A holistic approch
To sustainability.

ECONOMIC PERFORMANCE

GRI Standards

GRI 201: Economic Performance		Sections/Comments
GRI 103-1	Management approach: Explanation of the material topic and its boundary	Material aspects & scope
GRI 103-2	Management approach: The management approach and its components
GRI 103-3	Management approach: Evaluation of the management approach
GRI 201-1	Direct economic value generated and distributed	Net revenue: ₹ 7,496.71 Crores Profit after Tax: ₹ 1,021.24 Crores
GRI 201-2	Financial implications and other risks and opportunities due to climate change	In response to the pressing environmental challenge of climate change, KNPL has adopted the Task Force on Climate-related Financial Disclosures (TCFD) framework in FY 2022-23 to assess and quantify its risks and opportunities. We have integrated the identified risks with our Enterprise Risk Management strategy.
GRI 201-3	Defined benefit plan obligations and other retirement plans	Employee Benefits (Note 32, 39)
GRI 201-4	Financial assistance received from government	Company received no financial assistance from government

Financial Performance

(₹ in Crores)

Revenue from Operations for the year aggregated to ₹ 7,496.71 Crores as compared to ₹ 7393.30 Crores for the previous year, reflecting a growth of 1.4%.

While average crude oil prices declined compared to the previous year, the impact was partially offset by currency depreciation during the same period. As a result, overall raw material prices remained largely stable throughout the year. We continued our efforts to control overheads, with all departments working on their tasks and achieving positive results.

PBDIT for the year stood at ₹ 974.13 Crores, registering a decline from ₹ 1,022.88 Crores in the previous year, reflecting a degrowth of 4.8%. On the other hand, other income rose to ₹ 142.06 Crores, a notable increase from ₹ 93.11 Crores recorded in the previous year.

PBT for the year stood at ₹ 907.42 Crores, marginally lower than ₹ 923.57 Crores (before exceptional items) in the previous year, reflecting a degrowth of 1.7%. PAT declined to ₹ 1,021.24 Crores from ₹ 1,182.87 Crores in the previous year, marking a degrowth of 13.7%.

During the year, KNPL did not accept any deposits covered under Chapter V of the Companies Act, 2013. There are no significant or material orders passed by any regulators, courts, or tribunals against us that could impact our going concern status or our operations in the future.

There has been no change in our business during the year. Additionally, there have been no material changes or commitments affecting our financial position that occurred between the end of the financial year to which the financial statements relate and the date of this report.

	FY 24-25	FY 23-24
Revenue from Operations	7,496.71	7,393.30
Profit before Depreciation, Interest, Exceptional Item, and Tax (PBDIT)	974.13	1,022.88
Less: Depreciation and Amortisation	193.68	179.96
Profit Before Interest, Exceptional Item, and Tax (Operating Profit)	780.45	842.92
Less: Interest	15.09	12.46
Add: Other Income	142.06	93.11
Profit Before Exceptional Item and Tax	907.42	923.57
Add: Exceptional Item	479.19	642.25
Profit Before Tax (PBT)	1,386.61	1,565.82
Less: Tax Expenses	365.37	382.95
Profit after Tax	1,021.24	1,182.87
Other Comprehensive Income	(3.46)	(3.77)
Total Comprehensive Income for the Year	1,017.78	1,179.10

Way Forward

At KNPL, the agenda and preparations for the upcoming fiscal year are meticulously laid out at the start of the year. This comprehensive process involves formulating and developing a detailed yearly business plan encompassing all aspects of our operations and strategies. A detailed annual budget is prepared by the Management Committee, which includes functional heads, Managing Director and then approved by the Board of Directors, based on the annual business plan and macro environment, including currency value, raw material costs and energy costs, among other things. The functional heads and the Management Committee review the budget regularly. The Company monitors the budget using several IT platforms and has devised multiple system checks to keep it under control.

Revenue from Operations (₹ in Crores)