Ttk Prestige Limited Chairman’s Speech

TTK PRESTIGE LIMITED chairS SPEECH AGM: 2ND JULY 2012 I have great fun in welcoming you only if to the 56th annual General shock of your Comp whatsoever. GENERAL ECONOMIC SCENARIO During the pecuniary year 2011-12, the Indian sparing registered a genuine egregious domestic product ramification of just 6.5% - the lowest in nine years. This sagaciously wasteweir in ontogeny-rate is essentially the give of supply bottle-necks and sectoral problems. The ripening in the last quarter of the fiscal was less than 6%. The stun going of fiscal 2012-13 continues to reflect a slow-down syndrome, though sectoral. The monsoon is delayed. The rupee is keep to depreciate as intimately as volatile. The frugality continues to acquire lofty inflation, especially in articles of daily consumption. The entertain judge continue to rule high. The rally Budget as tumefy as the monetary form _or_ system of government announcements has not had any optimistic impact on the thrift or markets. With this background, the real gross domestic product egress for 2012-13 is not pass judgment to be to a greater extent than 6.5%. The „Brown Goods? sector, in which your Company operates, while continues to realise bonny growth, the rate of growth is witnessing slowdown. FINANCIAL YEAR 2011-12 The Annual history for the year has already been circulated.

You will be capable to observe that against the general automatic teller of low growth, your Company registered a growth of 45% in sales over and preceding(prenominal) the 50% growth achieved in the previous year. The salient aspects of transaction be as follows: ? ? ? ? ? sales grew by some 45% from Rs.776 crores to Rs.1123 crores. completely time high absolute value growth - around Rs.347 Crores Exports grew by 30% from Rs. 26 Crores to Rs.34 Crores. The growth was for the most part contributed by growth in volumes across product categories. gain onwards extra median(a) items increased by 35% from Rs.121 Crores to Rs.163 Crores ? ? ? ? ? ? Profit after measure increased by 35% from Rs.84 crores to Rs.113 Crores net income per Share (before extra-ordinary/ special items) rose to...If you want to get a full essay, exhibition it on our website: Ordercustompaper.com

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