Five Year Consolidated Financial Statement

    Rs.in crore

2023-24@ 2023-24@ 2022-23@ 2021-22@ 2020-21@ 2019-20@ 2018-19@ 2017-18@
Profitability US$ in Mn*              
Sales and Operating Revenues 26,089 2,15,962 223,202 195,059 131,985 118,144 130,542 115,820
Less: Cost of Sales 23,162 1,91,730 200,328 166,557 114,311 103,794 115,042 101,899
Operating profit 2,927 24,232 22,874 28,502 17,674 14,350 15,500 13,921
Other Income 181 1,496 1,257 1,136 1,222 1,186 1,127 1,105
Less: Depreciation, Amortization and Impairment 952 7,881 7,294 6,884 6,766 5,135 4,766 4,607
Less: Interest and Finance Charges 466 3,858 3,646 3,768 3,738 4,197 3,778 3,911
Profit before Share in Equity Accounted Investments, Exceptional Items and Tax 1,690 13,989 13,191 18,986 8,392 6,204 8,083 6,508
Share in Profit/(Loss) in Equity Accounted Investments (Net of Tax) - 2 9 6 5 4 - (125)
Profit before Tax and Exceptional Items 1,690 13,991 13,200 18,992 8,397 8,083 6,208 6,383
Exceptional Income/ (Expenses) (Net) 3 21 41 582 (492) (284) - 1,774
Profit/(Loss) before Tax from Continuing Operations 1,693 14,012 13,241 19,574 7,905 5,924 8,083 8,157
Less: Tax Expenses 466 466 3,857 3,144 5,373 2,723 2,157 2,588 2,074
Profit/(Loss) from Continuing Operations 1,227 10,155 10,097 14,201 5,182 3,767 5,495 6,083
Profit/(Loss) from Discontinued Operations (Net of Tax) - - - (471) (1,699)   - -
Profit/(Loss) before Non-Controlling Interest 1,227 10,155 10,097 13,730 3,483 3,767 5,495 6,083
Less: Non-Controlling Interest in Profit/(Loss) - - - - - - (1) -
Net Profit/(Loss) for the Period 1,227 10,155 10,097 13,730 3,483 3,767 5,496 6,083
Business Reconstruction Reserve (BRR) #                
Expenses adjusted against BRR (Net of Tax)     - - - - - -
Profit/(Loss) for the Period had the expenses
not adjusted against BRR		 1,227 10,155 10,097 13,730 3,483 3,767 5,496 6,083
                 
FINANCIAL POSITION                
Gross Fixed Assets (excluding CWIP) 22,849 1,90,491 182,450 169,911 157,052 140,334 130,142 125,094
Capital Work-in-Progress (CWIP)** 1,783 14,867 7,700 4,945 10,202 7,721 4,098 2,063
Less: Accumulated Depreciation,
Amortization and Impairment		 9,437 78,682 71,824 63,037 56,783 51,139 44,283 40,006
Net Fixed Assets 15,195 1,26,676 118,326 111,819 110,471 96,916 89,957 87,151
Investments 1,852 15,444 14,116 14,119 17,133 9,411 9,012 10,781
Other Non-Current Assets/(Liabilities) (Net) (995) (8,291) (9,188) (11,856) (11,794) (12,407) (9,581) (8,497)
Net Current Assets 3,218 26,829 29,898 27,354 16,711 31,664 20,538 17,499
Capital Employed 19,270 1,60,658 153,152 141,436 132,521 125,584 109,926 106,934
Less: Loan Funds 6,537 54,501 58,335 63,234 65,978 67,257 52,416 52,074
Less: Non-Controlling Interest 1 11 11 11 10 10 9 9
Net Worth 12,732 1,06,146 94,806 78,191 66,533 58,317 57,501 54,851
Net Worth represented by :                
Equity Share Capital 27 222 222 222 222 222 223 223
Other Equity:                
  Share Warrants -   - - - - - -
  Equity Component of Compound Financial Instruments - 4 4 4 4 4 4 4
  Reserves and Surplus 11,154 92,991 83,692 73,860 59,717 55,577 52,599 47,644
  Other Comprehensive Income 1,551 12,929 10,888 4,105 6,590 2,514 4,676 6,980
  12,732 1,06,146 94,806 78,191 66,533 58,317 57,501 54,851
RATIOS AND STATISTICS

Unit 2022-23@ 2022-23@ 2021-22@ 2020-21@ 2019-20@ 2018-19 @ 2017-18 @
Operating margin % 11.22 10.25 14.61 13.39 12.15 11.87 12.02
Net margin % 4.70 4.52 7.04 2.64 3.19 4.21 5.25
Gross Interest Cover
Times 6.16 6.43 7.49 4.73 3.57 4.37 3.86
Net Interest Cover Times 6.67 6.62 7.87 5.06 3.70 4.40 3.84
ROCE
% 11.37 11.43 16.61 9.40 8.83 10.94 9.61
ROE
% 10.11 11.67 18.97 5.58 6.51 9.78 12.06
Basic EPS
 Rs 45.68 45.42 61.73 15.66 16.94 24.67 27.30
Diluted EPS
 Rs 45.62 45.36 61.65 15.65 16.93 24.66 27.29
Cash EPS Rs 81.14 78.24 92.69 46.07 40.03 46.07 47.98
Capital Expenditure (Cash outflow) Rs.Crore 15,943 9,842 5,426 5,565 6,791 6,005 3,001
Debt Equity Ratio
Times 0.53 0.64 0.82 0.99 1.15 0.91 0.95
Book Value per Share
 Rs 472.24 421.79 347.87 296.07 259.56 256.07 244.33

* 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 2023-24, FY 2022-23, FY 2021-22, FY 2020-21, FY 2019-20, FY 2018-19, FY 2017-18, FY 2016-17 and FY 2015-16 are
as per Ind AS compliant financial statements. Previous periods figures are as per Previous GAAP financial statements.
Gross interest coverage ratio is calculated as Operating Profit plus Other Income divided by Interest and Finance Charges plus Finance costs transferred to Capital Work-in-Progress/ Intangible Assets under development.
Net interest coverage ratio is calculated as Operating Profit plus Other Income divided by Interest and Finance Charges.
Earnings before Interest and Taxes/ Average Capital Employed.
Cash EPS is calculated as Profit/ (Loss) for the year plus Depreciation, Amortization and Impairment divided by Weighted average
numbers of equity shares

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