Five Year Consolidated Financial Statement

    Rs.in crore

2022-23@ 2022-23@ 2021-22@ 2020-21@ 2019-20@ 2018-19@ 2017-18@ 2016-17@
Profitability US$ in Mn*              
Sales and Operating Revenues 27,791 223,202 195,059 131,985 118,144 130,542 115,820 102,631
Less: Cost of Sales 24,943 200,328 166,557 114,311 103,794 115,042 101,899 90,183
Operating profit 3,826 22,874 28,502 17,674 14,350 15,500 13,921 12,448
Other Income 157 1,257 1,136 1,222 1,186 1,127 1,105 1,111
Less: Depreciation, Amortization and Impairment 908 7,294 6,884 6,766 5,135 4,766 4,607 4,469
Less: Interest and Finance Charges 454 3,646 3,768 3,738 4,197 3,778 3,911 5,742
Profit before Share in Equity Accounted Investments, Exceptional Items and Tax 1,643 13,191 18,986 8,392 6,204 8,083 6,508 3,348
Share in Profit/(Loss) in Equity Accounted Investments (Net of Tax) 1 9 6 5 4 - (125) (25)
Profit before Tax and Exceptional Items 1,644 13,200 18,992 8,397 8,083 6,208 6,383 3,323
Exceptional Income/ (Expenses) (Net) 5 41 582 (492) (284) - 1,774 (8)
Profit/(Loss) before Tax from Continuing Operations 1,649 13,241 19,574 7,905 5,924 8,083 8,157 3,315
Less: Tax Expenses 391 3,144 5,373 2,723 2,157 2,588 2,074 1,433
Profit/(Loss) from Continuing Operations 1,258 10,097 14,201 5,182 3,767 5,495 6,083 1,882
Profit/(Loss) from Discontinued Operations (Net of Tax) - - (471) (1,699)   - - -
Profit/(Loss) before Non-Controlling Interest 1,258 10,097 13,730 3,483 3,767 5,495 6,083 1,882
Less: Non-Controlling Interest in Profit/(Loss) - - - - - (1) - (18)
Net Profit/(Loss) for the Period 1,258 10,097 13,730 3,483 3,767 5,496 6,083 1,900
Business Reconstruction Reserve (BRR) #                
Expenses adjusted against BRR (Net of Tax) - - - - - - - -
Profit/(Loss) for the Period had the expenses
not adjusted against BRR
1,258 10,097 13,730 3,483 3,767 5,496 6,083 1,900
                 
FINANCIAL POSITION                
Gross Fixed Assets (excluding CWIP) 22,207 182,450 169,911 157,052 140,334 130,142 125,094 121,186
Capital Work-in-Progress (CWIP)** 937 7,700 4,945 10,202 7,721 4,098 2,063 1,814
Less: Accumulated Depreciation,
Amortization and Impairment
8,742 71,824 63,037 56,783 51,139 44,283 40,006 36,499
Net Fixed Assets 14,402 118,326 111,819 110,471 96,916 89,957 87,151 86,501
Investments 1,718 14,116 14,119 17,133 9,411 9,012 10,781 15,157
Other Non-Current Assets/(Liabilities) (Net) (1,118) (9,188) (11,856) (11,794) (12,407) (9,581) (8,497) (6,737)
Net Current Assets 3,639 29,898 27,354 16,711 31,664 20,538 17,499 14,961
Capital Employed 18,641 153,152 141,436 132,521 125,584 109,926 106,934 109,882
Less: Loan Funds 7,100 58,335 63,234 65,978 67,257 52,416 52,074 63,817
Less: Non-Controlling Interest 1 11 11 10 10 9 9 6
Net Worth 11,540 94,806 78,191 66,533 58,317 57,501 54,851 46,059
Net Worth represented by :                
Equity Share Capital 27 222 222 222 222 223 223 223
Other Equity:                
  Share Warrants - - - - - - - -
  Equity Component of Compound Financial Instruments - 4 4 4 4 4 4 4
  Reserves and Surplus 10,186 83,692 73,860 59,717 55,577 52,599 47,644 36,443
  Other Comprehensive Income 1,325 10,888 4,105 6,590 2,514 4,676 6,980 4,062
  11,538 94,806 78,191 66,533 58,317 57,501 54,851 46,059
RATIOS AND STATISTICS

Unit 2022-23@ 2021-22@ 2020-21@ 2019-20@ 2018-19 @ 2017-18 @ 2016-17 @
Operating margin % 10.25 14.61 13.39 12.15 11.87 12.02 12.13
Net margin % 4.52 7.04 2.64 3.19 4.21 5.25 1.85
Gross Interest Cover
Times 6.43 7.49 4.73 3.57 4.37 3.86 2.36
Net Interest Cover Times 6.62 7.87 5.06 3.70 4.40 3.84 2.36
ROCE
% 11.43 16.61 9.40 8.83 10.94 9.61 8.32
ROE
% 11.67 18.97 5.58 6.51 9.78 12.06 4.39
Basic EPS
Rs 45.42 61.73 15.66 16.94 24.67 27.30 9.22
Diluted EPS
Rs 45.36 61.65 15.65 16.93 24.66 27.29 9.22
Cash EPS
Rs 78.24 92.69 46.07 40.03 46.07 47.98 30.91
Capital Expenditure (Cash outflow) Rs.Crore 9,842 5,426 5,565 6,791 6,005 3,001 2,938
Debt Equity Ratio
Times 0.64 0.82 0.99 1.15 0.91 0.95 1.39
Book Value per Share
Rs 421.79 347.87 296.07 259.56 256.07 244.33 205.32

*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 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 Workin-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