REVIEW OF OPERATIONS & FUTURE OUTLOOK

Financial Year 2017-18 was a good year for Oswal Greentech Limited. The Company’s is stable in comparison to previous year and the Company is continuously engaged in the real estates and investing activities. The Company always adhere to achieve best in the industry and try to optimize the cost and its efficiency level which translating profit margins of the Company. The company earned a profit before tax of Rs.70.69 Crores and profit after tax of Rs. 43.24 Crores as against a profit before tax of Rs. 28.06 Crores and profit after tax of Rs. 46.72 Crores in the previous year. The increase in the Profits before tax is due to exceptional expenditure item incurred during 2016-17.

The Company’s promoted Residential Complex project at Ludhiana is near completion and the Company expects to hand it over to the purchasers/buyers positively by the end of current year. Till date the Company has received positive response and excepts the project to be a success. The Company has in possession of premium land parcel in Ludhiana and is looking for development of residential /commercial projects there. The Company is also making efforts to explore various other locations for real estate business.

During the year, the Company has received income from interest on Inter-Corporate deposits (ICD) investments. The future outlook remains positive and encouraging.