Vinayak Polycon International Limited has successfully completed 15 years of journey and entering into another magnificent / splendid year with the Mission and Vision of the Company. Vinayak Polycon believes in growth of Company as well as society with commitment to serve the customer and shareholders to their satisfaction and better experience. Vinayak Polycon International Limited (“VPIL”) is being one of the market leaders of PET Products. Your Company has persistent thrive and work towards expansion of our business with its capacities, updated technology with modern innovations, development of new processes, widened its product range and expanding the marketing network and research & development.
Briefly, during the year under report, Financial Profit before depreciation and taxation was Rs 98.79/- Lakhs against Rs. 116.03/- Lakhs in the previous year. After providing for depreciation and taxation company earned net profit in this year of Rs 22.48/- Lakhs against the Profit of Rs. 29.45/- Lakhs last year.
There is a reduction in Profit after tax (PAT) due to substantial one-time increment in repair & maintenance cost of Plant & Machinery. Notwithstanding the reduction in PAT as compare to last year, the Company remains committed to reinforcing its market presence. Through focused business development initiatives and continued efforts to enhance operational efficiency, your Company is confident of improving its revenue trajectory and returning to profitability in the near future.
Vinayak Polycon, continues to be optimistic for a sustainable growth in the forthcoming years to come and has extensive growth plan in place. Our aim is to acquire cost effectiveness, technical competence, understanding the evolving needs of customers and timely delivery of best quality products to them.
