Five Year Consolidated Financial Statement

    Rs.in crore

2021-22@ 2021-22@ 2020-21@ 2019-20@ 2018-19@ 2017-18@ 2016-17@ 2015-16@
Profitability US$ in Mn*              
Sales and Operating Revenues 26,185 195,059 131,985 118,144 130,542 115,820 102,631 101,202
Less: Cost of Sales 22,359 166,557 114,311 103,794 115,042 101,899 90,183 92,387
Operating profit 3,826 28,502 17,674 14,350 15,500 13,921 12,448 8,815
Other Income 152 1,136 1,222 1,186 1,127 1,105 1,111 1,189
Less: Depreciation, Amortization and Impairment 924 6,884 6,766 5,135 4,766 4,607 4,469 4,507
Less: Interest and Finance Charges 506 3,768 3,738 4,197 3,778 3,911 5,742 5,134
Profit before Share in Equity Accounted Investments, Exceptional Items and Tax 2,548 18,986 8,392 6,204 8,083 6,508 3,348 362
Share in Profit/(Loss) in Equity Accounted Investments (Net of Tax) 1 6 5 4 - (125) (25) 172
Profit before Tax and Exceptional Items 2,548 18,992 8,397 6,208 8,083 6,383 3,323 534
Exceptional Income/ (Expenses) (Net) 78 582 (492) (284) - 1,774 (8) (577)
Profit/(Loss) before Tax from Continuing Operations 2,627 19,574 7,905 5,924 8,083 8,157 3,315 (43)
Less: Tax Expenses 721 5,373 2,723 2,157 2,588 2,074 1,433 498
Profit/(Loss) from Continuing Operations 1,906 14,201 5,182 3,767 5,495 6,083 1,882 (541)
Profit/(Loss) from Discontinued Operations (Net of Tax) (63) (471) (1,699) -   - - (161)
Profit/(Loss) before Non-Controlling Interest 1,843 13,730 3,483 3,767 5,495 6,083 1,882 (702)
Less: Non-Controlling Interest in Profit/(Loss) - - - - (1) - (18) (451)
Net Profit/(Loss) for the Period 1,843 13,730 3,483 3,767 5,496 6,083 1,900 (251)
Business Reconstruction Reserve (BRR) #                
Expenses adjusted against BRR (Net of Tax) - - - - - - - -
Profit/(Loss) for the Period had the expenses
not adjusted against BRR		 1,843 13,730 3,483 3,767 5,496 6,083 1,900 (933)
                 
FINANCIAL POSITION                
Gross Fixed Assets (excluding CWIP) 22,385 169,911 157,052 140,334 130,142 25,094 121,186 123,522
Capital Work-in-Progress (CWIP)** 651 4,945 10,202 7,721 4,098 2,063 1,814 4,214
Less: Accumulated Depreciation,
Amortization and Impairment		 8,305 63,037 56,783 51,139 44,283 40,006 36,499 37,849
Net Fixed Assets 14,731 111,819 110,471 96,916 89,957 87,151 86,501 89,887
Investments 1,860 14,119 17,133 9,411 9,012 10,781 15,157 12,438
Other Non-Current Assets/(Liabilities) (Net) (1,570) (11,920) (11,794) (12,407) (9,581) (8,497) (6,737) (8,859)
Net Current Assets 3,612 27,417 16,711 31,664 20,538 17,499 14,961 15,074
Capital Employed 18,633 141,435 132,521 1,25,584 109,926 106,934 109,882 109,882
Less: Loan Funds 8,331 63,235 65,978 67,257 52,416 52,074 63,817 67,552
Less: Non-Controlling Interest 1 11 10 10 9 9 6 381
Net Worth 10,301 78,189 66,533 58,317 57,501 54,851 46,059 40,607
Net Worth represented by :                
Equity Share Capital 29 222 222 222 222 223 223 205
Other Equity:                
  Share Warrants - - - - - - - -
  Equity Component of Compound Financial Instruments 1 4 4 4 4 4 4 3
  Reserves and Surplus 9,731 73,860 59,717 55,577 52,599 47,644 41,770 36,443
  Other Comprehensive Income 541 4,105 6,590 2,514 4,676 6,980 4,062 3,956
  10,302 78,191 66,533 58,317 57,501 54,851 46,059 40,607
RATIOS AND STATISTICS

Unit 2021-22@ 2020-21@ 2019-20@ 2018-19@ 2017-18 @ 2016-17 @ 2015-16 @
Operating margin % 14.61 13.41 12.15 11.87 12.02 12.13 8.71
Net margin % 7.04 2.64 3.19 4.21 5.25 1.85 (0.25)
Gross Interest Cover
Times 7.49 4.73 3.57 4.37 3.86 2.36 1.91
Net Interest Cover Times 7.87 5.06 3.70 4.40 3.84 2.36 1.95
ROCE
% 16.61 9.40 8.83 10.94 9.61 8.32 5.08
ROE
% 18.97 5.58 6.51 9.78 12.06 4.39 (0.64)
Basic EPS
 Rs 61.73 15.66 16.94 24.67 27.30 9.22 (4.55)
Diluted EPS
 Rs 61.65 15.65 16.93 24.66 27.29 9.22 (4.55)
Cash EPS
 Rs 92.69 46.07 40.03 46.07 47.98 30.91 20.78
Capital Expenditure (Cash outflow) Rs.Crore 5,426 5,565 6,791 6,005 3,001 2,938 4,245
Debt Equity Ratio
Times 0.81 0.99 1.15 0.91 0.95 1.39 1.66
Book Value per Share
 Rs 347.86 296.07 259.56 256.07 244.33 205.32 196.64

*Balance Sheet items are translated at closing exchange rate and Profi t 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 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.

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