According to Surana, 2018-19 saw a number of far-reaching policy reforms in India that were centered around the crucial goal of ensuring universal access to affordable and sustainable energy.
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Cooperation continues to fuel the nation’s energy needs and enrich the lives of millions, said MK Surana, the company’s CMD as it reported several ‘best-ever’ milestones and significant achievements across all facets of business in 2018-19. In the same fiscal, it registered the highest-ever gross sales of Rs 295,713 crore with an impressive growth of 22 per cent. Its refineries at Mumbai and Visakhapatnam achieved the highest-ever combined refining throughput of 18.44 MMT with a capacity utilisation of 117 per cent and recorded the lowest-ever combined specific energy consumption during the year, said Surana. According to Surana, 2018-19 saw a number of far-reaching policy reforms in India that were centered around the crucial goal of ensuring universal access to affordable and sustainable energy. He added, “Despite various externalities in oil market, domestic consumption of petroleum products continued to increase. Robust growth in petroleum products demand was enabled by increase in manufacturing and construction activities, rising mobility needs, growing urbanisation and enhanced reach of petroleum products across the country.” “In addition to ongoing major expansion of Mumbai and Visakh refineries, a number of process improvement initiatives were implemented to enhance capabilities of refinery units and achieve significant gains in energy efficiency, safety and reliability,” he adds.
Motherson Sumi Systems (MSSL) is combining the power of innovation and product quality to passionately create the world-class products. Founded in 1975, the group has a diversified industry-leading portfolio of auto ancillary products and services that make it a full system solutions provider for its customers across the globe. With market leading products ranging from electrical distribution systems, automotive rear-view mirrors and polymer processing to lighting systems, air intake manifolds, and HVAC systems, Motherson’s principal focus is the automotive industry, globally and in India. FY19 was yet another strong year for MSSL.Consolidated sales ended at Rs 62,572 crore, up by 12 per cent from the previous year. PAT grew to Rs 1,613 crore and revenues outside India were up by 13 per cent. The dividend payout for FY19 constituted 35 per cent of consolidated PAT. The total order book of the Group stood at over Rs 1.47 lakh crore at SMRP BV level. “Our results confirm that the organic growth is strong and in line with our 2020 targets. Many of you have asked us about inorganic growth. The revenue target we set for MSSL stands at $18 billion by March 31 2020,” said V C Sehgal, Chairman, MSSL. Of course, we have simultaneously set the return on capital employed target at 40 per cent, he said adding: “Both together are the targets, which means we will not chase one at the expense of the other,” said Sehgal.
Setting New Benchmarks
Established in 1978, as a partnership firm and converted into a limited company in 1990, NCC has progressed consistently over past four decades. Today, it is the second-largest construction company in India in terms of revenue. NCC undertakes civil construction in segments such as buildings, water, roads, irrigation, power, electrical, railways, metals, mining. “Our management approach with respect to bidding, managing and execution of projects are considered as benchmarks by many industry analysts,” said AAV Ranga Raju, MD. During the year, it had set new records in most of the key performance indicators. For FY19, the company clocked a turnover of Rs 12,198 crore with an EBIDTA of Rs 1,423 crore, against turnover of Rs 7,675 crore with an EBIDTA of Rs 855 crore during the previous year. It achieved PAT of Rs 564 crore, against Rs 287 crore during the previous year. During FY19, it continued its focus on improving its operational and financial performance, risk mitigation and also rationalisation of its subsidiary businesses. “During the tough years in the past we focused on making NCC’s internal environment more resilient Performance in FY19 is an outcome of our asset light business model, strong execution track record coupled with our financial discipline,” said Raju.
United Breweries recorded a 14 per cent jump in its gross turnover on account of increased sales, which was ahead of the overall industry growth. This was despite the challenges such as the wholesale and/or retail distribution is controlled by the State monopolies (in many parts of India). Also, over 60 per cent of the markets, the States dictate the price at which beer can be sold. The company said that its EBITDA for FY19 stood at Rs 1,169.5 crore, as compared to Rs 914.1 crore in the previous year, reflecting an increase of 28 per cent. PBT for the year stood at Rs 878.5 crore as compared to Rs 606.8 crore in the previous year, reflecting an increase of 45 per cent. PAT stood at Rs 562.8 crore, against Rs 394 crore in the previous year. UBL said despite the presence of more than 140 beer brands, UBL’s flagship brand Kingfisher is a widely accepted brand and is one of the strongest players in the Indian beer market, in terms of volumes and brand equity.
Strong beer (alcohol content between 6 per cent and 8 per cent) dominates the beer market accounting for over 85 per cent of the total beer consumed in India, it said. Kingfisher Strong is the largest brand in the country, with a volume of over 100 million cases. Kingfisher Premium is first choice of mild beer consumers across the country, with a sale of over 36 million cases, it said in its latest annual report. The industry volumes grew at a CAGR of 8 per cent during the last five years, while UBL outgrew the industry, it said. Shekhar Ramamurthy