CMD MESSAGE

            Our journey of three and half years, since incorporation of YIL in October 2021, has been a journey defined by perseverance, resilience, resolve and steady Progress. From the initial challenges of our inception, including a loss in our first half-year, we have successfully transitioned to a trajectory of sustained growth and profitability. In the previous financial year 2024-25, we achieved an aIl-time high turnover of Rs. 3,108 crores, a 10% growth over the previous year. The Profit Before Tax (PBT) impressively rose by 19.7% to Rs. 509 crores from Rs. 425 crores. Exports also saw a remarkable increase of 50%, reaching Rs.324 crores compared to Rs. 218 crores in FY 2023-24.

The year also witnessed an unprecedented surge in demand for our flagship product, the 155 mm Artillery Shells, in both domestic and international markets. Through strategic resource planning and technological upgrades, we enhanced output by nearly 80% over the previous year, successfully meeting the increased demand. Further investments have been made to augment our forging and machining capacities, with results expected to be reflected in the coming year. These milestones reaffirm our commitment to delivering sustained value to all stakeholders through operational excellence, quality, timely delivery, and financial prudence.

Despite fluctuating geopolitical scenarios and global supply chain disruptions, our focus on Atmanirbharta (self-reliance) has successfully shielded us from volatility. We remain committed to advancing self-reliance, with planned investments in Aluminum Extrusions and Railway Axles, further strengthening our contribution to India's defence and aerospace sectors.

We are also at the forefront of adopting Industry 4.0 and QA 4.0 practices. Significant investments have been made to align our plants and machinery with these advanced standards. Innovation remains a central pillar of our growth, with R&D expenditure rising by nearly 200% in FY 2024-25. We have successfully developed and testfired Guided Pinaka Rockets in association with ARDE, which are soon expected to be inducted in the Indian Army. We have also successfully developed the 155mm/52 calibre barrels for the Indian Army's Advanced Towed Artillery Gun System (ATAGS), for which there have been enquiries from domestic as well as foreign private parties.

Recognizing the transformative potential of emerging technologies such as Artificial Intelligence (AI) and Machine Learning (ML), we are prioritizing their adoption and integration into our operations.

Sustainability and social responsibility are integral to our vision. We continue to enhance energy efficiency, resource conservation, and green practices across all our facilities. We have set an ambitious goal to increase the share of renewable energy to 50% of our total consumption by FY 2025-26. As a responsible corporate citizen, we remain committed to community welfare initiatives in education, healthcare, and skill development.

We are steadfast in our commitment to integrity, ethics, and transparency. By embedding strong corporate governance practices in both letter and spirit, as mandated under the Companies Act, we ensure fairness, accountability, and responsibility in all aspects of our business.

In today's world of targeted phishing and hacking of sensitive defence-related information, cyber threats have become a major risk. In line with the directives of CSG/DDP ,YIL has invested heavily in cyber security equipment and software to ensure data security. This is the need of the hour to safeguard against the perils of data breaches and re-assure the customer of YIL's supply chain.

None of these achievements would have been possible without the dedication of our talented workforce, whose passion and resilience have been the cornerstone of our success. I want to place on record my deep appreciation for their invaluable contribution.

I extend my sincere gratitude to the Department of Defence Production, Directorate of Ordnance (C & S), New Defence Companies Division, Defence Finance, our esteemed customers—including the Indian Army, Navy, Air Force, Defence PSUs, and Indian Railways—as well as our channel partners and private industry. My heartfelt thanks also go to the DGQA, DGNAI, DGAQA, CEMILAC, Principal Controller of Defence Accounts, Principal Director of Commercial Audit, C&AG, auditors, bankers, legal advisers, Collaborators, suppliers, and all supporting agencies for their invaluable contributions. I also wish to thank the Board of Directors of YIL for their guidance and support in charting our course forward.

Our high customer retention rates and ever increasing customer base are a testament to the trust and confidence reposed by them in us. The future is ours to build and we shall build them on these strong foundations. As we continue our journey into the current FY 2025-26, we are more committed than ever to accelerating growth, fueling innovation, and contributing meaningfully to further enhance the Stake holders confidence.

Thank you, from the bottom of our hearts, for your unwavering support and guidance.

Shri Vijaykumar Iyer
Director (Operations) with Addl. Charge of Chairman and Managing Director
Yantra India Limited