Dear Shareholders,
I am extremely proud to present the 07 Annual Report of Sagar Diamonds Limited, BSE SME
Listed Company as the Managing Director. When we look at Sagar Diamonds
• today, we can see that it has been a year of great transition for the Company.
There were recurrences of COVID waves, coupled with other headwinds, such as
geopolitical tensions and disrupted business operations worldwide. Nonetheless, I am proud
to announce that in the face of multiple difficulties, we, at Sagar, sailed through with
grit and recorded a promising and tremendous performance.
I am pleased to say that your Company has delivered competitive, profitable and
remarkable growth. The Company's performance has consistently been improving year by year.
Financial year 2022 was an excellent year with revenue growth of 120.70% over Financial
year 2021 recording the highest revenue in the history of the Company. We ended the year
with profit after tax of Rs.2,907.68 lakhs and recorded growth of 228.24% over previous
year.
During Financial year 2021-22, Your Company's Export Sales has been recorded of Rs.
4,83,997.04 lakhs against export revenue recorded of Rs. 1,86,879.39 lakhs in the previous
year. Your Company has successfully exported Diamonds and Jewellery in its Brand name to
Hong Kong.
Details of our growth Strategies and company' performances during Financial Year
2021-22 have been elaborated in the Director Report and Management Discussion Analysis
Report Section of this Annual Report.
I would like to thank all our consumers, Bankers, employees, Suppliers who are directly
or indirectly associated with the company for their support and commitment, which helped
us reach where we are now.
I would like to thank our shareholders for their trust and encouragement and assure to
serve strong and Profitable and Sustainable Growth.
With Warm regards
Mr. Vaibhav Dipak Shah
Chairman & Managing Director
Sagar Diamonds Limited