7 Directors’ Report Dear Members, The Board of Directors (Board) presents the 50th annual report of Amal Ltd together with the audited Financial Statements for the financial year ended on March 31, 2024. 01. Financial results (` lakhs) Standalone Consolidated 2023-24 2022-23 2023-24 2022-23 Revenue from operations 3,133 3,916 8,609 6,132 Sales and other income 3,337 4,319 8,627 6,215 Profit | (loss) before tax 345 137 278 (1,569) Provision for tax 103 64 107 42 Profit | (loss) for the year 243 73 170 (1,611) Other comprehensive income (net of tax) 0 3 (0) 3 Total comprehensive income | (expense) 243 76 170 (1,608) Balance brought forward 288 212 (1,539) 69 Balance carried forward 531 288 (1,388) (1,539) )02. Performance Standalone revenue for the year at ` 3,133 lakhs decreased by 20% compared to that of last year. The decline was the outcome of decrease in price realisation by 28% and increase in volume by 8%. Profit before tax (PBT) at ` 345 lakhs increased by 152% mainly because of higher sales volume and better efficiency. Consolidated revenue for the year at ` 8,609 lakhs increased by 40% compared to that of last year. The increase was the outcome of full year of operations of Amal Speciality Chemicals Ltd. The Company earned PBT of ` 278 lakhs during the year. As a result, the consolidated loss stood at ` 1,388 lakhs, compared to that of ` 1,539 lakhs last year. 03. Dividend The Board did not recommend any dividend considering the carried forward loss of ` 1,388 lakhs on a consolidated basis. 04. Energy conservation, technology absorption and foreign exchange earnings and outgo Information required under Section 134(3) (m) of the Companies Act, 2013, read with Rule 8(3) of the Companies (Accounts) Rules, 2014, as amended from time to time, forms a part of this report which is given on page number 15. 05. Insurance The Company has taken adequate insurance to cover the risks to its employees, property (land and buildings), plant, equipment, other assets and third-parties. 06. Risk management Risk management is an integral part of the business practices of the Company. The framework of risk management concentrates on formalising a system to deal with the most relevant risks, building on existing management practices, knowledge and structures. With the help of a reputed international consultancy firm,
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