Somi Conveyor Beltings Ltd 2016 AR2
The report outlines the financial and operational performance of Somi Conveyor Beltings Limited for the fiscal year 2015-2016. The company experienced a 23.04% decline in revenue to Rs. 5748.37 Lakhs and a 46.50% decline in net profit to Rs. 228.84 Lakhs, primarily due to challenging macroeconomic conditions affecting the conveyor belt market. Despite these headwinds, the company maintained its commitment to corporate social responsibility, health, safety, and environmental protection, implementing measures to minimize waste and control pollution. Additionally, the company continued to invest in research and development to optimize raw material utilization and upgrade its technology.
Company: Somi Conveyor Beltings Ltd
Sector: Manufacturing
Country: India
Year: 2016
Type: AR2
Pages: 92
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Somi Conveyor Beltings Ltd
Annual Report
The report outlines the financial and operational performance of Somi Conveyor Beltings Limited for the fiscal year 2015-2016. The company experienced a 23.04% decline in revenue to Rs. 5748.37 Lakhs and a 46.50% decline in net profit to Rs. 228.84 Lakhs, primarily due to challenging macroeconomic conditions affecting the conveyor belt market. Despite these headwinds, the company maintained its commitment to corporate social responsibility, health, safety, and environmental protection, implementing measures to minimize waste and control pollution. Additionally, the company continued to invest in research and development to optimize raw material utilization and upgrade its technology.
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Document Details
Report Year
2016
Reporting Period
Apr 1, 2015 - Mar 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Employees