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Your Directors are pleased to present the 29th Annual Report together with the audited financial statements of your Company for the financial year ended 31st March, 2015.
Financial Highlights and State of Affairs of the Company
(The financial discussion in this section is based on Standalone Financial Statements)
Your Company reported an industry–beating performance in an otherwise sluggish housing sector. The Company's net sales grew by 19% from Rs.1875 crore in 2013–14 to Rs.2224 crore in 2014–15.
The team's efforts in raising shop–floor efficiencies and marketing effectiveness facilitated in improving business profitability despite inflationary headwinds. EBIDTA grew by 20% from Rs.237 crore in 2013–14 to Rs.286 crore in 2014–15 and the EBIDTA margin stood at 12.86% in 2014–15 against 12.66% in 2013–14.
Profit after tax grew by 44% from Rs.117 crore in 2013–14 to Rs.168 crore in 2014–15. The earnings per share (basic) increased from T15.70 in 2013–14 to Rs.21.80 in 2014–15; the book value per share grew from Rs.68.46 in 2013–14 to T90.89 in 2014–15.
No material change have incurred after close of the year till the date of this report, which have effect the financial position of the Company. The Company has an adequate internal financial control commensurate with the size, scale and complexity of operations. State of Affairs of the Company is disclosed in the management discussion analysis section which forms part of this report.