One Year has flown by and it is my pleasure to share with you details of your Company’s performance and the path we have carved going forward.
As most of you are aware, your Company has been delivering consistent returns over the years and is firmly on the growth path. You company’s revenue grew by 104% to Rs. 112.75 million and Profit After Tax (PAT) jumped 256% to Rs. 19 million with 871bps improvement in operating margin for the financial year ended on 31st March 2016 as compared to previous Year.
During the year MRSS India continued to take a number of initiatives to broad base our service offering to capture growing share of digital market research. We continue to receive encouraging response from our clients in terms of repeat & broader mandates.
The bedrock of our strategy relies on products, partnerships and people. We are committed to leveraging these for profitable growth in coming years.
We constantly strive to increase our value proposition through incorporating new technologies and processes for better data collection & analysis to drive actionable insights leading to repeat business from our clients. We are further pursing strategic alliances and joint ventures in Digital Market Research. In the customized research business people are at the core of it because it involves servicing, domain expertise and International knowhow, we are investing in all of the above.
We at MRSS India firmly believe that strong relationships at every level remain at the core of your company’s success in the long run, necessitating evolving human resource and client engagement policies in fast paced market place. That is going to be key driving force behind revenues and profits growth going ahead.
Anchored on our core values and led by a team of hardworking and passionate people, your Company is working towards creating a robust foundation for a sustainable future growth. We sincerely acknowledge the confidence and trust you have placed in us, right along the journey. You, our valued shareholder, are the cornerstone of our motivation for greater success.