The growth sectors in India have been clearly defined in: TransportationInfrastructure and Energy Efficiency. These sectors are undergoing change due toautomation connectivity and digital transformation which create opportunities for all theglobal companies to contribute to the growth of India. We are fully geared up toparticipate in the same. We remain committed to India's transformation around theseindustries by bringing in technologies local manufacturing and people expertise locallyas well as globally. With more than 100 years of innovation thanks to our globalorganisation we are absolutely prepared to offer customised solutions in the areas of ourwork.
The automotive industry has been on an upward trajectory in 2018/19 and hasdemonstrated a strong CAGR over the past 5 years. We see an optimistic view of theindustry owing to the low penetration levels in India. Although the industry might witnessslight disruptions due to introduction of new BSVi standards from April 2020 and the EVsroadmap for India but on a long-term horizon we are positive about the automotiveindustry.
DISA India has once again delivered a strong all round performance during the financialyear 2018/ig. The consolidated revenue from operation and Profit after tax grew by 20.8%to Rs. 2516.7 Million and 71.8% to Rs.286.1 Million respectively as compared tothe previous year 2017-18.
I take this opportunity to thank our valued customers and our stakeholders who havegiven us the opportunity to serve them and have bestowed great deal of faith andconfidence on us. I would make a special mention of all our employees for their tirelesseffort to achieve the above.
We approach Indian market by providing 'Complete Foundry Solution' right fromMoulding Machine Sand Plant Conveying and Cooling systems coupled with Surface Finishingand Dust Extraction systems. DISA has led the market successfully with this uniqueapproach over many years. Majority of our offerings in Indian market are met throughlocally produced products in two world class facilities near Bengaluru. Our customercentric approach has made us move in the following two key initiatives for the Indianmarket: Reliability Services for Foundries and Distribution Model for Aftermarket.
The highlight of our offerings for the year include 'Reliability Services' integrationfor foundries wherein we have partnered with customers to increase the overall outputfrom the existing installations thus improving on overall efficiency and reduced cost ofoperations. This unique initiative in the industry is gaining momentum and we are gettingrequest from more customers for a similar integration. DISA is gearing up to meet theserequirements in this year and for the future as well.
We have now ventured into 'Distribution Model' to better service the spare partsneed for our customers. We have started the first Norican Distributor at Coimbatorein Southern India. What it means to the customers is the availability of spare partscloser to their plants. This would help us to serve them in fastest possible time withflexibility depending on the requirements. Our close working along with our customers anddistributors shall also help in better planning for the repair and maintenancerequirements for the installed machines and reduce the unplanned downtime to a minimumpossible level.
This year we have also started the Aluminium offerings through group's newly acquiredcompanies in Europe. These companies: Italpresse & Gauss and Stikowestofen providecomplete Aluminium Foundry Solution through Die Casting Machines Melting and DosingFurnaces and Automation Solutions. Aluminium offerings we assume is going to be our keyarea of work going forward.
No industry is untouched with the digitization initiatives and we are no exception toit. Norican is bringing in technologies to remote diagnose key information from ourmachines and provide meaningful actionable information for the maintenance teams in thecustomer plants.
Being a company with innovation credentials our support to the Indian market isthrough a strong R&D set up based at Bengaluru. This set up works closely with globalproduct centre's Sales and Manufacturing to determine and deliver customised solutions forintricate customer requirements both in automotive and industrial space.
We are in an interesting phase as a company and we would bring in innovative solutionsfurther to the Indian market to meet the changing needs of our customers not only forIndia but also for the Global Casting Industry.
On behalf of the company I thank you for your undeterred support. We remain committedas always to enhance the shareholders value and to connect with you all in future.
DISA India Limited