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In the confrontation between the stream and the rock, the stream always wins;

not through strength, but through persistence.

- Unknown

2008-09 in

retrospect

In a world marred by uncertainties…

Indian Rupee depreciated by 27%

Crude oil prices peaked to an unprecedented US$147 per barrel

Demand fell sharply in major economies

Atul improved its performance…

Operating revenues grew by 17% to Rs1,181 crores

EBIDTA (after providing for forex loss of Rs44 crores) increased

by 18% to Rs118 crores

PBT (after forex loss) rose by 20% to Rs46 crores

…and is persevering to sustain its momentum

Enhancing customer focus

Becoming process driven

Investing in people development