Five Year Consolidated Financial Statement

    Rs. crore

2017-18@ 2017-18@ 2016-17@ 2015-16@ 2014-15 2013-14
Profitability US$ in Mn*          
Sales and Operating Revenues 17,967 1,15,809 1,02,631 1,01,202 1,06,696 90,007
Less: Cost of Sales 15,807 1,01,889 90,184 92,387 97,751 81,721
Operating profit 2,160 13,920 12,448 8,815 8,944 8,286
Other Income 171 1,105 1,111 1,189 1,105 1,017
Less: Depreciation, Amortization and Impairment 714 4,606 4,469 4,507 3,591 3,553
Less: Interest and Finance Charges 607 3,911 5,742 5,134 4,178 2,702
Profit before Share in Equity Accounted            
Investments, Exceptional Items and Tax 1,010 6,508 3,348 362 2,280 3,049
Share in Profit/ (Loss) in Equity Accounted            
Investments (Net of Tax) (19) (125) (25) 172 175 67
Profit before Tax and Exceptional Items 990 6,383 3,323 534 2,455 3,116
Exceptional Income/(Expenses) (Net) 275 1,774 (8) (577) (1,940) (396)
Profi t/ (Loss) before Tax from Continuing            
Operations 1,266 8,157 3,315 (43) 515 2,720
Less: Tax Expenses 322 2,074 1,433 498 256 525
Profit/(Loss) from Continuing Operations 944 6,083 1,882 (541) 258 2,195
Profit/(Loss) from Discontinued Operations (Net of Tax) - - - (161) - -
Profit/(Loss) before Non-Controlling Interest 944 6,083 1,882 (702) 258 2,195
Less: Non-Controlling Interest in Profit/(Loss) - - (18) (451) (596) 20
Net Profit/(Loss) for the Period 944 6,083 1,900 (251) 854 2,175
Business Reconstruction Reserve (BRR) #            
Expenses adjusted against BRR (Net of Tax) - - - 682 97 86
Profit/ (Loss) for the Period had the expenses not adjusted against BRR 944 6,083 1,900 (933) 757 2,089
FINANCIAL POSITION            
             
Gross Fixed Assets (excluding CWIP) 19,211 1,25,094 121,186 123,522 101,940 87,914
Capital Work-in-Progress (CWIP) ** 317 2,063 1,814 4,214 14,111 23,059
Less: Accumulated Depreciation, Amortization and Impairment 6,144 40,006 36,499 37,849 29,981 26,750
Net Fixed Assets 13,384 87,151 86,501 89,887 86,070 84,223
Investments 1,656 10,781 15,157 12,438 12,346 12,961
Other Non-Current Assets/(Liabilities) (Net) (1,373) (8,940) (6,737) (8,859) (7,235) (6,924)
Net Current Assets 2,755 17,943 14,961 15,074 16,572 18,289
Capital Employed 16,422 1,06,935 1,09,882 1,08,540 1,07,752 1,08,549
Less: Loan Funds 7,997 52,074 63,817 67,552 68,467 66,163
Less: Non-Controlling Interest 1 9 6 381 956 1,781
Net Worth 8,424 54,852 46,059 40,607 38,329 40,605
Net Worth represented by :            
Equity Share Capital 34 223 223 205 207 206
Other Equity:            
  Share Warrants - - - - - 6
  Equity Component of Compound
Financial Instruments
1 4 4 3 - -
  Reserves and Surplus 7,317 47,645 41,770 36,443 38,122 40,393
  Other Comprehensive Income 1,072 6,980 4,062 3,956 - -
  8,424 54,852 46,059 40,607 38,329 40,605
RATIOS AND STATISTICS

Unit 2017-18 @ 2016-17 @ 2015-16 @ 2014-13 2013-14
Operating margin % 12.02 12.13 8.71 8.38 9.21
Net margin % 5.25 1.85 (0.25) 0.80 2.42
Gross Interest Cover
Times 3.83 2.36 1.91 1.95 1.85
Net Interest Cover Times 3.84 2.36 1.95 2.41 3.44
ROCE
% 9.74 8.27 5.06 5.99 5.30
ROE
% 11.09 4.13 (0.62) 2.23 5.36
Basic EPS
Rs. 27.30 9.22 (4.55) 4.14 10.91
Diluted EPS
Rs. 27.29 9.22 (4.55) 4.13 10.91
Cash EPS
Rs. 47.98 30.91 20.78 21.53 28.73
Capital Expenditure (Cash outflow) Rs. Crore 3,001 2,938 4,245 5,978 9,424
Debt Equity Ratio
Times 0.95 1.39 1.66 1.79 1.63
Book Value per Share
Rs. 244.33 205.32 196.64 185.61 196.67

* 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