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Chairman's Speech at the 28th Annual General Meeting, 26th August 2009 |
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Dear Shareholder members of the Apollo family,
Good Morning. On behalf of the Board of Directors, I have great pleasure in welcoming you to the Annual General Meeting and presenting to you the Annual Report of your Company for the financial year 2008-09.
The Directors’ Report and the financial statements of your Company for the period ended 31st March 2009 have already been provided to all shareholders. With your consent, I take them as read.
I do proceed, beginning with the introduction of the Board Members on the dais and will then detail the financial performance.
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1. Financial Performance
Standalone Performance It gives me great pride to inform you that:-
- Turnover has gone up from Rs. 1152 crores to Rs. 1480 crores, representing a healthy growth of 29%.
- Net profit (before extraordinary item) has gone up to Rs.122 crores from Rs.102 crores, representing a growth of 20%.
- Net profit (after extraordinary item) has gone up from Rs.102 crores to Rs.118 crores, representing a growth of 16%.
- The EPS increased from Rs 18.61 to Rs 19.80, representing a growth of 6%.
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Particulars
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Year Ended
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(%)
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31st March 2009
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31st March 2008
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Turnover (Rs. in crores)
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1480
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1152
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29%
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Net Profit (before extraordinary item)
(Rs. in crores)
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122
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102
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20%
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Net Profit (after extraordinary item)
(Rs. in crores)
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118
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102
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16%
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EPS (Rs.)
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19.80
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18.61
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6%
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Group Performance
- The Group’s total turnover has gone up from Rs 1242 crores to Rs.1635 crores, representing a growth of over 32%.
- Net profit has gone up from Rs.77 crores to Rs.103 crores, representing a growth of 33%.
- EPS increased from Rs.14.10 to Rs.17.63 representing a growth of 25%.
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Particulars
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Year Ended
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(%)
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31st March 2009
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31st March 2008
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Income (Rs. in crores)
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1635
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1242
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32%
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Net Profit (Rs. in crores)
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103
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77
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33%
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EPS (Rs.)
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17.63
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14.10
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25%
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