Dear Stakeholders,
At Vidhi, our mission is to Concentrate on the four Key Factors Leading
to complete customer satisfaction viz. Quality, Timely Shipment, Technical Backup and
Excellent After Sales Service.
I hope that you and your loved ones are safe and in good health.
Let me start this speech with the words of Mr. Ratan Tata. He once said
‘Ups and downs in life are very important to keep us going, because a straight line
even in an ECG means we are not alive?
Now let me take this opportunity to report back to you on your
Companies performance as well as the future outlook:
The financial year 2021-22 was another exceptional year & an
unusual year not only for India but for the globe due to 2nd and 3rd wave of Covid-19
Pandemic and Russia-Ukraine war by the end of the year. In this yet another difficult year
as well ‘Vidhi? has outperformed and have profitability. Despite partial
Lockdown in FY 21-22 & subsequent restrictions across the year, it gives me an immense
pleasure to inform you that the revenue from operations of your Company stood at Rs. 537
Crs. a growth of 101.59% as compared to the preceding Financial year i.e. 2020-21.
Your company is optimistic of revenue & profitability growth going
forward due to penetration into newer geographies, addition of new customers, addition of
wallet share from existing customers, enhancement of product portfolio and operational
efficiencies & operating leverage. This has led to an increase in EBITDA by 59.07% in
the year 2021-22. I am wrapped to share with you all that your Company has earned net
Profit after tax of Rs. 58.76 Crs. in FY 2021-22 which is the new highest ever net Profit
in the history of the
Company.
You will be pleased to note that considering the improved operational
and financial performance, Company has declared a Final Dividend of Rs. 0.20/- per share
of Rs. 1/- each and an Interim Dividend of Rs. 0.40/- per equity share of Rs. 1/- each
(totaling to Rs. 0.60/- per share i.e. 60%) during the financial year 2021-22 and has also
recommended a final dividend payment of Rs. 0.40/- per equity share of Rs. 1/- each (i.e.
40%) for the financial year 2021-22.
In this challenging environment, your company and the management team
have taken multiple initiatives for safety and wellbeing of our employees. During the
partial lockdown we had swiftly moved to work from home model and also provided training
to employees in multiple functions to enhance skills and improve productivity and extended
our support to the workforce financially and mentally. While operating we have ensured to
follow all required measures to ensure safety and security of all our employees.
While we march ahead effortstowards making
activeourbusinessgoals,wealsomakeconscious contributions to society and environment. We
have invested in adequate pollution control equipment's as we believe in sustainable
environment. Our regular contributions and initiatives towards uplifting several people in
various aspects are our humble endeavor to make our world a better place.
I would like to reassure you that your Company will remain focused and
committed on operational excellence and deliver strong growth and enhance shareholders and
other stakeholders' values in every possible ways.
I would like to thank all the stakeholders and the company?s
employees who have stood by us in the last year and helped us deliver sustainable growth
even in the Covid times.