Annual Report: 2024
RDC Concrete (India) Private Limited, operating across various Indian locations, presents its annual report for 2023-24. Anil Kumar Banchhor serves as the Managing Director & CEO, supported by Directors Souvik Sengupta and Aaditya Sharda, and CFO Manish Modani. The statutory auditor is Walker Chandiok & Co LLP.
Notice and AGM:
The 31st Annual General Meeting is scheduled for June 24, 2024, to address key resolutions, including:
Financial Performance (Year Ended March 31, 2024):
The company's financial results compared to the previous year are:
| Particulars | Standalone (₹ Millions) | Consolidated (₹ Millions) | | -------------------------- | ----------------------- | ----------------------- | | | 2024 | 2023 | 2024 | 2023 | | Income | 19,700.59| 14,410.49| 20,360.64| 14,609.13| | Profit/Loss after Tax | 387.48 | 294.74 | 410.61 | 294.86 |
The company reported total revenue of ₹19,700.59 Million (standalone) for the financial year ended March 31, 2024, versus ₹14,410.49 Million in the previous year, along with net profit of ₹387.48 Million (standalone) versus ₹294.74 Million. They are hopeful for improved future performance.
Operational and Strategic Developments:
Other Key Points:
Subsidiary Performance (Annexure I):
The document provides financial highlights for Neptune Readymix Concrete Private Limited and Ultrafine Mineral & Admixtures Private Limited, showcasing key financial figures, including share capital, reserves & surplus, total assets and liabilities, turnover, and profit before and after tax. Neither company has any debt.
Other Disclosures:
Auditors' Report:
Walker Chandiok & Co LLP have issued an unmodified opinion on both the standalone and consolidated financial statements. Key audit matters include recoverability of trade receivables.
Risk Factors:
The report concludes with acknowledgements to customers, shareholders, suppliers, and other stakeholders.
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