategy to de-risk their supply chain from China and this will result in further increase in demand for our products.

Astec’s increased capacities were essential to responding to the increased demand for our products. Astec’s long term relationships are key to getting a significant share of the increased demand.

The Company’s contract manufacturing business also performed well and we saw strong demand for our products. We also have several projects in the pipeline which will be rolled out over the next few years.

A new plant to manufacture the intermediates was commissioned during 2018-19 and is performing as per expectations. This has led to improvement and stability in margins and less dependence on China.

We have also undertaken additional projects in this Financial Year to cater to new products and backward integration with a clear strategy to reduce our dependence on China and to be a preferred partner for new products that our customers need. We will also be installing and commissioning a new herbicide plant.

Our Research & Development (R&D) team continues to develop new products at a healthy pace. We will commercialize 2 (two) new products in the current Financial Year. We will also expand our R&D footprint during this year.

We are in the final stages of purchasing a new site for a major R&D Centre, which will result in a quantum jump in our R&D capabilities. We hope to commission this facility in the next 18 (eighteen) months.

Our Environment, Health and Safety team continued its excellent work. Your Company received the prestigious Indian Chemical Council award for “Excellence in Management of Health and Safety”.

Your Company’s short term rating has been upgraded from “A1” to “A1 ” and the long term rating from “A” to “AA-”.

Our CSR activities continued in line with the Group’s Good and Green philosophy. We worked on projects in the area of education, water and sanitation. Our programme to enhance rural livelihood of communities in the areas of our manufacturing plants yielded good results.

Finally, I would like to express my sincere appreciation to all our employees, for their contribution towards the performance of the Company. I also appreciate the support received from our customers, suppliers, various Government departments and gratefully acknowledge the continuous support of all our Shareholders.

Your sincerely,

Ashok Hiremath

Managing Director

स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • BREAKING NEWS LOWER : मुनाफा `3,197.1 Cr (`3,250 Cr का अनुमान था)
  • BREAKING NEWS LOWER : आय `44,245 Cr (`46,000 Cr का अनुमान था)
  • BREAKING NEWS LOWER : EBITDA `5,120.7 Cr (`5,555 Cr का अनुमान था)
  • BREAKING NEWS LOWER : EBITDA मार्जिन 11.6% (12% का अनुमान था)
  • BREAKING NEWS LOWER : `8/Sh अंतिम डिविडेंड का एलान किया
  • BREAKING NEWS LOWER : Order Inflow `57,785 Cr
  • BREAKING NEWS LOWER : इंफ्रा आय `27,093.5 Cr से घटकर `25,559.7 Cr
  • BREAKING NEWS LOWER : इंफ्रा EBIT `3,088.3 Cr से घटकर `2,626.6 Cr
  • BREAKING NEWS LOWER : इंफ्रा EBIT मार्जिन 11.4% से घटकर 10.3%
  • BREAKING NEWS LOWER : Power Biz आय `934.3 Cr से घटकर `565.3 Cr

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