Dear Shareholders,
It is both a pleasure and a privilege to present the 10th Annual Report
of Pratham EPC Projects Limited ("PEPL"). This year has been exceptional for us,
highlighted by the successful launch of our Initial Public Offering (IPO). This
significant milestone represents a major step forward in our continuous growth and
expansion. The financial year 2023-24 has seen impressive achievements and strong
performance, despite challenges from market fluctuations, high inflation, and government
policies. Beyond strengthening our financial stability, this remarkable achievement has
deeply motivated us to fulfill our commitment to providing exceptional value and earning
the Trust of our valued stakeholders. With the steadfast support of our investors and
partners, we are excited to begin this new chapter in our journey, building on our proud
legacy of excellence and reinforcing our position as an industry leader.
As we are aware, our role as a one of the leading Oil & Gas
pipeline infrastructure service provider in India positions us at the forefront of an
essential sector. We specialize in constructing pipeline networks and associated
facilities, and we provide crucial Operations & Maintenance services to City Gas
Distribution (CGD) companies throughout the country. As an integrated EPC company, we
offer a broad spectrum of pipeline and related services tailored to meet the needs of the
oil and gas industry.
Our journey has established us as a foremost pipeline laying company,
driven by our dedicated efforts and strategic planning. We have skilfully managed industry
challenges and adapted to evolving customer needs, frequently completing projects ahead of
schedule, which has enhanced customer trust. Furthermore, our strategic expansion into new
regions with high infrastructure demand has broadened our operations and strengthened our
competitive position, ensuring strong margins and continued success
I am pleased to share that we have attained significant milestones in
our journey. Over the years, we have successfully completed more than 30 projects,
totaling approximately Rs 20,000 Lakhs. Our execution capabilities have significantly
expanded, both in terms of the scale of projects we undertake and the number of projects
managed simultaneously
Our company is proud of its talented project teams, which help us
finish projects early and cost-effectively. We arc delighted to announce that the company
has recently been awarded a substantial new work order valued at Rs 497 Crorcs (excluding
GST) by M/s. Sun Petro Chemicals Private Limited on April 12, 2024. This new contract
represents a notable increase of approximately 25% over the previously stated work order
amount and underscores our continued growth and expanding market presence.
I am excited to announce that our company's growth has been
exceptional. In the year 2023- 24, we saw a substantial increase of 37.11% in our
turnover, reaching Rs 6883.40 Lakhs, up from 5020.35 Lakhs in FY 2022-23 on a standalone
basis. Additionally, our PAT grew impressively by 31.49% ycar-ovcr-ycar, totaling Rs
1004.72 Lakhs, compared to Rs 764.12 Lakhs in the previous year.
On a consolidated basis, the Company's turnover recorded a growth of
38.54%, totaling Rs 6955.34 Lakhs for FY 2023-24 compared to Rs 5020.35 Lakhs in FY
2022-23. The Company's PAT witnessed a growth of 30.26% YoY, amounting to Rs 997.10 Lakhs
compared to Rs 765.46 Lakhs in the previous year.
As wo move forward, we will stay guided by our core values and
dedicated to creating a bright future for our shareholders, employees, and communities.
On behalf of the Pratham Group, I want to extend my heartfelt thanks to
all our team members for their unwavering support and dedication to the Company. I also
wish to express my gratitude to our customers, suppliers, associates, and stakeholders for
their trust and continuous support.
We remain committed to creating long-term, sustainable value for
everyone by maintaining consistency and flexibility. I look forward to an exciting journey
ahead, working together to achieve our shared goals.