Dear Stakeholders,
At the outset, I hope you and your family are safe. We are indeed living through very
unusual times and your Company has faced the challenge of Covid-19 pandemic by immediately
mobilizing efforts to protect employees and our immediate communities. In line with the
Resonance philosophy of community being a key stakeholder in the business, we proactively
pivoted our assets to serve our communities to face the pandemic. Our approach to the
pandemic was centered around four key actions of:1. Safety of our employees, communities,
partners and assets 2. Rapid pivot to digital to ensure business continuity 3.
Conservation of cash through cost control, working capital and capex reduction 4. Ensuring
continuous support to our customers and supply chain partners.
On the financial front, Companies operational Revenue stood at Rs. 5620.30/- Lakhs and
is increased by 35% from last year's turnover of Rs. 4,162.94 lakhs. EBITDAincreased by
53.61% to 965.56 Lakhs, while PAT increased by 69.24% to 542.38 Lakhs.
At this point of time, all our plants and R&D centers are operational.
I take thisopportunity to thank our teams for their resilience and agility. While this
pandemichas impacted economic activity, we are confident of emerging stronger as welcome
out of this challenge.Going forward, we expect immediatemarket conditions to be
challenging and your Company is well positioned toemerge stronger by leveraging the
rethinkin supply chain strategies around theworld. I take this opportunity to thank you
all for your continued support and trust in us.
| With Warms Regards, |
| CA Archana Yadav |