Our aggregate sales (including subsidiaries) Increased 5.22% to 3163.46 crs
in FY 16-17 on account of increased customers demand.
The quantum of exports has been increasing in the last four years; the proportion of exports in the Company’s revenues has been maintained at a high 50-51 percent across the four years ending FY 16-17.
The Company succeeded in reducing working capital intensity in its business at around 38 percent of revenues, which is a creditable achievement at a time of sectoral slowdown.
Our ROCE strengthened from 23.3% to 24.% in FY16-17,.
The Company’s RoE increased from 23.3%% in FY15-16 to 24.2% in FY16-17.
The Company’s operating profit grew every single year through the last five years. The Company reported a 13.32% increase in its operating profit in FY16-17, This was the result of capacity investments, cost reduction, product mix changes and a larger share of the customer’s wallet.