Dear Shareholders,
I write this letter at the close of a truly eventful year. The world is bouncing back
from the after effects of the pandemic, and global trade and activity are resuming after a
hiatus of two consecutive years. The pandemic has put us on a steep learning curve,
wherein we have strengthened our business model by focusing on cost and capex as well as
ensuring risk mitigation, basic hygiene to ensure good health and safety of our teams, and
transparency in our operations.
At JAGAN LAMPS, the year saw us achieve several milestones, and we continue to fortify
our position as a leading integrated platform in the Automotive Component Industries.
Despite the slow offtake in vehicles sales due to supply-side issues, especially in the
first quarter, the Jagan Lamps demonstrated a remarkable turn-around in the FY 2021-22.
With an absolute intent to drive value for our stakeholders as well as customers, we are
sharpening our focus on technology and innovation. Keeping in mind the changing landscape
of mobility worldwide, we at JAGAN LAMPS are aiming to become a one-stop solutions
provider.
It has been a spectacular year of all around performances and achievements. We have
achieved records sales and profits once again in the FY 2021-22 and we have made
significant progress on several initiatives and projects that we had set out to accomplish
this year. Your company has performed admirably.
During the year under review, we delivered:
• Total operating revenue increased by 44.95% to Rs. 4469.87 Lacs
• Profit before Tax (PBT) increased by 15.05% to Rs. 334.26 Lacs.
• Profit after Tax (PBT) increased by 14.63% to Rs. 238.91 Lacs.
The world is going through unprecedented challenges like the Supply Chain crisis, China
Lockdown in particular Shanghai, Ukraine-Russia War-this has resulted in one of the
highest inflations we have seen in the world with impacts on interest rates and slowing
down of the economy with a looming and possible recession. Yet we at JAGAN LAMPS are
quietly and cautiously optimistic about having a growth in FY 2022-23 over the
previousfiscal year.
I look forward to sharing with you more milestones in this journey in the coming years.
On behalf of the Board of Directors of JAGAN LAMPS LIMITED, I want to thank you for your
continued trust, confidence, and support.
| ThankYou and Jai Hind |
| Chairman & Managing Director |