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Franklin Industries Ltd Management Discussions

3.9
(4.56%)
Jul 18, 2024|12:00:00 AM

Franklin Industries Ltd Share Price Management Discussions

1. Financial Review: Company was worked in two segments, one in Wholesale trading of Agriculture Commodities and other in wholesale trading of Jewellery. However, the Company has Closure its Jewellery Business from the 17th February, 2023. Now Company is engaged only in Wholesale trading of Agriculture Commodities.

Your company earned a total Revenue of Rs. 20,52,23,436/- during the FY 2022-23 in compared of Rs. 17,08,21,121 during the FY 2021-22. Company has earned a net profit after tax of Rs. 21,42,985/- as compared to net profit after tax of Rs. 69,717/- of previous year.

2. Future Outlook: Based on the buoyancy of the Indian Economy, the overall scenario and steps taken by the management, the future outlook of your company looks bright.

3. Risk and Concern: There are no specific risks and concerns.

4. Internal Control System and their adequacy: Considering the size of the company, your company has adequate system of internal control to provide reasonable assurance that assets are safeguarded and protected from unauthorized use or disposition.

5. Environmental Issues: As the company is not in the field of manufacture, the matter relating to produce any harmful gases and the liquid effluents are not applicable.

6. Cautionary Statement: Statement in this report on Management Discussion and Analysis may be forward looking statements within the meaning of applicable security laws or regulations. These statements are based on certain assumptions and expectations of future events. Actual results could however, differ materially, from those expressed or implied. Important factors that could make a difference to the companys operations include global and domestic demand supply conditions, finished goods prices, raw material cost and availability and changes in government regulation and tax structure, economic development within India and the countries with which the company has business contacts and other factors such as litigation and industrial relations.

The Company assumes no responsibility in respect of forward - looking statements, which may be amended or modified in future on the basis of subsequent developments, information or events.

On behalf of Board of Directors For, Franklin Industries Limited

Sd/-

Sd/-

Place : Ahmedabad Date : 04.09.2023

Prakash Ganpathy Pai Managing Director

Joshua Gonsalves

Director

DIN:10118757

DIN:00789149

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