brics securities ltd share price Management discussions


BRICS SECURITIES LIMITED ANNUAL REPORT 2005-2006 MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS OPERATIONS AND FUTURE OUTLOOK: Financial year 2005-06 was an outstanding period for the Company, during which a total income of Rs.4,399.81 lacs was recorded as compared to Rs.1,507.05 lacs for the previous year. The profit before depreciation and tax stood at Rs.1,175.83 lacs as against Rs. 195.75 lacs in the previous year. After making the necessary provisions for depreciation, tax and appropriations, a balance of Rs.1,304.11 lacs has been carried to the Balance Sheet as compared to Rs.664.92 lacs in the previous year. With the continuing upswing in the financial sector and our institutional research and infrastructure well in place, your directors believe that the Company can effortlessly sustain its upward growth trajectory and achieve an even stronger performance in the coming years. This will be fuelled by an enhanced, differentiated product mix and a more extensive client reach.