Managing our financial capital

We have a robust financial management process that assesses the requirement of funds for business operations as well as for investments towards future growth opportunities. Our endeavour is to use internal accruals and cash from operations to meet the funds requirements. At all times, we ensure that we have the appropriate level of capital for growth projects and adequate liquidity to support our operations.

During FY 2022-23, growth was competitive but margins were impacted due to extreme cost volatility. Further, profitability was impacted due to the recognition of provisions for slow moving inventory and impairment of intangible assets. However, our long-term growth strategy remains on track with our focus on sustainable and profitable growth.

From FY 2018-19 to FY 2022-23, our total revenue grew to 1.5 times.

Our Financial Performance