“We have delivered a steady performance for the year. While we are pleased with the impressive growth in order intake and developments on the strategic front, we had a challenging year in terms of revenue and profitability, in the face of challenging global headwinds and adverse commodity prices.
In line with our strategy of portfolio diversification, our revenue share of non-T&D businesses has increased to 50 per cent this year vis-à-vis 42 per cent last year. Our Railway and Civil businesses continued their growth momentum as they expanded their portfolio in new and emerging segments. Our Cables business demonstrated an exemplary performance by clocking its highest ever revenues and profitability. With the softening of commodity prices recently, thrust on execution, robust order book + L1 of over Rs.28,000 crore and a strong tender pipeline, we are confident of an improved performance going forward.”
Vimal Kejriwal was so quoted in an official release announcing the company’s financial results for FY22.