Welcome to our website everyone.
We have successfully and profitably grown our business by focusing on the two most critical ingredients for human survival and progress. Power and water. These two resources touch almost all spheres of human life; and in a developing society like India with a billion-plus population the ability to provide adequate power and water to a large proportion of the population will determine the nation's socio-economic wellbeing for the long term.
India's power sector holds an enormous growth potential. The per capita consumption of power in India is around 90 kVA per person, compared to the global per capita consumption of 313 kVA per person and China's 447 kVA per person. The country's growing population, rapid urbanization and accelerating industrialization will drive the demand for power consumption in the coming years.
There are, however, challenges in the country's power sector and more reforms are needed to bring transparency and dynamism in the sector. Besides, there is need for accelerated capacity additions to achieve the Government of India's agenda for 'Power for All'. This scenario will create a strong demand for the country's transmission infrastructure, which is poised to grow at 8-9% (decadal growth 6-7%). For several years during 2000-2015, the investment in T&D has been lagging the investment in Generation and finally now right efforts are being taken by the government to correct the same.
Moreover, dedicated green energy transmission corridors are being developed to cater to renewable energy projects. Further, growth in the power sector will be catalyzed by the government's decision to create 100 smart cities, Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY), Restructured Accelerated Power Development and Reforms Programme (R-APDRP) and North East India transmission investment. In fact during 2015-16 Government has set itself an ambitious target for bidding out new Transmission projects worth 1 lakh crore. The government has announced huge investment plans in the water transmission and distribution space for the next few years. It has announced large projects such as the National Rural Drinking Water programme, Swachh Bharat and river interlinking. The Government's thrust on water supply, irrigation, river management, along with improving sanitation, sewerage and urbanization is expected to drive the PVC pipes and fittings markets.
We achieved a net sales of 13,128 million in 2014-15 ( 10,415 Million 2013-14). Our EBIDTA and net profit for FY 2014-15 stood at 2,168 million and 892 million, respectively compared to 1,123 million and 269 million, respectively. Our earnings per share stood at 8.72 as on 31st March 2015.
The reason for our performance is balanced growth across both divisions. In the Engineering Products there has been a steady order book growth, enhanced export presence and a growing portfolio of value-added products. We also witnessed significant growth in our pipes business owing to proactive market foray and enhanced scale. Moreover, our backward and horizontal integration, scale of manufacturing and seamless raw material availability provides huge cost advantage.
Our people are the real champions behind our success, who have consistently embraced challenges and forward. I thank all members of the Skipper family for helping us deliver on commitments in all these years. I am also grateful to all stakeholders for their continued encouragement and support took the businessSajan Kumar Bansal