Dear Shareholders,
As I write this message, I filled with pride and gratitude for what we have achieved
together. The true growth lies in our ability to evolve and adapt, constantly pushing the
boundaries of excellence. This year marks a significant milestone for Kinetic group as
Kinetic Engineering forays into making chassis, swing arms & other body parts for the
E-Luna. The circle is now complete and other initiatives are already delivering multi
bagger return to our shareholders by touching new highs of company share price.
The global economic landscape is dynamic due to geopolitical issues, particularly
stemming from recent conflicts in the Middle East, affecting commodity markets and
dampening global growth prospects and also influencing the pace of economic activities
While short term fluctuations are part & parcel of the industry, our future is bright
by our focus on our strategy, continue to focus on exports, and keep eye on the ever
changing EV market.
As strategy spelt out, the company's business has increased with Ashok Leyland and of
Mahindra and Mahindra CNG gear boxes (new version). We are further targeting major ramp up
in E-Luna Chassis, Fabricated parts and gear boxes on the EV side, and exciting
developments can be expected at Kinetic Watts & Volts, the new subsidiary for KEL. We
are cementing and strengthen our relationship with our all valued customers. During the
financial year, your Company has achieved net profit of Rs. 521.51 lakhs, a 66.58% jump
over the previous year's profit. It also achieved revenue growth of 10.42% at Rs. 151.83
cr., compared to last year's revenue of Rs.137.50 cr. Our 50 year + experience now needs
to be coupled with refurbishment, addition of technologies & bringing youthful
dynamism within our workforce & work places.
As we navigate the dynamic landscape of Indian automotive, we are committed to
delivering excellence and creating long-term value for all our shareholders. I express my
heartfelt gratitude to our team for their dedication and hard work.
Regards,
Padmashri Dr. Arun Hastimal Firodia
Chairman Kinetic Engineering Limited