Our comprehensive understanding of materials science and advanced
application engineering positions us to address evolving market demands efficiently and
innovatively.
We are equally committed to upholding our core values – working
safely, working ethically, treating people fairly, and protecting our business. These
principles are embedded in everything we do.
Dear Shareholders,
I am delighted to present an update on the performance of Morganite
Crucible (India) Limited for FY 2024-25.
Our focus on delivering long-term value is unwavering, underpinned by a
well-defined strategy. Our comprehensive understanding of materials science and advanced
application engineering positions us to address evolving market demands efficiently and
innovatively.
We are equally committed to upholding our core values – working
safely, working ethically, treating people fairly, and protecting our business. These
principles are embedded in everything we do.
While our revenue performance in FY 2024-25 was ultimately
disappointing due to weak demand in our export markets, our commitment to maintaining the
strength of our balance sheet was evident in the strong margin performance the company
delivered during the fiscal year.
Looking ahead, we are confident in our ability to deliver exceptional
value to our stakeholders. Our long-term strategic vision, coupled with our dedicated
team, ensures that we are well-prepared to capitalise on emerging opportunities and
continue our trajectory of growth and excellence.
I would like to extend my gratitude to the Board members for their
unwavering support in driving the organisation's success.
I would also like to express my sincere appreciation to our employees,
business partners, and investors for their unwavering support during these challenging
times.
Thank you for continuing to support our business and our vision.
| Yours Sincerely, |
Dr. Aniruddha Karve |
| Director |
Morganite Crucible (India) Limited |