BSE:532906 | NSE:MAANALUEQ | 58888:manalu | IND:Aluminium | ISIN code:INE215I01019 | SECT:Metals - Non Ferrous
Chairman & MD Message
Maan has made significant progress this year, in line with our strategy to reduce operational cost and increase revenue and resources across our businesses. Through the year we have delivered better than expected numbers on a quarter on quarter basis, the credit goes to our highly dedicated personal and their commitment to performance and growth. We are also delighted to have provided a Rs 1/- dividend for the year to our shareholder.
We delivered a strong set of numbers for FY 17-18, which once again benefited from our record production and diverse revenue. We recorded our highest revenue of Rs 449.07 crores for the year which is an increase of 26.13% for the previous year. EBITA stands increased to Rs 17.35 crores from Rs 12.80 crores which is an increase of 35.5% on a YOY basis and also basic earnings per share rose by 98% to Rs 9.49.
We are quite positive to improve on our financial performance and looking forward to stronger numbers in the future.
Maan has been committed towards sustainable development, we believe in today’s day and age we have a to be responsible towards the environment and overall social welfare. We are Engaged with communities who provide welfare for humans and animals alike. Employees safety is a key factor and the management and board members are focused on the same. Working on renewables to reduce our carbon foot print is our priority and we feel committed to it.
Industry Outlook and the Future
The Aluminium industry is going through a turbulent face due to duty sanctions imposed by the United States there by creating a disturbed global trade scenario. With risk of trade war looming over our shoulders, the next year is going to be quite challenging and difficult for many players to sustain the market share and margins.
In the forthcoming year we are hopefully to see trade scenario would be in India’s favor and would enhance Maan to maximize its potential.
Finally, on behalf of the board I would like to hand our employees who have contributed to the excellent performance during the year. Our dedicated team providing unrivalled growth and settling benchmark standards will help maintain sustainable growth and maximize shareholder value.
Ravinder Nath Jain
(Chairman & MD)
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