ORIENTAL TRIMEX LIMITED

Climate Impact & Sustainability Data (2020-04 to 2021-03, 2021-22, 2022-04 to 2023-03, 2023-04 to 2024-03)

Collapse in construction activity following nationwide lockdown due to the COVID-19 pandemic.
Unprecedented uncertainty about the eventual impact of the Covid-19 pandemic on safety and health, business continuity, and operational adaptation.
73.25% decrease in revenue compared to the previous year due to the pandemic.
Rs. (259.04) Lacs loss before tax compared to Rs. 247.30 lacs profit last year.

The year started amidst a strict nationwide lockdown in India with tough restrictions on economic activity and mobility. The Company, and indeed the entire real estate sector in India, saw a collapse in construction activity following the lockdown.
unprecedented uncertainty about the eventual impact of the Covid19 pandemic
meeting safety and health related challenges of its people, ensuring business continuity under lockdown and adapting the organisation to rampup operations as restrictions were gradually lifted.
Business performance of the company is directly related with real-estate sector & infrastructure which has entirely slashed down due to pandemic COVID-19.

The Company is actively monitoring the impact of the Covid-19 pandemic on its financial condition, liquidity, operations, suppliers, industry, and workforce.
It has used the principles of prudence in applying judgments, estimates and assumptions based on the current estimates.
Over the last several decades, the Indian marble and granite industry has been dramatically modernised to meet global standards.
Company’s all three units have state-of-the-art imported machinery, and the further company has started to focus on development work and also retail customers.

Sluggish product demand in the real estate sector and infrastructure impacting the company's business performance.
Decline in revenue by 52.98% compared to the previous year.
Real estate slowdown and credit crisis impacting the market for Marble and Granites.
Increased competition due to the entrance of many more Indian companies selling imported marble leading to a decline in retail prices.
The export-oriented Marble and granite industry continues to struggle due to increasing artificial stone competition.

The company prefers to buy finished materials from the domestic market to meet priority orders.
All three units of the company have state-of-the-art imported machinery, and the company has started to focus on development work and retail customers.
Plans to export products to Middle East countries.
The company has contacts with many dealers/shopkeepers of marble in various cities and few dealers’ franchisees who keep on exclusively buying from the company.
The company has a devoted marketing team for retail and project sales.

Medium-term Goals:

plans to venture into additional but related product lines from December 2024
plans to import a wire-based gangsaw machine from China and would set up the same in its plant located at Gummidipoondi, near Chennai city by December 2024
plans to start a showroom next year in Delhi

Short-term Goals:

sluggish product demand in the real estate sector & infrastructure
Recent global meltdown in reality and housing sector and Industry downturns might impede infrastructure development

The company has not imported fresh raw materials during the financial year 2023-24 and prefers to buy finished materials from the domestic market to meet priority orders.
Over the last several decades, the Indian marble and granite industry has been dramatically modernised to meet global standards.
All three units of the company have state-of-the-art imported machinery, and the company has started to focus on development work and retail customers.