Balance sheet

31st march 31st march 31st march 31st march

2014 2015 2016 2017
Equity and liabilities ₹ in crore ₹ in crore ₹ in crore ₹ in crore
share holders fund
share capital 4989.54 4989.54 4989.54 4989.54
reserves and surplus 263.79 198.82 505.36 1830.03
Non-current liabilities
Long-term borrowings 1741.33 3.37 76.03 0.22
Other long-term liabilities - 75.00 - -
Long-term provisions 9.31 11.95 14.62 19.85
Current liabilities
Short-term borrowings 176.41 1670.16 1086.89 27.48
Trade payables 1124.43 1199.42 2768.40 3926.68
Other current liabilities 350.89 416.22 484.68 872.75
Short-term provisions 1.39 1.09 1.88 5.87
TOTAL 8657.09 8565.67 9927.40 11672.42
Assets
Non-current assets
Tangible assets 1963.30 2053.83 2026.87 2245.88
Intangible assets 0.49 0.36 2.62 10.05
Capital work-in-progress 387.71 423.16 532.77 724.86
Non-current investments 847.79 470.10 484.81 486.28
Deferred tax assets (net) 679.64 563.33 445.58 851.81
Long-term loans and advances 660.48 448.62 491.83 199.69
Current assets
Inventories 3263.82 3881.73 5251.22 5096.68
Investments - - - 340.00
Trade receivables 156.86 210.81 217.93 730.09
Cash and bank balances 385.64 150.52 47.60 252.31
Short-term loans and advances 311.30 363.03 426.09 232.33
Other current assets 0.06 0.08 0.08 502.43
TOTAL 8657.09 8565.67 9927.40 11672.42
Profit and loss account
INCOME 31st march 31st march 31st march 31st march
2014 2015 2016 2017
₹ in crore ₹ in crore ₹ in crore ₹ in crore
Revenue from operations 12694.47 16111.61 18,329.95 26437.68
Other income 187.45 57.39 19.14 35.45
TOTAL INCOME 12881.92 16169.00 18,349.09 26437.13
EXPENSES
Cost of materials consumed - 528.65 360.10 333.17
Purchases of stock-in-trade 11503.02 12857.17 15,814.82 20916.93
Changes in inventories of
finished goods and stock in trade (1295.00) (481.36) (1,356.06) 152.43
Employee benefits expense 395.17 434.74 525.25 642.14
Finance costs 69.79 150.00 117.71 77.27
Depreciation and amortization
expense 186.64 303.10 324.29 368.57
Other expenses 1626.45 1977.40 2,073.84 3229.80
TOTAL EXPENSES 12486.07 15769.70 (17,859.95) (25720.31)
PROFIT BEFORE TAX 395.85 399.30 489.14 752.82
TAX EXPENSES
Current tax - - (65.80) (160.65)
Deferred tax (123.78) (126.82) (117.75) (149.57)
Profit for the year 272.07 272.48 305.59 442.60
Other comprehensive income
Items that will not be reclassified
To profit or loss - - (0.86) (2.64)
Income tax relating to items that
will Not be reclassified to profit
or loss - - 0.12 0.56
Total comprehensive income 272.07 272.48 304.85 440.52
Earnings per equity share of
face value of ` 10 each

Basic 0.55 0.55 0.61 0.83

Diluted 0.55 0.55 0.60 0.83
CASHFLOW STATEMENT

31ST march 31st march 31st march 31st march

2014 2015 2016 2017
₹ in crore ₹ in crore ₹ in crore ₹ in crore
A: CASH FLOW FROM
OPERATING ACTIVITIES
Profit before tax as per
Statement of Profit and Loss 395.85 399.30 489.97 752.82
Adjusted for:
Profit/ loss on sale/ discarding of
Property, Plant and Equipment 34.60 35.01 25.13 41.12
Provision for doubtful debts/ bad
debts written off 1.73 0.70 0.26 (2.99)
Depreciation and amortization
expense 186.64 303.10 324.29 368.57
Effect of exchange rate change
(Profit)/ loss on sale of Financials 1.96 0.74 1.00 21.18
assets (net) (160.87) (46.83) (12.11) (9.08)
Dividend income (14.94) (1.62) - -
Interest income (2.64) (8.94) (7.03) (26.37)
Finance costs 69.79 150.00 117.71 77.27
Operating profit before working
capital changes 503.21 831.46 939.22 1222.52
Adjusted for:
Trade and other receivables (86.86) 17.09 (42.22) (593.01)
Inventories (1304.59) (479.73) (1369.49) 152.89
Trade and other payables 176.44 55.01 1655.51 1493.42
Cash generated from operations (711.80) 423.83 1183.02 2275.82
Tax paid(net) (33.20) (50.75) (128.57) (64.85)
Net cash flow from operating (745.0) 373.08 1054.45 2210.970
activities
B:CASH FLOW FROM
INVESTING ACTIVITIES
Purchase of fixed assets (520.67) (388.22) (451.03) (796.07)
Proceeds from disposal of PPE 2.06 3.10 1.20 2.07
Purchase of Financial instruments (3520.09) (4234.51) (5125.71) (6245.51)
Sale of Financial instruments 3861.30 4343.33 5123.11 5913.12
Loans refunded 282.07 (22.76) (8.80) (21.82)
Fixed deposites (220.25) 149.72 66.44 -
Interest income 2.17 8.57 7.72 25.39
Dividend income 11.16 1.62 - -
Net cash used in investing
activities (102.25) (139.15) (387.07) (1122.82)
C: CASH FLOW FROM
FINANCING ACTIVITIES
Proceeds from long term borrowings 1892.74 852.05 - -
Repayment of long term
borrowings (1077.59) (2589.08) (2.17) (1.46)
Debentures application money
received - 75.00 - -
Short term borrowings (net) 176.41 1493.75 (583.27) (804.41)
Interest paid (68.41) (158.02) (118.42) (77.57)
Net cash used in financing
activities 923.15 (326.30) (703.86) (883.44)
Net Increase/(decrease) in cash
and cash equivalents 75.09 (92.37) (36.48) 204.71
Opening balance of cash and
cash equivalents 89.49 165.39 79.99 43.51
Add: on amalgamation - 6.97 - -

Closing balance of cash and cash

equivalents 165.39 79.99 43.51 248.22