Five Year Consolidated Financial Statement

    Rs. crore

2016-17@ 2016-17@ 2015-16@ 2014-15 2013-14 2012-13
Profitability USD in Mn *          
Sales and Operating Revenues 15,306 102,631 101,202 106,696 90,007 82,243
Less: Cost of Sales 13,450 90,184 92,387 97,751 81,721 74,406
Operating profit 1,856 12,447 8,815 8,944 8,286 7,837
Other Income 166 1,111 1,189 1,105 1,017 1,012
Less: Depreciation, Amortization and Impairment 667 4,468 4,507 3,591 3,553 2,861
Less: Interest and Finance Charges 856 5,742 5,134 4,178 2,702 2,079
Profi t before Share in Equity Accounted            
Investments, Exceptional Items and Tax 499 3,348 362 2,280 3,049 3,909
Share in Profi t/ (Loss) in Equity Accounted            
Investments (Net of Tax) (4) (25) 172 175 67 (16)
Profi t before Tax and Exceptional Items 495 3,323 534 2,455 3,116 3,893
Exceptional Income/(Expenses) (Net) (1) (8) (577) (1,940) (396) -
Profi t/ (Loss) before Tax from Continuing            
Operations 494 3,315 (43) 515 2,720 3,893
Less: Tax Expenses 214 1,433 498 256 525 886
Profi t/ (Loss) from Continuing Operations 280 1,882 (541) 258 2,195 3,007
Profi t/ (Loss) from Discontinued Operations (Net of Tax) 0 0 (161) - - -
Profi t/ (Loss) before Non-Controlling Interest 280 1,882 (702) 258 2,195 3,007
Less: Non-Controlling Interest in Profi t/ (Loss) (3) (18) (451) (596) 20 (20)
Net Profi t/ (Loss) for the Period 283 1,900 (251) 854 2,175 3,027
Business Reconstruction Reserve (BRR) #            
Expenses adjusted against BRR (Net of Tax) - - 682 97 86 -
Profi t/ (Loss) for the Period had the expenses not adjusted against BRR 283 1,900 (933) 757 2,089 3,027
FINANCIAL POSITION            
Gross Fixed Assets (excluding CWIP)            
  18,684 121,186 123,522 101,940 87,914 60,054
Capital Work-in-Progress (CWIP) ** 280 1,814 4,214 14,111 23,059 33,834
Less: Accumulated Depreciation, Amortization and Impairment 5,627 36,499 37,849 29,981 26,750 22,126
Net Fixed Assets 13,337 86,501 89,887 86,070 84,223 71,763
Investments 2,337 15,157 12,438 12,346 12,961 12,601
Other Non-Current Assets / (Liabilities) (Net) (1,278) (8,289) (8,859) (7,235) (6,924) (6,573)
Net Current Assets 2,546 16,513 15,074 16,571 18,289 16,901
Capital Employed            
  16,942 109,882 108,540 107,752 108,549 94,692
Less: Loan Funds 9,839 63,817 67,552 68,467 66,163 57,603
Less: Non-Controlling Interest 1 6 381 956 1,781 1,759
Net Worth 7,102 46,059 40,607 38,329 40,605 35,330
Net Worth represented by :            
Equity Share Capital 34 223 205 207 206 191
Other Equity:            
  Share Warrants - - - - 6 541
  Equity Component of Compound            
  Financial Instruments 1 4 3 - - -
  Reserves and Surplus 6,433 41,723 36,443 38,122 40,393 34,597
  Other Comprehensive Income 634 4,109 3,956 - - -
  7,102 46,059 40,607 38,329 40,605 35,330
RATIOS AND STATISTICS

Unit 2016-17 @ 2015-16 @ 2014-15 2013-14 2012-13
Operating margin % 12.13 8.71 8.38 9.21 9.53
Net margin % 1.85 (0.25) 0.80 2.42 3.68
Gross Interest Cover
Times 2.36 1.91 1.95 1.85 2.04
Net Interest Cover Times 2.36 1.95 2.41 3.44 4.26
ROCE
% 8.27 5.06 5.99 5.30 6.32
ROE
% 4.12 (0.62) 2.23 5.36 8.57
Basic EPS
Rs. 9.22 (4.55) 4.14 10.91 15.81
Diluted EPS
Rs. 9.21 (4.55) 4.13 10.91 15.81
Cash EPS
Rs. 30.91 20.78 21.53 28.73 30.75
Capital Expenditure (Cash outflow) Rs. Crore 2,938 4,245 5,978 9,424 11,871
Debt Equity Ratio
Times 1.39 1.66 1.79 1.63 1.63
Book Value per Share
Rs. 206.83 198.21 185.61 196.67 184.53

* Balance Sheet items are translated at closing exchange rate and Profit and Loss items are translated at average exchange rate.
** Including Intangible assets under development
# Financial restructuring scheme formulated by the Company under the provisions of the Companies Act, approved by the Bombay High Court, to deal with various costs associated with its organic and inorganic growth plan.
@Figures for FY 2016-17 and FY 2015-16 are as per Ind AS compliant financial statements. Previous periods fi gures are as per Previous GAAP financial statements