ECONOMIC PERFORMANCE


GRI Standards

The Year Before

Net Sales and other operating income for the year aggregated to ₹ 4690.00 Crores as compared to ₹ 4943.17 Crores for the previous year, reflecting a de-growth of 5.1% over the previous year.

The beginning of the year saw benign raw material prices due to low demand and low crude oil price. However, during the year, the raw material prices started to move up and reached higher double digit inflation in the latter half of the financial year. Raw material prices also increased due to global shortages and force major announced by global MNC’s.

During the year, Company took major steps to reduce operating costs. All expenses were bifurcated into fixed and variable for better monitoring. Cost reduction was achieved through innovative ideas, renegotiations, and strong budgetary control. These initiatives resulted in improvement in the bottom line.

PBDIT for the year was higher at Rs 833.08 Cr compared to Rs 781.62 Cr reflecting a growth of 6.6%.

Depreciation for the year was at Rs. 138.97 Cr, which was higher compared to the previous year Rs 119.88 Cr, mainly due to project capitalization and impact of new Accounting Standard 116 on lease accounting.

Other income was higher at Rs 38.71 Cr as compared to Rs 26.86 Cr of the previous year. Increase was due to higher deployment of surplus funds in mutual funds.

In the current year, we had provided for impairment loss towards our investment in subsidiary in Srilanka of Rs 10.82 Cr.

PBT for the year before impairment was Rs 725.33 Cr as compared to Rs 683.60 Cr of the previous year reflecting a growth of 6.1% over previous year. PAT is lower at Rs 530.99 Cr compared to Rs 535.40 Cr. which is de-growth of 0.8%.

Financial Position

The Company has not accepted any deposits covered under Chapter V of the Companies Act, 2013, during the year. There are no significant or material orders passed by any Regulators, Courts or Tribunals against the Company which could impact the going concern status and Company’s operations in future. There has been no change in the nature of business during the year. There have been no material changes and commitments affecting the financial position of the Company which have occurred between the end of the financial year of the Company to which the financial statements relate and the date of this Report.

SALES (₹ in Crores)
Sales (Net of Excise)

PROFIT (₹ in Crores)

*Before exceptional item (Net of Tax)

PROFITABILITY (%)
Profitability ratios are based on Net Sales (Net of Excise)

*Before exceptional item (Net of Tax)

SHAREHODERS’ FUNDS (₹ in Crores)
Sales (Net of Excise)

*Before exceptional item (Net of Tax)

RETURN ON NET WORTH (%)
(Profitafter Tax dividedby Shareholders Funds)

*Before exceptional item (Net of Tax)

RETURN ON CAPITAL EMPLOYED (%)

*Before exceptional item (Net of Tax)

MARKET CAPITALISATION (₹ in Crores)

EARNINGS PER SHARE (EPS) (₹)

*Before exceptional item (Net of Tax)

EPSfor the years hasbeen calculated consdiering face value of share as `1 each.

DIVIDEND (%)

*Includes speacial dividend of 125%

*Includes speacial dividend of 50%

BOOK VALUE PER SHARE (₹)

Book value of shares for the years has been calculated considering face value of ₹ 1 each.