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Jaihind Projects Ltd.

BSE: 531339 | NSE: JAIHINDPRO | Series: NA | ISIN: INE343D01010 | SECTOR: Construction & Contracting - Civil

BSE Live

Jan 25, 16:00
3.04 0.00 (0.00%)
Volume
No Data Available
44,251
  • Prev. Close

    3.04

  • Open Price

    3.04

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    3.04 (355543)

Jaihind Projects is not traded on BSE in the last 30 days

NSE Live

Jan 25, 15:40
2.40 0.00 (0.00%)
Volume
No Data Available
14,119
  • Prev. Close

    2.40

  • Open Price

    2.50

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    2.40 (15200)

Jaihind Projects is not traded on NSE in the last 30 days

Annual Report

For Year :
2014 2013 2012 2011 2010

Chairman's Speech

Dear Stakeholders, The last two years have been extremely difficult for your Company. The year 2013-14 marked a subtle turnaround in the fortunes of the global economy. The economic conditions are expected to remain uncertain in India and across the globe for short/medium term. Emerging markets, however, experienced some deceleration in their growth. The Government of India (GOI) is taking several measures to boost the infrastructure sector. Further, budget 2014-15 promises better business opportunities for infrastructure companies, especially the ones in construction sectors. The FM allocated funds for improving infrastructure roads, ports, airports, railways and industrial infrastructure besides ensuring adequate flow of funds and financing of projects. Hence, one can look at the future with optimism since Bharatiya Janata Party (BJP) led by Shri Narendra Modi has made the most resounding victory if one were to focus on the National Democratic Alliance. India''s GDP grew at a modest rate of 4.7% during the year 2013- 14 against the forecast made by the Government at the rate of 4.9%. Due to various negative impacts in the Economy, all infrastructure players have affected adversely. We were not invulnerable to this trend and the industry''s downwards trend reflected in our results in this year too. The Company has earned consolidated revenue of Rs 33225.33 Lacs in Financial Year 2013-14 from Rs 34737.71 Lacs in the FY 2012-13. The company has incurred a net loss of Rs 2410.15 Lacs (FY 2013-14) from net loss of Rs 6598.71 Lacs (FY 2012-13). However, the Company was able to fight off with the inflationary pressure due to a good order book position resulting in reduction of net loss as compared to previous year loss. As an environment of carefulness prevailed during the year, we left no stone unturned in improving our operational efficiencies. We streamlined our business processes, trimmed overheads and optimised construction costs, focused on receivable realization and general severe measures. However, a business can be sustainable only when you consolidate and rejuvenate from time to time. While this process is sometimes painful, it is essential for rejuvenation. The future is tough but we are well geared to prevail over the challenges. Having travelled through the toughest time on the history of the Company, the Company is weighing options carefully. We strongly believe that the Company will overcome from this difficult situation. Though, the Company is yet to compensate the cost of two years of its inaction towards fuller utilisation of its abilities and skills in right direction. We must thank all of you, who have stood beside us in the tough times. We also earnestly thank our shareholders for placing their faith in us. We always strive towardsre-writing the future and with it India and your Company will grow rapidly. And that the JPL will come back on driver seat once again. Thank you very much. Yours truly, Prakash L. Hinduja Chairman & Managing Director