Dear Shareholders,
I am pleased to present the 30th Annual Report to you amidst
the prosperous times that we all are living in.
With the market indices trading at record highs and upward revision of
our GDP growth estimates by major agencies on the back of robust structural tailwinds, the
Indian economy is poised to touch new heights in the years to come.
By 2027, we would be celebrating 7 decades of our legacy of
ophthalmology practice. But even as we grow, our commitment to serving our patients with
the best eye care services in the country has always been steadfast. The Company having
seen the impact of COVID-19 first hand in FY 21 and FY22, has showcased the resilience as
we have bounced back to set new records with our outstanding financial performance in FY
23 and FY 24. In FY24, we achieved ?319.30 Crores as Revenue from Operations (FY23:
?268.10 Crores) with Profit After Tax of ?46.36 Crores (FY23: Rs.36.92 Crores) showing a
19% and 25% increase in Revenue from Operations and PAT respectively.
We have continued to make significant advancements to complete the
construction of our flagship Center of Excellence on Cathedral Road in FY24. We
exuberantly look forward to inaugurating our new centre in FY25 when we will be able to
offer the finest eye care services in the country to our patients across a wide spectrum
of specialties under a single roof.
Expanding our geographical presence via Eye Clinics was our key focus
this year as we wanted to mitigate the difficulties of our patients to get quality eyecare
services in peripheral locations. We have set up 8 eye clinics in Tamil Nadu and 3 in
Andhra Pradesh in various cities/towns. We have also added 6 surgical centres at Coonoor,
Sholinganallur, Pudukkottai, Tiruvannamalai, Virudhachalam and Namakkal all outfitted with
operation theatres and primarily providing cataract surgeries to the patients.
As we welcome the new financial year with our characteristic zeal to
achieve new highs in clinical excellence, quality of our services and patient
satisfaction, I would like to express my heartfelt thanks to
our stakeholders, including our loyal doctors, patients, directors,
investors, partners, vendors, and employees. Your trust and support have always been the
cornerstone of our extraordinary growth story.
With your support, we will always continue to bring to the patients'
doorstep - quality and affordable eye care services for many years to come.
| Regards, |
| Dr Amar Agarwal |
| Chairman cum Managing Director |
| Dr. Agarwal's Eye Hospital Limited |