Giriraj Civil Developers Ltd Management Discussions

<dhhead>MANAGEMENT DISCUSSION AND ANALYSIS</dhhead>

1. Industry structure and development

The global civil engineering market size was estimated at USD 8,652.3 billion in 2022 and i expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030 This growth is attributed to the increase in the number of infrastructure and capital projects Additionally, increasing disposable income in emerging economies is anticipated to drive th growth of the infrastructure segment over the forecast period, thereby propelling the growth o the construction industry.

2. Overview

The financial statements have been prepared in compliance with requirement of Companie Act and guidelines issued by SEBI.

3. Outlook

The construction output in the country is expected to reach INR 66,954.8 billion by 2027 Despite the surge in construction costs, government spending on infrastructure projects ha remained strong in 2022, and the trend is projected to further continue in 2023. The company’ activities will have major emphasis on government contracts.

4. Opportunities and Threats

There are and always will be challenges, from outside & within. The company aims to addres risk, opportunities & threats posed by its business environment strategically. The improve economic & investing activity may result in emergence of many opportunities, but these wil have to be carefully evaluated in the long-term interest of the company and its Shareholders.

5. Segment wise Reporting

During the year under review Company had only one segment viz., Civil Contractor.

6. Risk & Concerns:

Your company is in continues process of cost control and is taking cost reduction measures We take all necessary steps to identify measures & manage risk effectively.

N=JUSTIFY>7. Internal Control System:

The company maintains an adequate and effective internal control & risk mitigation system commensurate with its size & nature of Business. The observations of the audit committe were taken into consideration.

8. Financial Performance:

• Gross revenue from operations was Rs. 11,092.14 Lakhs

• EBITDA for the year was Rs. 591.10 Lakhs

• Net Profit for the year was Rs. 450.47 Lakhs

9. Human resources management:

Relation with the employees continued to remain cordial during the year. Training is impartei

10. Cautionary statement:

Statement in the Management Discussion and Analysis and Statement forming part of Directors Report may contain forward looking & progressive statements within the meaning of applicable security laws & regulations. Actual results may vary from those expressed or implied depending upon economic condition, Government policies & other incidental factors.

For and on behalf of the Board

	Sd/-	Sd/-
Place: Mumbai	Krushang Shah	Prasham Shah
Date: 30/05/2023	Managing Director	Director