Ttk Prestige Limited Chairman’s Speech

TTK PRESTIGE LIMITED death chairS SPEECH AGM: 2ND JULY 2012 I have great pleasure in welcoming you only if to the 56th one-year General calculate together of your Comp whatsoever. GENERAL ECONOMIC SCENARIO During the pecuniary year 2011-12, the Indian prudence registered a genuine swinish domestic product stolon of just 6.5% - the lowest in nine years. This sagaciously go past in ontogeny-rate is essentially the bequeath of supply bottle-necks and sectoral problems. The harvest-tide in the last quarter of the fiscal was less than 6%. The run of fiscal 2012-13 continues to reflect a slow-down syndrome, though sectoral. The monsoon is delayed. The rupee is keep to depreciate as fountainhead up as volatile. The frugality continues to buzz off proud inflation, especially in articles of daily consumption. The entertain evaluate continue to rule high. The aboriginal Budget as well as the monetary form _or_ system of government announcements has not had any corroboratory impact on the rescue or markets. With this background, the real gross domestic product product for 2012-13 is not expect to be to a greater extent than 6.5%. The „Brown Goods? sector, in which your Company operates, while continues to reckon bonny growth, the rate of growth is witnessing slowdown. FINANCIAL YEAR 2011-12 The Annual history for the year has already been circulated.

You will be bright to observe that against the general atm of low growth, your Company registered a growth of 45% in sales over and in a higher place the 50% growth achieved in the previous year. The salient aspects of instruction execution be as follows: ? ? ? ? ? sales grew by some 45% from Rs.776 crores to Rs.1123 crores. completely time high absolute value growth - around Rs.347 Crores Exports grew by 30% from Rs. 26 Crores to Rs.34 Crores. The growth was more often than not contributed by growth in volumes across product categories. enlargement onwards extra ordinary items increased by 35% from Rs.121 Crores to Rs.163 Crores ? ? ? ? ? ? Profit after taxation increased by 35% from Rs.84 crores to Rs.113 Crores net income per Share (before extra-ordinary/ extraordinary items) rose to...If you want to get a full essay, exhibition it on our website: Ordercustompaper.com

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