I am happy to report that your company has improve its standalone
Profit After Tax (PAT) by 10%, from Rs. 732.49 lakhs to Rs. 805.75 lakhs which suggests
effective cost management and operafional efficiencies;
however, your company saw a decrease in gross revenue, from Rs.
18,939.33 lakhs to Rs. 17,535.96 lakhs, which is due to various market or economic
factors. The Standalone Earnings Per Share (EPS) also showed a posifive trend, increasing
from Rs. 7.57 to Rs.
8.33. This indicates that the company's profitability on a per-share
basis has improved.
The plan for 2025-26 is to reach a revenue target with a higher
consolidated PAT. We are confident that both of our subsidiaries EC Wheels India Private
Limited and Ethiopia-based Steelman Infrastructure Services, will become more self-reliant
and contribute positively towards growth and profitability. Looking further into the
future your Company is all set to grow steadily at 30%- 50% year-on-year.
No report from any responsible organisation should go without a mention
of the contributions made to the environment and society. From this perspective, it makes
me proud to mention that your company scores are high. As you are aware we hold a 50.66%
share in our subsidiary, EC Wheels which operates a 100% electric vehicle-powered fleet
offering ride-hailing service in Kolkata, under the brand name Snap-E cabs. Every
Kilometre run by Snap-E cabs saves on the opportunity cost of fossil fuel usage and
increases the green cover of the city. Not stopping at that EC Wheels has rolled out
charging infrastructure across Kolkata for EV Charging and will be adding more such
facilifies to augment EV Charging facilifies for captive and public requirements, thus
motivating the adoption of Zero Emission vehicles.
You will also be happy to note that Steelman Telecom is committed to
contribute on Corporate Social Responsibility (CSR) inifiafives, focusing on supporting
the education of underprivileged children, empowering them with knowledge and skills and
providing basic necessities like food and residence, ensuring a stable foundation for
these children. By expanding geographical coverage and increasing the number of
beneficiaries, Steelman Telecom can make a more significant impact.
Telecommunications are no longer just about connectivity, it is about
empowerment, inclusion, and transformation. We at STEELMAN TELECOM LIMITED are proud to
play a leading role in shaping that future. Let me assure you that we remain committed to
delivering value not just financially, but also socially and technologically. Together, we
will build a more connected, inclusive, and intelligent tomorrow.
Thank you once again for your unwavering support. |
Warm Regards, Yours truly, Sd/- |
Girish Bindal Chairman |