Autolite (India) Limited
Climate Impact & Sustainability Data (2018-04 to 2019-03)
Reporting Period: 2018-04 to 2019-03
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Decline in Consolidated Gross Annual Turnover by 5.87% due to political instability in many countries resulting in decline in export sales.
- Decline in Consolidated Net Profit after comprehensive income due to taxation impact.
- Liquidity problems leading to delays in depositing statutory dues and filing returns.
Mitigation Strategies
- Development of new headlamps, halogen lamps, and LED lamps to add to business growth and profitability.
- Regularly organizing dealers' meets to understand requirements and promote business.
- Working on recovering balance export incentive claim (Rs. 226.54 Lakhs) and trade receivables (Rs. 293.54 Lakhs).
- Addressing overdue amounts to MSME suppliers and interest liability.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Development of LED lamps.
Awards & Recognition
- STAR EXPORT HOUSE status