bnr udyog ltd Management discussions

Overview

This year the review that your Company has performed well for the financial year ended 31.03.2023. The Company have entered into construction Activity and purchase of land for construction.

Industry Structure and Developments

Your Company is carrying out Business Support Services and Investment Activities. In Business Support Services your Company working for Government, semi government and private sectors and the company is optimistic of improving further business with special focus on Software projects with some more clients. In Financial service sector your company is doing satisfactory, company have also started Real Estate Business by constructing flats.

Opportunities and Threats

The national e-Governance plan of Indian government seeks to lay the foundation and provide long term growth of e-Governance projects in India. Setting up the core infrastructure and policies and implementation of a number of mission mode projects at the Centre & State. This Government initiative is likely to get a boost to address issues in remote working difficulties faced by the Govt, during the pandemic. Good business opportunities are available in the Indian Markets. It has tremendous scope for the next two decades.

Segment-wise or product wise performance

Your Company considers IT & ITES, E-Governance, Business Support Services, Investment and Real Estate as the primary segmentfor reporting.

Outlook

In the Business support services your company is participating in the Tenders called by the Government, Semi-government and private companies Business support Service sector the company is receiving regular work not only form its old clients but also new clients have approached. In the Financial Sector the share market was so volatile and your company is very cautious in investing after carrying proper research.

Risk and Concerns

Any adverse change in the financial services business or negative policy of Government will affect the companys sector adversely.

Internal control systems and their adequacy

The company has adequate internal control system to ensure that all assets are safeguarded and protected against loss from unauthorized use or disposition.

Financial Performance with respect to Operational Performance

During the year under review, the Company has recorded a total income of Rs. 393.57 Lakhs and Profit of Rs. 119.74 Lakhs as against the total income of Rs. 207.51 Lakhs and profit of Rs. 55.79 Lakhs in the previous financial year ending 31.03.2022.

Material developments in Human Resources / Industrial Relations from, including number of people employed.

There are no material developments in Human Resources / Industrial Relations from FY 2021-22 to FY 2022-23.

Particulars	FY2022-23	FY 2021-22
Staff	10	11
Workmen	-	-
Third Party	-	-
Total	10	11

Details of significant changes (i.e., change of 25% or more as compared to the immediately previous financial year) in key financial ratios, along with detailed explanations therefor, including:

RATIOS:

Particulars	2022-23	2021-22	Remarks
Debtors Turnover	0.19	0.53	On account of rise in the realisation of trade receivables
Inventory Turnover	-	-
Interest Coverage Ratio	--	20.95	No loans during the current year
Current Ratio	6.00	2.29	Substantial rise in net current assets and fall in non-current assets
Debt Equity Ratio	-	-
Operating Profit Margin (%)	35%	36%	Due to prior period expenses written off during the current year
Net Profit Margin (%)	28%	31%	Due to prior period expenses written off during the current year
Change in Return on Net Worth	23%	16%	Due to increase in revenue from operations

Disclosure of Accounting Treatment

During the preparation of Financial Statements of F.Y. 2022-23 the treatment as prescribed in an Accounting Standard has been followed by the Company. There are no significant changes in Accounting Treatment as followed by the Company in current financial year as compared to previous financial year.

Cautionary Statement

The statements made in this report describe the Companys objectives and projections that may be forward looking statements within the meaning of applicable laws and regulations. The actual results might differ materially from those expressed or implied depending on the economic conditions, government policies and other incidental factors, which are beyond the control of the Company.

DECLARATION ON CODE OF CONDUCT AS REQUIRED BY SCHEDULE V OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

I, Kamal Narayan Rathi, Managing Director of BNR Udyog Limited ("the Company") hereby state and affirm Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 the members of board of directors and senior management personnel have affirmed compliance with the code of conduct of board of directors and senior management of the company during Financial Year2022-2023

Place: Hyderabad Date: 28.07.2023

For BNR Udyog Limited Sd 1-

Kamal Narayan Rathi Managing Director (DIN:00011549)