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Executive Summary

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Total income 3078.99 3822.29 5545.5 6386.51 7266.26 7851.86
Sales 3057.92 3785.29 5484.04 6285.8 7160.42 7729.13
Income from financial services 8.3 12 34.55 51.29 50.85 75.99

Total expenses 3099.71 3628.27 4732.46 5402.32 6375.58 6763.21


Raw material expenses 451.63 508.01 815.56 1005.29 1144.89 1409.6
Power, fuel & water charges 823.72 911.29 1139.85 1255.05 1729.05 1433.04
Compensation to employees 72.96 92.26 117.22 167.59 217.67 250.64
Indirect taxes 467.24 494.79 591.33 803.67 807.12 723.08
Selling & distribution expenses 575.83 843.99 1006.45 1143.02 1243.66 1477.88
Other operational exp. of indl. enterprises 0 0 0 0 0 0
Other oper. exp. of non-fin. service enterprises 0 0 0 0 0 0

PBDITA 276.72 590.91 1472.57 1812.33 1799.66 2088.05


PBDTA 169.84 501.27 1385.12 1732.41 1680.44 1975.07
PBT -33.6 285.24 1165.57 1502.76 1361.46 1588.16
PAT 2.85 229.76 782.28 1007.61 977.02 1093.24

Net worth 1067.13 1038.27 1763.78 2696.99 3602.1 4608.65


Paid up equity capital (net of forfeited capital) 124.4 124.4 124.49 124.49 124.49 124.49
Reserves & surplus 942.73 913.78 1639.29 2572.5 3477.61 4484.16

Total borrowings 1531.38 1451.83 1578.63 1740.5 2141.63 1604.52


Current liabilities & provisions 439.3 556.05 755.18 1278.56 1253.07 1299.09

Total assets 3632.65 3632.54 4669.81 6272 7736.47 8366.78


Gross fixed assets 4352.47 4746.41 5481.65 7255.75 8080.06 8338.77
Net fixed assets 2597.08 2678.2 3214.23 4783.61 5314.73 5202.31
Investments 184.79 172.39 483.45 170.9 1034.8 1659.55
Current assets 654.77 769.95 958.47 1302.86 1365.48 1475.87
Loans & advances 182.88 2.57 1.7 1.03 4.72 5.26

Growth (%)
Total income 11.48 24.14 45.08 15.17 13.78 8.06
Total expenses 14.17 17.05 30.43 14.15 18.02 6.08
PBDITA -28.56 113.54 149.2 23.07 -0.7 16.02
PAT -92.66 7961.75 240.48 28.8 -3.04 11.9
Net worth 0.68 -2.7 69.88 52.91 33.56 27.94
Total assets -3.3 0 28.55 34.31 23.35 8.15

Profitability ratios (%)


PBDITA Net of P&E/Total income net of P&E 9.57 15.45 26.55 28.39 24.76 26.58
PAT Net of P&E/Total income net of P&E 0.68 6 14.1 15.79 13.43 13.91
PAT Net of P&E/Avg. net worth 1.94 21.79 55.81 45.22 30.98 26.59
PAT/Avg. net worth 0.27 21.83 55.84 45.18 31.02 26.63
PAT Net of P&E/Avg. total assets 0.56 6.31 18.84 18.43 13.93 13.56
PAT/Avg. total assets 0.08 6.32 18.84 18.42 13.95 13.58

Liquidity ratios (times)


Current ratio 1.19 1.57 1.45 0.9 0.98 1.27
Debt to equity ratio 1.44 1.4 0.9 0.65 0.59 0.35
Interest cover 0.85 4.18 14.32 19.81 12.41 15.04
Debtors (days) 21.88 16.68 11.9 11.62 10.46 9.68
Creditors (days) 50.69 53.87 63.71 89.26 70.24 69.94

Efficiency ratios (times)


Total income / Avg. total assets 0.84 1.05 1.34 1.17 1.04 0.98
Total income / Compensation to employees 42.2 41.43 47.31 38.11 33.38 31.33
Income & expenditure

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Total income 3078.99 3822.29 5545.5 6386.51 7266.26 7851.86
Sales 3057.92 3785.29 5484.04 6285.8 7160.42 7729.13
Industrial sales 3057.92 3785.29 5484.04 6285.8 7160.42 7729.13
Income from non-financial services 0 0 0 0 0 0
Income from financial services 8.3 12 34.55 51.29 50.85 75.99
Interest 3.6 1.28 3.15 5.92 7.59 4.75
Dividends 0.1 5.71 26.67 31.55 37.56 51.46
Treasury operations 0 1.08 3.45 13.14 5.39 19.51
Other income 12.22 24.6 26.55 49.16 53.83 45.23
Prior period income & extraordinary income 0.55 0.4 0.36 0.26 1.16 1.51
Change in stock 23.57 35.74 -30.76 23.42 86.34 4.59

Total expenses 3099.71 3628.27 4732.46 5402.32 6375.58 6763.21


Raw material expenses 451.63 508.01 815.56 1005.29 1144.89 1409.6
Packaging expenses 0 0 0 0 0 0
Purchase of finished goods 193.93 265.32 182.43 13.68 19.5 63.74
Power, fuel & water charges 823.72 911.29 1139.85 1255.05 1729.05 1433.04
Compensation to employees 72.96 92.26 117.22 167.59 217.67 250.64
Indirect taxes 467.24 494.79 591.33 803.67 807.12 723.08
Royalties, technical know-how fees, etc. 0 0 0 0 93.55 115.67
Lease rent & other rent 12.26 13.52 15.45 19.52 26.19 25.8
Repairs & maintenance 48.83 64.55 82.81 87.46 122.76 145.93
Insurance premium paid 7.95 8.65 11.17 9.28 8.21 8.87
Outsourced mfg. jobs (incl. job works, etc.) 0 0 0 0 0 0
Outsourced professional jobs 12.92 18.42 16 16.87 28.29 26.41
Directors' fees 0.14 0.11 0.18 0.12 0.13 0.16
Selling & distribution expenses 575.83 843.99 1006.45 1143.02 1243.66 1477.88
Travel expenses 15.08 18.28 19.09 21.61 24.03 22.82
Communication expenses 0 0 0 0 0 0
Printing & stationery expenses 7.39 7.76 8.68 9.9 10.93 11.51
Miscellaneous expenses 32.92 20 28.44 27.35 51.33 60.3

Other operational exp. of indl. enterprises 0 0 0 0 0 0


Other oper. exp. of non-fin. service enterprises 0 0 0 0 0 0
Share of loss in subsidiaries/JVs,etc. 0 0 0 0 0 0
Lease equalisation adjustment 0 0 0 0 0 0
Loss on securitisation of assets/loans 0 0 0 0 0 0
Fee based financial service expenses 0 0 0 6.64 6.29 4.54
Treasury operations expenses 0.23 0 0 0 28.21 0
Total provisions 77.92 0 0 0 0 0
Write-offs 6.38 0.17 7.46 9.37 4.53 1.61
Less: Expenses capitalised 0 0 0 0 0.11 0
Less: DRE & expenses charged to others 0 0 0 0 13.29 13.2

Prior period & extraordinary expenses 18.51 0 0.05 1.18 0 0


Interest paid 106.88 89.64 87.45 79.92 119.22 112.98
Financial charges on instruments 0 0 0 0 0 0
Expenses incurred on raising deposits/debts 0 0 0 0 0 0
Depreciation 203.44 216.03 219.55 229.65 318.98 386.91
Amortisation 0 0 0 0 0 0
Provision for direct taxes -36.45 55.48 383.29 495.15 384.44 494.92
PAT 2.85 229.76 782.28 1007.61 977.02 1093.24
PBDITA 276.72 590.91 1472.57 1812.33 1799.66 2088.05
PBDTA 169.84 501.27 1385.12 1732.41 1680.44 1975.07
PBT -33.6 285.24 1165.57 1502.76 1361.46 1588.16
Income details

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Total income 3078.99 3822.29 5545.5 6386.51 7266.26 7851.86
Sales 3057.92 3785.29 5484.04 6285.8 7160.42 7729.13
Industrial sales 3057.92 3785.29 5484.04 6285.8 7160.42 7729.13
Sale of goods 3057.92 3785.29 5484.04 6285.8 7160.42 7729.13
Sale of scrap 0 0 0 0 0 0
Sale of raw materials 0 0 0 0 0 0
Job-work income 0 0 0 0 0 0
After sales service income 0 0 0 0 0 0
Construction income 0 0 0 0 0 0
Sale of electricity & gas 0 0 0 0 0 0
Fiscal benefits 0 0 0 0 0 0
Income from non-financial services 0 0 0 0 0 0
Trading income 0 0 0 0 0 0

Income from financial services 8.3 12 34.55 51.29 50.85 75.99


Fee based financial services income 0 0 0 0 0 0
Fund based financial services income 8.3 10.92 31.1 38.15 45.46 56.48
Interest income 3.6 1.28 3.15 5.92 7.59 4.75
Dividends 0.1 5.71 26.67 31.55 37.56 51.46
Income from leasing,etc. 4.6 3.93 1.28 0.68 0.31 0.27
Income from treasury operations 0 1.08 3.45 13.14 5.39 19.51
Profit on sale of investments 0 0.08 0.26 1.28 5.39 2.02
Profit on long term investments 0 0 0 0 0 0
Profit on current investments 0 0.08 0.26 1.28 5.39 2.02
Income from other treasury operations 0 0 0 0 0 0
Gain relating to forex transactions 0 1 3.19 11.86 0 17.49

Other income 12.22 24.6 26.55 49.16 53.83 45.23

Prior period & extra-ordinary income 0.55 0.4 0.36 0.26 1.16 1.51
Prior period income 0.55 0 0 0 0 0.02
Cash prior period income 0 0 0 0 0 0
Bad debts recovered 0 0 0 0 0 0
Residual and combined cash prior period income 0 0 0 0 0 0
Non-cash prior period income 0.55 0 0 0 0 0.02
Provisions written back 0.55 0 0 0 0 0.02
Residual and combined non cash prior period income 0 0 0 0 0 0
Extra-ordinary income 0 0.4 0.36 0.26 1.16 1.49
Profit on sale of fixed assets 0 0.21 0 0 0.18 0.13
Insurance claims 0 0.19 0.36 0.26 0.98 1.36
Contra entry for depreciation added 0 0 0 0 0 0
Gain on change in accounting policies 0 0 0 0 0 0

Change in stock 23.57 35.74 -30.76 23.42 86.34 4.59


Expenses details

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Total expenses 3099.71 3628.27 4732.46 5402.32 6375.58 6763.21
Raw materials, stores & spares 451.63 508.01 815.56 1005.29 1144.89 1409.6
Raw material expenses 265.34 284.11 519.68 657.08 745.89 985.03
Stores, spares, tools consumed 186.29 223.9 295.88 348.21 399 424.57
Packaging expenses 0 0 0 0 0 0
Purchase of finished goods 193.93 265.32 182.43 13.68 19.5 63.74
Power, fuel & water charges 823.72 911.29 1139.85 1255.05 1729.05 1433.04
Compensation to employees 72.96 92.26 117.22 167.59 217.67 250.64
Indirect taxes 467.24 494.79 591.33 803.67 807.12 723.08
Excise duty 453.68 482.46 575.3 773.81 774.92 686.31
Royalties, technical know-how fees, etc. 0 0 0 0 93.55 115.67
Rent & lease rent 12.26 13.52 15.45 19.52 26.19 25.8
Repairs & maintenance 48.83 64.55 82.81 87.46 122.76 145.93
Insurance premium 7.95 8.65 11.17 9.28 8.21 8.87
Outsourced manufacturing jobs 0 0 0 0 0 0
Outsourced professional jobs 12.92 18.42 16 16.87 28.29 26.41
Directors' fees 0.14 0.11 0.18 0.12 0.13 0.16

Advertising expenses 67.65 46.24 74.88 101.52 105.65 134.05


Marketing expenses 29.19 34.67 48.92 72.24 79.73 115.04
Distribution expenses 478.99 763.08 882.65 969.26 1058.28 1228.79
Travel expenses 15.08 18.28 19.09 21.61 24.03 22.82
Communication expenses 0 0 0 0 0 0
Printing & stationery expenses 7.39 7.76 8.68 9.9 10.93 11.51
Miscellaneous expenses 32.92 20 28.44 27.35 51.33 60.3
Other operational exp. of indl. enterprises 0 0 0 0 0 0
Other operational exp. of non-fin. services enterprises 0 0 0 0 0 0

Fund based financial services expenses 106.88 89.64 87.45 79.92 119.22 112.98
Interest expenses 106.88 89.64 87.45 79.92 119.22 112.98
Financial charges on instruments 0 0 0 0 0 0
Other fund based financial services expenses 0 0 0 0 0 0
Fee based financial services expenses 0 0 0 6.64 6.29 4.54
Bill discounting charges 0 0 0 0 0 0
Bank charges, guarantee fees, etc. 0 0 0 6.64 6.29 4.54
Treasury operations expenses 0.23 0 0 0 28.21 0
Loss on sale of investments 0 0 0 0 0 0
Loss on sale of long term investments 0 0 0 0 0 0
Loss on sale of current investments 0 0 0 0 0 0
Loss relating to forex transactions 0.23 0 0 0 28.21 0
Loss on revaluation of investments 0 0 0 0 0 0
Total provisions 77.92 0 0 0 0 0
Provisions for bad/ doubtful advances, debts 1.08 0 0 0 0 0
Depreciation (net of transfer from reval. reserves) 203.44 216.03 219.55 229.65 318.98 386.91
Amortisation 0 0 0 0 0 0
Write-offs 6.38 0.17 7.46 9.37 4.53 1.61
Less: Expenses capitalised 0 0 0 0 0.11 0
Less: DRE & expenses charged to others 0 0 0 0 13.29 13.2

Prior period & extra-ordinary expenses 18.51 0 0.05 1.18 0 0


Prior period expenses 18.34 0 0 0 0 0
Cash prior period expenses 0 0 0 0 0 0
Prior period taxes 0 0 0 0 0 0
Residual and combined cash prior period expenses 0 0 0 0 0 0
Non cash prior period expenses 18.34 0 0 0 0 0
Prior period depreciation 18.34 0 0 0 0 0
Residual and combined non cash prior period expenses 0 0 0 0 0 0
Extra-ordinary expenses 0.17 0 0.05 1.18 0 0
Loss on impairment of assets 0 0 0 0 0 0
Loss on sale of assets 0.17 0 0.05 1.18 0 0
Loss on change in accounting policies 0 0 0 0 0 0
Provision for direct tax -36.45 55.48 383.29 495.15 384.44 494.92
Corporate tax 31.53 56.58 395.27 505.81 197.08 386.62
Deferred tax 0 0 0 0 183.72 115.03
Less: Deferred tax assets / credit 68 4.75 16.7 16.71 3.14 7.23
Other direct taxes 0.02 3.65 4.72 6.05 6.78 0.5
Fringe benefits tax 0 3.58 4.61 5.87 6.32 0

Research & development expenses 3.26 5.76 6.02 9.35 17.36 14.54
Research & development expenses: Capital account 0.49 0.58 1.12 0.53 4.07 1.34
Research & development expenses: Current account 2.77 5.18 4.9 8.82 13.29 13.2
Profits

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
PBDITA 276.72 590.91 1472.57 1812.33 1799.66 2088.05
Depreciation 203.44 216.03 219.55 229.65 318.98 386.91
Amortisation 0 0 0 0 0 0

PBIT 73.28 374.88 1253.02 1582.68 1480.68 1701.14


Interest paid 106.88 89.64 87.45 79.92 119.22 112.98
Financial charges on instruments 0 0 0 0 0 0
Fee based financial services expenses 0 0 0 0 0 0

PBT -33.6 285.24 1165.57 1502.76 1361.46 1588.16


Provision for direct tax -36.45 55.48 383.29 495.15 384.44 494.92
Corporate tax 31.53 56.58 395.27 505.81 197.08 386.62
Deferred tax 0 0 0 0 183.72 115.03
Less: Deferred tax assets / credit 68 4.75 16.7 16.71 3.14 7.23
Other direct tax 0.02 3.65 4.72 6.05 6.78 0.5
Fringe benefits tax 0 3.58 4.61 5.87 6.32 0

PAT 2.85 229.76 782.28 1007.61 977.02 1093.24

Prior period & extra-ordinary income 0.55 0.4 0.36 0.26 1.16 1.51
Prior period & extra-ordinary expenses 18.51 0 0.05 1.18 0 0
Net prior period & extraordinary transactions 17.96 -0.4 -0.31 0.92 -1.16 -1.51

PBDITA net of P&E 294.68 590.51 1472.26 1813.25 1798.5 2086.54


PBIT net of P&E 91.24 374.48 1252.71 1583.6 1479.52 1699.63
PBT net of P&E -15.64 284.84 1165.26 1503.68 1360.3 1586.65
PAT net of P&E 20.81 229.36 781.97 1008.53 975.86 1091.73

Distribution of profits (%)


PBDITA 100 100 100 100 100 100
Depreciation & Amortisation 73.52 36.56 14.91 12.67 17.72 18.53
Financial charges 38.62 15.17 5.94 4.41 6.62 5.41
Tax -13.17 9.39 26.03 27.32 21.36 23.7
PAT 1.03 38.88 53.12 55.6 54.29 52.36

Non--provisions 0 0 0 0 0 0
Diminution in investement 0 0 0 0 0 0
Sundry debtors 0 0 0 0 0 0
Loans & advances including NPAs 0 0 0 0 0 0
Loans & advances to group cos. 0 0 0 0 0 0
Interest expenses 0 0 0 0 0 0
Power expenses 0 0 0 0 0 0
Gratuity 0 0 0 0 0 0
Others 0 0 0 0 0 0
Appropriation of profits

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Profit/loss after tax 2.85 229.76 782.28 1007.61 977.02 1093.24
Dividends 10.66 24.85 56.77 72.82 72.82 87.1
Equity dividends 9.33 21.79 49.79 62.24 62.24 74.69
Preference dividends 0 0 0 0 0 0
Dividend tax 1.33 3.06 6.98 10.58 10.58 12.41
Retained profits -7.81 204.91 725.51 934.79 904.2 1006.14

Transfer from reserves 0 0 0 8.17 36.08 34.83


Balance brought forward 17.92 10.11 180.57 775.16 1598.12 2438.4
Transfer to reserves 0 34.45 130.92 120 100 750

Profit ratios (times)


Equity dividend / PAT 3.27 0.09 0.06 0.06 0.06 0.07
Pref. dividend / PAT 0 0 0 0 0 0
Dividend tax / PAT 0.47 0.01 0.01 0.01 0.01 0.01
Retained profits / PAT -2.74 0.89 0.93 0.93 0.93 0.92
Forex transactions

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Total forex earnings 532.95 502.78 673.5 523.86 619.83 481.45
Export of goods(fob) 514.36 490.25 668.75 503.78 574.14 460.99
Export of services 1.97 2.06 1.01 0.06 0 0
Forex earning -- dividends 0 0 0 2.8 4.77 1.69
Forex earning -- interest 0 0 0 0 0 0
Others 16.62 10.47 3.74 17.22 40.92 18.77

Total forex spending 325.61 305.62 596.89 898.33 849.49 588.16


Import of raw materials (cif) 0 0 9.57 3.15 4.48 37.54
Import of stores & spares (cif) 258.93 229.5 363.03 460.97 643.91 422.14
Import of finished goods (cif) 0 0 0 0 0 0
Import of capital goods (cif) 0.9 13.61 140.12 353.51 75.18 32.25
Forex spending -- interest 5.8 3.7 6.04 6.88 10.18 4.06
Forex spending -- dividends 0.46 0.72 7.06 0 4.07 3.79
Forex spending -- travelling 0 0 0 0 0 0
Forex spending royalty/ technical knowhow 0 0 0 0 0 0
Forex spending others(incl. payment for services) 59.52 58.09 71.07 73.82 111.67 88.38

Export / Sales (%) 16.89 13.01 12.21 8.02 8.02 5.96


Total forex earnings / Total income (%) 17.31 13.15 12.14 8.2 8.53 6.13
Raw material imports / Raw material purchases (%) 0 0.24 1.8 1.22 0.64 2.87

Raw materials consumed 265.34 284.11 397.23 536.77 684.96 960.61


Indigenous 265.34 283.42 387.66 528.51 679.99 931.66
Imported 0 0.69 9.57 8.26 4.97 28.95
Stores & spares(components) consumed 246.48 276.72 356.44 400.16 476.69 483.42
Indigenous 216.17 247.53 327.38 362.06 413.84 439.71
Imported 30.31 29.19 29.06 38.1 62.85 43.71
Others consumed 0 0 0 0 0 0
Indigenous 0 0 0 0 0 0
Imported 0 0 0 0 0 0
Compensation to employees

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Compensation to employees 72.96 92.26 117.22 167.59 217.67 250.64
Salaries & wages 54.09 69.26 87.16 126.34 172.63 205.59
Bonus & ex gratia 0 0 0 0 0 0
Provident fund contribution 6.12 9.4 13.53 9.87 12.75 14.78
Gratuities paid 0 0 0 5.46 12.61 7.26
Staff welfare 12.75 13.6 16.53 19.58 13.81 15.92
Staff training 0 0 0 0 0 0
ESOPs 0 0 0 0.77 0.91 0.34
Voluntary retirement scheme (VRS) (amortised) 0 0 0 0 0 0
Payment under VRS (one time charge) 0 0 0 0 0 0
Arrears paid during the year 0 0 0 0 0 0
Payments / reimbursement of expenses 0 0 0 0 0 0
Other expenses on employees 0 0 0 5.57 4.96 6.75
Directors' remuneration 0 0 0 0 5.03 6.43

Directors' salary 0 0 2.36 3.56 4.13 5.53


Sitting fees 0.08 0.08 0.13 0.08 0.13 0.09
Bonus/Commission 0 0 0.1 0.88 0.09 0.9
Perquisites 0 0 0 0 0 0
Retirement benefits 0 0 0 0 0 0
Contribution to PF 0 0 0 0 0 0

No. of employees ('000 nos) 3 3 3 3 4 4

Per employee indicators in Rs. Lakh


Compensation per employee 2.31 2.82 3.35 4.2 4.98 5.59
Income per employee 97.44 117.03 158.31 160.1 166.24 175.23
PBDITA per employee 8.76 18.09 42.04 45.43 41.17 46.6
PBT per employee -1.06 8.73 33.27 37.67 31.15 35.44
PAT per employee -1.15 1.7 10.94 12.41 8.8 11.04

ESOP expenses
Shares outstanding (at the fiscal end) - Lakh shares 1243.99 1243.99 1244.86 1244.86 1244.86 1244.87
ESOP expenses / Total employee cost 0 0 0 0 0 0
Staff welfare & Training / Compensation to employees 0.17 0.15 0.14 0.12 0.06 0.06
Directors' remuneration / Compensation to employees 0 0 0 0 0.02 0.03
VRS / Compensation to employees 0 0 0 0 0 0
Sources & Uses of funds

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Sources of funds
Internal sources 215.16 283.87 924.72 1135.95 1192.88 1374.18
Retained profits 7.71 -28.95 725.51 933.21 905.11 1006.45
Depreciation 207.45 312.82 199.21 202.74 287.77 367.73

External sources -49.82 37.29 325.93 685.25 375.64 -490.99


Fresh capital -0.51 0.09 -1.42E-14 0 0 0.1
Share premium reserves 0 0 0 0 0 0.1
Borrowings -104.26 -79.55 126.8 161.87 401.13 -537.11
Bank/Fin. Inst. borrowings -97.97 -136.01 267.58 274.7 -19.28 -270
Debentures & bonds 107.44 18.8 -75.15 -184.08 75.97 -298.96
Borrowings from corporate bodies 0 0 0 0 0 0
Borrowings from group/associated cos 0 0 0 0 0 0
Foreign borrowings 79.5 9.73 -89.23 0 285.16 0
Loan from promoters/directors 0 0 0 0 0 0
Other borrowings -193.23 27.93 23.6 71.25 59.28 31.85
Current liabilities & provisions 54.95 116.75 199.13 523.38 -25.49 46.02
Sundry creditors 40.17 94.86 145.86 312.41 -37.01 -57.88
Deferred tax liability -66.27 -8.45 -14.17 -16.27 183.72 114.85

Uses of funds
Gross fixed assets 52.57 393.94 735.24 1772.12 818.89 255.31
Capital work-in-progress 24.12 92.34 549.79 1557.66 -1581.28 -407.39
Investments -53.3 -12.4 311.06 -312.55 863.9 624.75
Investment in group cos. 23.54 -199.32 65.92 -33.95 405.46 315.02
Current assets 98.07 -65.13 187.65 343.72 66.31 110.93
Inventories 60.54 95.86 54.01 176.18 82.21 129.73
Total receivables 26.74 17.41 92.11 170.56 -32.78 -10.69
Sundry debtors -5.62 0.6 10.95 33.11 -22.67 21.89
Loans & advances -6.27 -180.31 -0.87 -0.67 3.69 0.54
Loans & advances to group & associated cos -6.7 -179.47 -0.21 0.22 -0.18 0.04
Expenses paid in advance 2.63 -3.43 14.41 -13.45 9.39 2.11
Cash & bank balance 14.43 5.34 27.99 11.1 3.8 -10.76
Deferred tax assets 1.73 -3.7 2.53 1.64 3.14 7.05

Total sources/uses 99.07 312.71 1236.48 1804.93 1752.24 998.04


Liabilities

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Net worth 1067.13 1038.27 1763.78 2696.99 3602.1 4608.65
Authorised capital 130 130 130 130 130 130
Issued equity capital 124.4 124.4 124.49 124.49 124.49 124.49
Paid up equity capital (net of forfeited capital) 124.4 124.4 124.49 124.49 124.49 124.49
Forfeited equity capital 0 0 0 0 0 0
Paid up preference capital (net of forfeited capital) 0 0 0 0 0 0
Capital contibution, suspense and application money 0 0.09 0 0 0 0

Reserves & surplus 942.73 913.78 1639.29 2572.5 3477.61 4484.16


Free Reserves 788.33 749.78 1444.37 2384.98 3325.26 4366.33
Security premium reserves (Net of deductions) 0 0 0 0 0 0.1
Other free reserves 788.33 749.78 1444.37 2384.98 3325.26 4366.23
Specific Reserves 154.4 164 194.92 187.52 152.35 117.83
Revaluation Reserves 0 0 0 0 0 0
Less Accumulated losses 0 0 0 0 0 0

Total borrowings 1531.38 1451.83 1578.63 1740.5 2141.63 1604.52


Bank borrowings 250.16 114.15 381.73 656.43 637.15 367.15
Short term bank borrowings 144.34 14.15 20.91 313.29 301.89 46.17
Long term bank borrowings 105.82 100 360.82 343.14 335.26 320.98
Financial institutional borrowings 0 0 0 0 0 0
Central & state govt. (usually sales tax deferrals) 0 0 0 0 0 0
Debentures / bonds 999.75 1018.55 943.4 759.32 835.29 536.33
Convertible 0 0 0 0 0 0
Non-convertible 999.75 1018.55 943.4 759.32 835.29 536.33
Fixed deposits 0 0 0 0 0 0
Foreign borrowings 79.5 89.23 0 0 285.16 285.16
Of which : euro convertible bonds 0 0 0 0 0 0
Borrowings from corporate bodies 0 0 0 0 0 0
Group / associate cos. 0 0 0 0 0 0
Borrowings from promoters / directors 0 0 0 0 0 0
Commercial paper 0 0 0 0 0 0
Hire purchase borrowings 0 0 0 0 0 0
Deferred credit 201.97 229.9 253.5 324.75 384.03 415.88
Other borrowings 0 -2.27E-13 0 0 0 0

Secured borrowings 1253.35 1221.93 1151.25 982.66 1175.8 854.19


Unsecured borrowings 278.03 229.9 427.38 757.84 965.83 750.33
Current portion of long term debt 72 76 185 325 300.57 124.05

Current liabilities & provisions 439.3 556.05 755.18 1278.56 1253.07 1299.09
Sundry creditors 223.27 318.13 463.99 776.4 739.39 681.51
Acceptances 0 0 0 0 0 0
Deposits & advances from customers & employees 58.13 120.9 166.92 254.58 236.07 272.33
Interest accrued 37.16 34.47 32.04 32.27 56.25 29.84
Share application money 0 0 0 0 0 0
Other current liabilities 96.87 43.37 73.76 89.76 89.21 154.4
Provisions 23.87 39.18 18.47 125.55 132.15 161.01

Deferred tax liability 594.84 586.39 572.22 555.95 739.67 854.52

Total liabilities 3632.65 3632.54 4669.81 6272 7736.47 8366.78


Net worth (net of reval & DRE) 1067.13 1038.27 1763.78 2696.99 3602.1 4608.65
Contingent liabilities 129.3 685.42 1942.56 645.17 358.72 420.26
Shareholder's funds

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Net worth 1067.13 1038.27 1763.78 2696.99 3602.1 4608.65
Authorised equity capital 130 130 130 130 130 130
Issued equity capital 124.4 124.4 124.49 124.49 124.49 124.49
Subscribed equity capital 124.4 124.4 124.49 124.49 124.49 124.49
Paid-up equity capital 124.4 124.4 124.49 124.49 124.49 124.49
Forfeited equity capital 0 0 0 0 0 0
Paid-up preference capital 0 0 0 0 0 0
Capital contibution, suspense & application money 0 0.09 0 0 0 0
Bonus share capital 0 0 0 0 0 0

Number of shares (in Lakhs)


Authorised equity shares 1300 1300 1300 1300 1300 1300
Issued equity shares 1243.99 1243.99 1244.86 1244.86 1244.86 1244.87
Subscribed equity shares (net) 1243.99 1243.99 1244.86 1244.86 1244.86 1244.87
Equity shares alloted without payment being received
1006.33
in cash 0 0 996.09 996.09 996.1

Call in arrears amount 0 0 0 0 0 0


From directors 0 0 0 0 0 0
From others 0 0 0 0 0 0
Reduction in equity capital 0 0 0 0 0 0
Reduction in equity capital (lakh shares) 0 0 0 0 0 0

Free reserves 788.33 749.78 1444.37 2384.98 3325.26 4366.33


Security premium reserves (net of deductions) 0 0 0 0 0 0.1
Other reserves 0 0 0 0 0 0
General reserves 778.22 569.21 669.21 786.86 886.86 1636.86
Balance from profit & loss account 10.11 180.57 775.16 1598.12 2438.4 2729.37

Specific reserves 154.4 164 194.92 187.52 152.35 117.83


Capital, debt, investment & other reserves 154.4 164 194.92 186.75 150.67 115.84
Debenture/bond redemption reserves 129.43 138.88 169.8 161.63 125.55 90.72
Foreign project reserves 0 0 0 0 0 0
Investment fluctuation reserve 0 0 0 0 0 0
Employee stock option reserve 0 0 0 0.77 1.68 1.99

Revaluation reserves 0 0 0 0 0 0

Accumulated losses 0 0 0 0 0 0
Revenue expenses directly charged to reserves 0 0 0 0 0 0
Long term liabilities

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Borrowings 1531.38 1451.83 1578.63 1740.5 2141.63 1604.52
Secured borrowings 1253.35 1221.93 1151.25 982.66 1175.8 854.19
Secured bank borrowings 174.1 114.15 207.85 223.34 55.35 32.7
Secured short-term bank borrowings 68.28 14.15 20.91 143.1 55.35 32.7
Secured term bank borrowings 105.82 100 186.94 80.24 0 0
Secured financial institutional borrowings 0 0 0 0 0 0
Secured borrowings from central & state govt. 0 0 0 0 0 0
Secured borrowings syndicated across banks & institutions 0 0 0 0 0 0
Hire purchase loans 0 0 0 0 0 0
Deferred credit 0 0 0 0 0 0
Debentures/ bonds 999.75 1018.55 943.4 759.32 835.29 536.33
Non-convertible debentures/ bonds 999.75 1018.55 943.4 759.32 835.29 536.33
Convertible debentures 0 0 0 0 0 0
Convertible warrants 0 0 0 0 0 0
Foreign currency borrowings 79.5 89.23 0 0 285.16 285.16
Loans from promoters /directors/shareholders (individuals) 0 0 0 0 0 0
Inter-corporate loans 0 0 0 0 0 0
Loans from subsidiary cos. 0 0 0 0 0 0
Loans from group/assoc. business enterprises 0 0 0 0 0 0
Loans from other business enterprises 0 0 0 0 0 0
Other secured borrowings 0 0 0 0 0 0

Unsecured borrowings 278.03 229.9 427.38 757.84 965.83 750.33


Fixed deposits 0 0 0 0 0 0
Unsecured Bank borrowings 76.06 0 173.88 433.09 581.8 334.45
Unsecured short-term bank borrowings 76.06 0 0 170.19 246.54 13.47
Unsecured term bank borrowings 0 0 173.88 262.9 335.26 320.98
Unsecured borrowings from financial insitutions 0 0 0 0 0 0
Unsecured borrowings syndicated across banks & institutions
0 0 0 0 0 0
Unsecured debentures/bonds 0 0 0 0 0 0
Deferred credit 201.97 229.9 253.5 324.75 384.03 415.88
Unsecured borrowings from central & state govt. 0 0 0 0 0 0
Foreign currency borrowings 0 0 0 0 0 0
Inter-corporate loans 0 0 0 0 0 0
Loans from subsidiary cos. 0 0 0 0 0 0
Loans from group & associate business enterprises 0 0 0 0 0 0
Loans from other business enterprises 0 0 0 0 0 0
Loans from promoters /directors/shareholders 0 0 0 0 0 0
Commercial papers 0 0 0 0 0 0
Other unsecured borrowings 0 0 0 0 0 0

Current portion of secured & unsecured long term debt 72 76 185 325 300.57 124.05
Current portion of secured borrowings (incl. deb. redmn.) 72 0 185 325 300 0
Current portion of unsecured borrowings 0 0 0 0 0.57 124.05
Current liabilities

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Current liabilities & provisions 439.3 556.05 755.18 1278.56 1253.07 1299.09
Sundry creditors 223.27 318.13 463.99 776.4 739.39 681.51
Sundry creditors for goods & services 223.27 318.13 463.99 776.4 739.39 681.51
Sundry creditors for capital works 0 0 0 0 0 0
Of which: sundry creditors from group / subsidiary cos. 0 4.09 0.09 0.6 0 0

Acceptances 0 0 0 0 0 0
Deposits & advances from customers & employees 58.13 120.9 166.92 254.58 236.07 272.33
Security deposits /trade deposits /dealer deposits 32.97 78.52 112.99 149.85 157.68 180.24
Advances from customers on capital account 0 0 0 0 0 0
Advances from customers on revenue account 25.16 42.38 53.93 104.73 78.39 92.09
Deposits from employees 0 0 0 0 0 0

Interest accrued 37.16 34.47 32.04 32.27 56.25 29.84


Interest accrued & due 0 0 0 0 0 0
Interest accrued but not due 37.16 34.47 32.04 32.27 56.25 29.84

Share application money/advances - oversubscribed /refundable


0 amount 0 0 0 0 0
Other current liabilities 96.87 43.37 73.76 89.76 89.21 154.4

Provisions 23.87 39.18 18.47 125.55 132.15 161.01


Corporate tax provision 0 2.22 0 21.43 25.9 26.02
Other direct & indirect tax provisions 0 0 0 0 0 0
Provision for bad/doubtful advances & debts 0 0 0 0 0 0
Total dividend provisions 9.33 21.79 0 62.24 62.24 74.69
Dividend tax provision 1.31 3.06 0 10.58 10.58 12.41
Provision for employees 9.67 12.11 16.83 27.79 28.31 41.19
Other provisions 3.56 0 1.64 3.51 5.12 6.7
Contingent liabilities

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Contingent liabilities 129.3 685.42 1942.56 645.17 358.72 420.26
Bills/cheques discounted 0 0 0 0 0 0
Letter of credit 0 0 0 0 0 0
Disputed taxes 50.49 108.14 116.45 78.76 107.54 114.45
Income tax 0 0 0 0 0 0
Excise 19.02 27.1 35.75 27.35 46.71 53
Custom duties 0 30.12 0.19 0.11 0.11 0.11
Sales tax 31.47 50.92 80.51 51.3 60.72 61.34
Others incl. octroi & local taxes 0 0 0 0 0 0

Disputed claims/others 13.53 29.68 43.48 43.27 41.01 42.84


Licence fees (telecom, etc.) 0 0 0 0 0 0
Lease rentals 0 0 0 0 0 0
Other claims / others 13.53 29.68 43.48 43.27 41.01 42.84
Total guarantees 0 0 0 0 0 0
Guarantees by company for others 0 0 0 0 0 0
Guarantees by company for group companies 0 0 0 0 0 0
Counter guarantees by company 0 0 0 0 0 0
Counter guarantees for group companies 0 0 0 0 0 0

Bonds issued in favour of govt. authorities, etc. 0 0 0 0 0 0


For disputed taxes 0 0 0 0 0 0
Income tax 0 0 0 0 0 0
Excise 0 0 0 0 0 0
Custom duties 0 0 0 0 0 0
Sales tax 0 0 0 0 0 0
Bonds issued by directors/promoters in their personal capacity
0 0 0 0 0 0
Bonds issued for other purposes 0 0 0 0 0 0
Liabilities on account of non fulfilment of export obligation 0 0 0 0 0 0
Liabilities on account of forward foreign exchange contract 0 0 0 0 0 0
Contracts remaining to be executed on capital account 55.74 531.97 1749.1 491.32 170.09 233.29
Claims against the company not acknowledged as debt 9.54 15.63 33.53 31.82 40.08 29.68
Other contingent liabilities 0 0 0 0 0 0

Contingent liabilities / Net worth 0.12 0.66 1.1 0.24 0.1 0.09
Assets

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Gross fixed assets 4352.47 4746.41 5481.65 7255.75 8080.06 8338.77
Land & building 531.35 558.18 577.72 611.28 687.9 774.69
Plant & machinery 3461.45 3719.35 3872.48 4009.32 6308.9 6878.18
Transport & comm. equipment/infrastructure 245.05 250 251.38 254.58 287.05 295.96
Furniture,amenities & other fixed assets 66.44 77.85 83.12 95.44 109.77 118.51
Capital work-in-progress 48.18 140.52 690.31 2247.97 666.69 259.3
Intangible assets 0 0 0 1.98 7.4 10.8

Net pre-operative expenses pending allocation 0 0.51 6.64 35.18 12.35 1.33
Net lease reserve adjustment 0 0 0 0 0 0
Less: Cumulative depreciation 1755.39 2068.21 2267.42 2472.14 2765.33 3136.46
Less: Arrears of depreciation 0 0 0 0 0 0

Net fixed assets 2597.08 2678.2 3214.23 4783.61 5314.73 5202.31

Investments 184.79 172.39 483.45 170.9 1034.8 1659.55


Equity shares 261.63 24.24 24.24 24.24 24.24 31.8
Preference shares 0 0 0 20 21.07 21.07
Mutual funds 0 148.15 459.21 126.66 989.49 1606.68
Debt instruments 0 0 0 0 0 0
Approved securites (slr/statutory req.) 0 0 0 0 0 0
Assisted companies 0 0 0 0 0 0
Others 0 0 0 0 0 0
Less: Provision for dimunition in value of investments 76.84 0 0 0 0 0

Group companies 261.63 62.31 128.23 94.28 499.74 814.76


Non-group companies 0 110.08 355.22 76.62 535.06 844.79

Market value of quoted investments 0 0 0 0 0 0

Deferred tax assets 13.13 9.43 11.96 13.6 16.74 23.79

Current assets 654.77 769.95 958.47 1302.86 1365.48 1475.87


Cash & bank balance 56.26 61.6 89.59 100.69 104.49 93.73
Inventories 283.71 379.57 433.58 609.76 691.97 821.7
Receivables 311.37 328.78 420.89 591.45 558.67 547.98
Expenses paid in advance 3.43 0 14.41 0.96 10.35 12.46

Loans & advances 182.88 2.57 1.7 1.03 4.72 5.26


Deferred revenue expenditure 0 0 0 0 0 0

Total assets 3632.65 3632.54 4669.81 6272 7736.47 8366.78


Fixed assets

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Gross fixed assets 4352.47 4746.41 5481.65 7255.75 8080.06 8338.77
Intangible assets 0 0 0 1.98 7.4 10.8
Goodwill 0 0 0 0 0 0
Software 0 0 0 1.98 7.4 10.8
Other intangible assets 0 0 0 0 0 0
Land & building 531.35 558.18 577.72 611.28 687.9 774.69
Land 83.29 89.62 93.54 102.33 129.14 190.57
Building 448.06 468.56 484.18 508.95 558.76 584.12
Additions during the year 0 0 0 0 0 25.41
Less: Cumulative depreciation 120.05 138.05 152.56 166.26 161.91 179.33

Plant & machinery / computers / electrical installations3461.45 3719.35 3872.48 4009.32 6308.9 6878.18
Plant & machinery 3461.45 3719.35 3872.48 4009.32 6308.9 6878.18
Additions during the year 0 0 0 0 0 582.1
Less: Cumulative depreciation 1474.96 1749.58 1921.36 2098.1 2361.85 2693.15
Computers/IT systems 0 0 0 0 0 0
Additions during the year 0 0 0 0 0 0
Less: Cumulative depreciation 0 0 0 0 0 0
Electrical installations & fittings 0 0 0 0 0 0

Transport infrastructure 235.98 240.26 159.66 159.66 240.26 249.43


Transport equipment / vehicles 9.07 9.74 91.72 94.92 46.79 46.53
Communication equipment 0 0 0 0 0 0
Furniture & fixtures 66.44 77.85 83.12 95.44 109.77 118.51
Social amenities 0 0 0 0 0 0
Other fixed assets 0 0 0 0 0 0

Total additions during the year 0 0 0 0 0 695.04


Net lease reserve adjustment 0 0 0 0 0 0
Less: Arrears of depreciation (cumulative) 0 0 0 0 0 0
Less: Total cumulative depreciation 1755.39 2068.21 2267.42 2472.14 2765.33 3136.46

Net fixed assets 2597.08 2678.2 3214.23 4783.61 5314.73 5202.31


Net pre-operative expenses pending allocation 0 0.51 6.64 35.18 12.35 1.33
Capital work-in-progress 48.18 140.52 690.31 2247.97 666.69 259.3
Assets held for sale / transfer 0 0 0 0 0 0
Less: Provisions / provision for impairment 0 0 0 0 0 0
Investments

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Investments 184.79 172.39 483.45 170.9 1034.8 1659.55
In equity shares 261.63 24.24 24.24 24.24 24.24 31.8
Group companies 261.63 24.24 24.24 24.24 24.24 31.8
Other than group companies 0 0 0 0 0 0
In preference shares 0 0 0 20 21.07 21.07
Group companies 0 0 0 0 1.07 1.07
Other than group companies 0 0 0 20 20 20
In debt instruments 0 0 0 0 0 0
Other than government debentures/bonds 0 0 0 0 0 0
Group companies 0 0 0 0 0 0
Other than group companies 0 0 0 0 0 0
In bonds/debentures of government/local bodies 0 0 0 0 0 0
In mutual funds 0 148.15 459.21 126.66 989.49 1606.68
Group companies 0 38.07 103.99 70.04 474.43 781.89
Other than group companies 0 110.08 355.22 56.62 515.06 824.79
In others 0 0 0 0 0 0
Less: Provision for diminution in value of investments 76.84 0 0 0 0 0

Non-provisioning of diminution in investments 0 0 0 0 0 0


Book value of quoted investments 0 0 0 126.66 989.49 1606.68
Market value of quoted investments 0 0 0 0 0 0
Marketable securities 0 148.15 459.21 126.66 989.49 1606.68
Investment lodged as security 0 0 0 0 0 0
Investment Schedule

Ultratech Cement Ltd.

Company Quantity Face Amount


(Nos.) Value (Rs. Crore)

Mar 2010

EQUITY
Ultratech Ceylinco (Pvt.) Ltd.
40000000 10 23.03
Ultratech Cement Middle East Investment Ltd.
600000 10 7.56
Madanpur (North) Coal Company (P) Ltd.
1065580 10 1.07
Dakshin Cements Ltd.
50000 10 1.21
Aditya Birla Health Services Ltd.
2000000 100 20

UNITS
U T I Short Term Income Fund
83818280 10 86.01
U T I Fixed Income Interval Fund
21551906 10 21.55
U T I F T I F - Series V
50287940 10 50.29
U T I F T I F - Series Iii
10000787 10 10
U T I F T I F - Series Ii
50004313 10 50
UTIFMP
15000000 10 15
Religare Active Income Fund
10050097 10 10.05
Reliance Short Term Fund
62917151 10 66.95
Reliance Regular Saving Fund
4139861 10 5
Reliance F H F - Xiii - Series 5
10000000 10 10
Principal Money Manager Fund
2884449 10 3
L I C M F Savings Plus Fund
50474227 10 73.87
L I C M F Floating Rate Fund
13512622 10 20.43
Kotak Qtly Interval Plan Series 8
50252691 10 50.25
Kotak Qtly Interval Plan Series 6
15082764 10 15.08
Kotak Qtly Interval Plan Series 4
10000000 10 10
Kotak F M P Series 2
10000000 10 10
Kotak Bond
20975697 10 21.16
I C I C I Prudential Ultra Short Term Plan
30353251 10 31.35
I C I C I Prudential M I P
34940971 10 35.02
I C I C I Prudential Income Plan
10238698 10 12.29
I C I C I Prudential F M P - Series 51
45000000 10 45
I C I C I Prudential F M P - Series 49
20000000 10 20
H D F C Floating Rate Income Fund
15817397 10 25
HDFCFMP
20000000 10 20
Birla Sun Life Short Term Fund
37391689 10 40.9
Birla Sun Life Savings Fund
40625519 10 71
Birla Sun Life Medium Term Plan
16254179 10 16.22
Birla Sun Life Interval Series 2
40003222 10 40
Birla Sun Life Interval Series 1
20000000 10 20
Birla Sun Life Income Plus
22254582 10 25.01
Birla Sun Life Floating Rate Fund
224672817 10 225.15
Birla Sun Life F T P - Series Cd
50000000 10 50
Birla Sun Life Dynamic Bond Fund
298216880 10 309.83
Current assets

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Inventories 283.71 379.57 433.58 609.76 691.97 821.7
Raw materials, packing material, & stores & spares 174.77 213.76 298.53 451.29 447.14 572.3
Raw materials 9.36 12.74 23.43 43.26 68 91.87
Packing materials 0 0 0 0 0 0
Stores & spares 165.41 201.02 275.1 408.03 379.14 480.43
Finished & semi-finished goods 108.94 165.81 135.05 158.47 244.83 249.4
Finished goods 49.59 59.84 59.45 56.12 67.84 83
Semi-finished goods 59.35 105.97 75.6 102.35 176.99 166.4
Stock of shares & debentures, etc. 0 0 0 0 0 0
Stock of real estate (including work in progress) 0 0 0 0 0 0
Stock of constructions (including work in progress) 0 0 0 0 0 0
Stock of satisfied, hired & other assets 0 0 0 0 0 0
Stock hired 0 0 0 0 0 0
Stock of satisfied assets 0 0 0 0 0 0
Stock of other assets 0 0 0 0 0 0

Receivables 311.37 328.78 420.89 591.45 558.67 547.98


Sundry debtors (outstanding less than six months) 168.59 161.99 174.7 207.3 176.82 210.44
Considered doubtful 0 0 0 0 0 0
Sundry debtors (outstanding over six months) 3.36 10.56 8.8 9.31 17.12 5.39
Considered doubtful 0 1.56 0 0 0 0
Sundry debtors (outstanding from group cos) 0 0 0 0 0 0
More than six months 0 0 0 0 0 0
Less than six months 0 0 0 0 0 0
Bills receivable 0 0 0 0 0 0
Accrued income, lease rent & other receivables 113.26 124.83 168.35 223.51 248.26 219.31
Deposits 26.16 31.4 69.04 151.33 116.47 112.84
Sale of investments & other receivables 0 0 0 0 0 0

Expenses paid in advance 3.43 0 14.41 0.96 10.35 12.46

Loans & advances 182.88 2.57 1.7 1.03 4.72 5.26


Loans & advances to employees & directors 0 0 0 0 4.55 5.05
Loans provided to companies/ departmental undertakings/business
179.81 enterprises
0.34 0.13 0.35 0.17 0.21
Loans provided to group companies 179.81 0.34 0.13 0.35 0.17 0.21
Securitised assets & other loans, advances 3.07 2.23 1.57 0.68 0 0
Loans & advances considered good & secured 3.07 2.23 1.57 1.64 1.76 1.26
Loans & advances considered good but not secured 322.66 156.57 250.36 375.19 379.8 349.87
Loans & advances considered bad & doubtful 2.81 0.22 0.22 0.22 0.22 0.22

Cash & bank balance 56.26 61.6 89.59 100.69 104.49 93.73
Cash balance 0.15 0.11 0.18 18.53 6.15 13.46
Bank balance 56.11 61.49 89.41 82.16 98.34 70.27
Cash flow

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Net cash flow from operating activities (indirect method) 336.62 550.3 1103.04 1381.83 1446.99 1561.35
Net profit before tax & extra ordinary income 43.24 285.59 1166.19 1507.01 1361.46 1588.16
Adjustments for depreciation 221.78 216.03 226.25 237.23 323 386.91
Adjustments for interest payable 106.88 89.64 86.83 82.31 125.51 117.52
Adjustments for provn. for contingencies 0 0 0 0 0 0
Adjustments for foreign exchange (gain)/loss 15.86 0.79 -2.74 -8.97 12.94 -13.91
Adjustments for add back of amortisations & others written20.17
off 0.17 0.76 1.79 1.31 1.95
Adjustments for add back of other provisional adjustments 2.81 0 6.36 9.27 6.96 27.17
Adjustments for (profit)/loss on sale of investments 0 -0.08 -0.26 -1.28 -3.11 -0.95
Adjustments for (profit)/loss on sale of assets 0.17 -0.21 0.05 1.18 -0.18 -0.13
Adjustments for interest income -3.6 -1.28 -3.15 -5.92 -7.59 -4.75
Adjustments for dividend income -0.1 -5.71 -26.67 -31.55 -37.56 -51.46
Adjustments for other expenses / income 0 0 0 0.77 0 0
Adjustments for provision / liabilities written back -0.55 -12.41 0 0 0 0

Operating cash flow before working capital changes406.66 572.53 1453.62 1791.84 1782.74 2050.51
Cash inflow/(outflow) due to decrease/(increase) in trade
-26.43
& other receivables
-1.14 -91.56 -169.63 27.89 10.21
Cash inflow/(outflow) due to decrease/(increase) in inventories
-60.54 -43.05 -54.01 -176.18 -82.21 -129.73
Cash inflow/(outflow) due to increase/(decrease) in trade
52.72
& other payables
78.21 222.27 416.07 -60.96 30.2
Cash inflow/(outflow) due to deposits (banks/FIs) 0 0 0 0 0 0
Cash inflow/(outflow) due to advances (banks/FIs) 0 0 0 0 0 0
Cash inflow/(outflow) due to others 0 0 0 0 0 0

Cash flow generated from operations 372.41 606.55 1530.32 1862.1 1667.46 1961.19
Cash (outflow) due to direct taxes paid -34.99 -54.92 -417.24 -480.27 -209.74 -389.11
Cash (outflow) due to dividend tax paid -0.8 -1.33 -10.04 0 -10.58 -10.58

Cash flow before extraordinary items 336.62 550.3 1103.04 1381.83 1447.14 1561.5
Cash inflow/(outflow) from extraordinary items 0 0 0 0 -0.15 -0.15
Cash (outflow) due to miscellaneous expenditure 0 0 0 0 0 0

Net cash inflow/(outflow) from investment activities -87.18 -355.27 -1045.45 -1441.79 -1645.43 -851.66
Cash (outflow) due to purchase of fixed assets -69.3 -217.29 -764.88 -1798.89 -850.04 -275.17
Cash inflow due to sale of fixed assets 0.45 1.13 0.41 5.8 20.25 1.1
Cash inflow/(outflow) due to decrease / (increase) in capital wip
0 0 0 0 0 0
Cash inflow /(outflow) due to acquisition/ merger/ hiving off of0cos./ units 1.97 0 0 0 0
Cash (outflow) due to purchase of investments -23.54 -148 -311 0 -866.18 -635.82
Cash inflow due to sale of investments 0 0.08 0.26 313.62 5.39 2.02
Cash inflow due to profit on redemption of shares 0 0 0 0 0 0
Cash inflow/(outflow) due to loans to subs./group cos. 1.51 0 0 0 0 0
Cash inflow/(outflow) due to loans to other cos. 0 0 0 0 0 0
Cash inflow due to interest received 3.6 1.13 0 0 7.59 4.75
Cash inflow due to dividend received 0.1 5.71 29.76 37.68 37.56 51.46
Cash inflow/ (outflow) due to other income 0 0 0 0 0 0
Cash inflow /(outflow) due to disbursements 0 0 0 0 0 0

Net cash inflow/ (outflow) from financing activities -235.01 -189.69 -29.6 71.06 202.24 -730.45
Cash inflow due to proceeds from share issues -0.51 0 0 0 0 0.07
Cash (outflow) due to redemption/buyback of capital 0 0 0 0 0 0
Cash inflow due to cash subsidy 0 0 0 0 0 0
Cash inflow due to proceeds from total borrowings 549.63 217.15 207.19 451.66 804.81 32.89
Cash inflow due to proceeds from long term borrowings
549.63 217.15 200.43 161.55 804.81 32.89
Cash inflow due to proceeds from short term borrowings 0 0 6.76 290.11 0 0
Cash (outflow) due to repayment of total borrowings -669.75 -305.19 -76 -285 -422.93 -555.23
Cash (outflow) due to repayment of long term liabilities -612 -167.33 -76 -285 -411.52 -300
Cash (outflow) due to repayment of short term liabilities-57.75 -137.86 0 0 -11.41 -255.23
Cash (outflow) due to issue expenses 0 0 0 0 0 0
Cash (outflow) due to interest paid -108.16 -92.32 -89.21 -95.6 -117.4 -145.94
Cash (outflow) due to dividend paid -6.22 -9.33 -71.58 0 -62.24 -62.24
Cash inflow/(outflow) due to other cash receipts/payables from 0 financing activities
0 0 0 0 0

Net cash inflow/(outflow) due to net increase/(decrease)


14.43
in cash & cash
5.34
equivalents27.99 11.1 3.8 -20.76
Cash flow -- opening balance 41.83 56.26 61.6 89.59 100.69 104.49
Cash flow -- closing balance 56.26 61.6 89.59 100.69 104.49 83.73
Growth in Income & Expenditure (%)

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Total income 11.48 24.14 45.08 15.17 13.78 8.06
Sales 13.54 23.79 44.88 14.62 13.91 7.94
Industrial sales 14.97 23.79 44.88 14.62 13.91 7.94
Income from non-financial services Error Error Error Error Error Error
Income from financial services -80.53 44.58 187.92 48.45 -0.86 49.44
Interest -79.48 -64.44 146.09 87.94 28.21 -37.42
Dividends Error 5610 367.08 18.3 19.05 37.01
Treasury operations Error Error 219.44 280.87 -58.98 261.97
Other income 10.19 101.31 7.93 85.16 9.5 -15.98
Prior period income & extraordinary income -96.37 -27.27 -10 -27.78 346.15 30.17
Change in stock Error 51.63 Error Error 268.66 -94.68

Total expenses 14.17 17.05 30.43 14.15 18.02 6.08


Raw materials expenses 20.11 12.48 60.54 23.26 13.89 23.12
Packaging expenses Error Error Error Error Error Error
Purchase of finished goods 84.55 36.81 -31.24 -92.5 42.54 226.87
Power, fuel & water charges 30.51 10.63 25.08 10.11 37.77 -17.12
Compensation to employees 9.43 26.45 27.05 42.97 29.88 15.15
Indirect taxes -2.53 5.9 19.51 35.91 0.43 -10.41
Royalties, technical know-how fees, etc. Error Error Error Error Error 23.65
Lease rent & other rent -49.25 10.28 14.28 26.34 34.17 -1.49
Repairs & maintenance -19.9 32.19 28.29 5.62 40.36 18.87
Insurance premium paid 3.52 8.81 29.13 -16.92 -11.53 8.04

Outsources mfg. jobs (incl. job works, etc.) Error Error Error Error Error Error
Outsourced professional jobs 29.98 42.57 -13.14 5.44 67.69 -6.65
Directors' fees Error -21.43 63.64 -33.33 8.33 23.08
Selling & distribution expenses 8.35 46.57 19.25 13.57 8.8 18.83
Travel expenses 4.29 21.22 4.43 13.2 11.2 -5.04
Communication expenses Error Error Error Error Error Error
Printing & stationery expenses 53 5.01 11.86 14.06 10.4 5.31
Misc. expenses -36.87 -39.25 42.2 -3.83 87.68 17.48

Other operational expenses of indl. enterprisesError Error Error Error Error Error
Operational expenses of non financial service enterprises
Error Error Error Error Error Error
Share of loss in partnership firms/subsidiaries/JVs,etc.
Error Error Error Error Error Error
Lease equalisation adjustment Error Error Error Error Error Error
Loss on securitisation of assets/loans Error Error Error Error Error Error
Fee based financial service expenses Error Error Error Error -5.27 -27.82
Treasury operations expenses Error Error Error Error Error Error
Total provisions 4253.07 Error Error Error Error Error
Write-offs 866.67 -97.34 4288.24 25.6 -51.65 -64.46
Less: Expenses capitalised Error Error Error Error Error Error
Less: DRE & expenses charged to others Error Error Error Error Error -0.68
Prior period & extraordinary expenses 61600 Error Error 2260 Error Error

PBDITA -28.56 113.54 149.2 23.07 -0.7 16.02


Interest paid -7.07 -16.13 -2.44 -8.61 49.17 -5.23
Financial charges on instruments Error Error Error Error Error Error
Expenses incurred on raising deposits/debts Error Error Error Error Error Error
PBDTA -37.64 195.14 176.32 25.07 -3 17.53
Depreciation -4.87 6.19 1.63 4.6 38.9 21.3
Amortisation Error Error Error Error Error Error
PBT Error Error 308.63 28.93 -9.4 16.65
Provision for direct taxes Error Error 590.86 29.18 -22.36 28.74
PAT -92.66 7961.75 240.48 28.8 -3.04 11.9
Growth in Assets & Liabilities (%)

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Gross fixed assets 1.22 9.05 15.49 32.36 11.36 3.2
Less: Cumulative depreciation 13.4 17.82 9.63 9.03 11.86 13.42
Net fixed assets -5.63 3.12 20.01 48.83 11.1 -2.12

Investments -22.39 -6.71 180.44 -64.65 505.5 60.37


Market value of quoted investments Error Error Error Error Error Error
Deferred tax assets 15.18 -28.18 26.83 13.71 23.09 42.11
Current assets 18.96 17.59 24.48 35.93 4.81 8.08
Loans & advances -3.31 -98.59 -33.85 -39.41 358.25 11.44
Deferred revenue expenditure Error Error Error Error Error Error

Total assets -3.3 0 28.55 34.31 23.35 8.15

Net Worth 0.68 -2.7 69.88 52.91 33.56 27.94


Authorised capital 0 0 0 0 0 0
Issued equity capital 0 0 0.07 0 0 0
Paid up equity capital (net of forfeited capital) 0 0 0.07 0 0 0
Forfeited equity capital Error Error Error Error Error Error
Paid up preference capital (net of forfeited capital)
Error Error Error Error Error Error
Capital contibution, suspense and application money
Error Error Error Error Error Error
Reserves & surplus -0.82 -3.07 79.4 56.93 35.18 28.94

Total borrowings -6.37 -5.19 8.73 10.25 23.05 -25.08


Secured borrowings 0.67 -2.51 -5.78 -14.64 19.65 -27.35
Unsecured borrowings -28.83 -17.31 85.9 77.32 27.45 -22.31

Current liabilities & provisions 14.3 26.58 35.81 69.31 -1.99 3.67
Sundry creditors 21.94 42.49 45.85 67.33 -4.77 -7.83
Interest accrued -3.33 -7.24 -7.05 0.72 74.31 -46.95
Share application money Error Error Error Error Error Error
Other current liabilities 0.05 -55.23 70.07 21.69 -0.61 73.07
Provisions 19.83 64.14 -52.86 579.75 5.26 21.84

Total liabilities -3.3 0 28.55 34.31 23.35 8.15

Contingent liabilities 19.61 430.1 183.41 -66.79 -44.4 17.16


Sources of growth in sales

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Levels in each year
Sales 3057.92 3785.29 5484.04 6285.8 7160.42 7729.13
Gross fixed assets (excl. reval. & WIP) 4304.29 4605.89 4791.34 5005.8 7405.97 8068.67
Sales / GFA (times) 0.71 0.82 1.14 1.26 0.97 0.96

Change in each year


Change in sales 364.77 727.37 1698.75 801.76 874.62 568.71
Change in GFA 28.45 301.6 185.45 214.46 2400.17 662.7
Incremental efficiency (Change in sales / change in GFA)12.82
(times) 2.41 9.16 3.74 0.36 0.86

Cause of increase in Sales


Change in GFA 17.92 214.27 152.41 245.47 3013.9 640.73
Change in efficiency 344.56 479.5 1486.49 532.46 -1445.97 -66.1
Change in efficiency on change in GFA 2.08 32.91 62.48 21.45 -710.06 1.43

Causes of change in sales (% share)


Change in GFA 5.4 29.73 8.55 33.02 369.92 97.32
Change in efficiency 93.98 65.67 87.91 64.11 -182.45 2.46
Change in efficiency on change in GFA 0.63 4.6 3.54 2.87 -87.48 0.22
Sources of growth in PBDIT

Ultratech Cement Ltd. Mar 2005 Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Levels in each year
Total income 3078.44 3821.89 5545.14 6386.25 7265.1 7850.35
PBDIT 294.68 590.51 1472.26 1813.25 1798.5 2086.54
Profitability (times) 0.1 0.15 0.27 0.28 0.25 0.27

Change in each year


Change in PBDIT -77.56 295.83 881.75 340.99 -14.75 288.04
Change in total income 331.56 743.45 1723.25 841.11 878.85 585.25
Incremental profitability (Change in PBDIT / change in income)
-0.23 (times) 0.4 0.51 0.41 -0.02 0.49

Causes of change in PBDIT


Change in total income 44.93 71.17 266.25 223.32 249.53 144.88
Change in profitability -109.3 180.96 424.22 102.17 -232.31 132.49
Change in profitability on change in income -13.19 43.7 191.28 15.5 -31.97 10.67

Causes of change in PBDIT (% share)


Change in total income -57.93 24.06 30.2 65.49 -1691.74 50.3
Change in profitability 140.92 61.17 48.11 29.96 1575 46
Change in profitability on change in income 17.01 14.77 21.69 4.55 216.74 3.71
Income and expenditure indexed

Ultratech Cement Ltd.


Mar-05 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10
Rs. Crore
12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
Total Income
100 124.14 180.11 207.42 235.99 255.01
Sales 100 123.79 179.34 205.56 234.16 252.76
Industrial Sales 100 123.79 179.34 205.56 234.16 252.76
Income from non-financial services
Income from financial services 100 144.58 416.27 617.95 612.65 915.54
Interest 100 35.56 87.5 164.44 210.83 131.94
Dividends 100 5710 26670 31550 37560 51460
Treasury operations
Prior period income & extraordinary income 100 72.73 65.45 47.27 210.91 274.55
Change in stock 100 151.63 -130.5 99.36 366.31 19.47

Total Expenses 100 117.05 152.67 174.28 205.68 218.19


Raw materials expenses 100 112.48 180.58 222.59 253.5 312.11
Packaging expenses
Purchase of finished goods 100 136.81 94.07 7.05 10.06 32.87
Power, Fuel & water charges 100 110.63 138.38 152.36 209.91 173.97
Compensation to employees 100 126.45 160.66 229.7 298.34 343.53
Indirect taxes 100 105.9 126.56 172 172.74 154.76
Royalties, technical know-how fees, etc.
Lease rent & other rent 100 98.75 109.84 115.74 153.49 117.89
Repairs and maintenance 100 132.19 169.59 179.11 251.4 298.85
Insurance premium paid 100 108.81 140.5 116.73 103.27 111.57
Outsourced mfg jobs
Outsourced professional jobs 100 142.57 123.84 130.57 218.96 204.41
Directors fees 100 78.57 128.57 85.71 92.86 114.29
Selling and distribution expenses 100 146.57 174.78 198.5 215.98 256.65
Travel expenses 100 121.22 126.59 143.3 159.35 151.33
Communication expenses
Printing & Stationery expenses 100 105.01 117.46 133.96 147.9 155.75
Misc. expenses 100 60.75 86.39 83.08 155.92 183.17
Other operational expenses of indl. enterprises
Operational exp. of non fin service enterprises
Share of loss in partnership firms/subs/JV etc
Lease equalisation adjustment
Loss on securitisation of assets/loans
Fee based financial service expenses
Treasury operations expenses 100 0 0 0 12265.22 0
Total provisions 100 0 0 0 0 0
Write-offs 100 2.66 116.93 146.87 71 25.24
Less: Expenses capitalised
Less: DRE & expenses charged to others

Prior period & extraordinary expenses 100 0 0.27 6.37 0 0


Interest paid 100 83.87 81.82 74.78 111.55 105.71
Financial charges on instruments
Expenses incurred on raising deposits/debts
Depreciation 100 106.19 107.92 112.88 156.79 190.18
Amortisation
Provision for direct taxes
PAT 100 8061.75 27448.42 35354.74 34281.4 38359.3

PBDITA 100 213.54 532.15 654.93 650.35 754.57


PBDTA 100 295.14 815.54 1020.02 989.43 1162.9
PBT
Assets & Liabilities indexed

Ultratech Cement Ltd.


Mar-05 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10
Rs. Crore
12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
Gross fixed assets
100 109.05 125.94 166.7 185.64 191.59
Less : Cumulative depreciation 100 117.82 129.17 140.83 157.53 178.68
Net fixed assets 100 103.12 123.76 184.19 204.64 200.31

Investments 100 93.29 261.62 92.48 559.99 898.07


Market value of quoted investments
Deferred tax assets 100 71.82 91.09 103.58 127.49 181.19
Current assets 100 117.59 146.38 198.98 208.54 225.4
Loans & advances 100 1.41 0.93 0.56 2.58 2.88
Deferred revenue expenditure

Total assets 100 100 128.55 172.66 212.97 230.32

Net Worth 100 97.3 165.28 252.73 337.55 431.87


Authorised capital 100 100 100 100 100 100
Issued equity capital 100 100 100.07 100.07 100.07 100.07
Paid up equity capital (net of forfeited capital) 100 100 100.07 100.07 100.07 100.07
Forfeited equity capital
Paid up pref. capital (net of forfeited capital)
Capital contibution, suspense & appln money
Reserves & surplus 100 96.93 173.89 272.88 368.89 475.66

Total borrowings 100 94.81 103.09 113.66 139.85 104.78


Secured borrowings 100 97.49 91.85 78.4 93.81 68.15
Unsecured borrowings 100 82.69 153.72 272.57 347.38 269.87

Current liabilities & provisions 100 126.58 171.91 291.04 285.24 295.72
Sundry creditors 100 142.49 207.82 347.74 331.16 305.24
Interest accrued 100 92.76 86.22 86.84 151.37 80.3
Share application money
Other current liabilities 100 44.77 76.14 92.66 92.09 159.39
Provisions 100 164.14 77.38 525.97 553.62 674.53

Total liabilities 100 100 128.55 172.66 212.97 230.32

Contingent liabilities 100 530.1 1502.37 498.97 277.43 325.03


CARG: Income & Expenditure (%)

Ultratech Cement Ltd.


Rs. Crore (Non-Annualised) Over 15 yr Over 10 yr Over 7 yr Over 5 yr Over 3 yr Over 1 yr
-
Total income Error Error 20.59 12.29 8.06
Sales Error Error 20.38 12.12 7.94
Industrial sales Error Error 20.38 12.12 7.94
Income from non-financial services Error Error Error Error Error
Income from financial services Error Error 55.72 30.05 49.44
Interest Error Error 5.7 14.67 -37.42
Dividends Error Error 248.57 24.49 37.01
Treasury operations Error Error Error 78.16 261.97
Other income Error Error 29.92 19.43 -15.98
Prior period income & extraordinary income Error Error 22.38 61.27 30.17
Change in stock Error Error -27.91 Error -94.68

Total expenses Error Error 16.89 12.64 6.08


Raw materials expenses Error Error 25.56 20.01 23.12
Packaging expenses Error Error Error Error Error
Purchase of finished goods Error Error -19.95 -29.57 226.87
Power, fuel & water charges Error Error 11.71 7.93 -17.12
Compensation to employees Error Error 28 28.83 15.15
Indirect taxes Error Error 9.13 6.93 -10.41
Royalties, technical know-how fees, etc. Error Error Error Error 23.65
Lease rent & other rent Error Error 16.04 18.64 -1.49
Repairs & maintenance Error Error 24.48 20.79 18.87
Insurance premium paid Error Error 2.21 -7.4 8.04
Outsources mfg. jobs (incl. job works, etc.) Error Error Error Error Error
Outsourced professional jobs Error Error 15.37 18.18 -6.65
Directors' fees Error Error 2.71 -3.85 23.08
Selling & distribution expenses Error Error 20.74 13.66 18.83
Travel expenses Error Error 8.64 6.13 -5.04
Communication expenses Error Error Error Error Error
Printing & stationery expenses Error Error 9.27 9.86 5.31
Misc. expenses Error Error 12.87 28.47 17.48

Other operational expenses of indl. enterprises Error Error Error Error Error
Operational expenses of non financial service enterprises Error Error Error Error Error
Share of loss in partnership firms/subsidiaries/JVs,etc. Error Error Error Error Error
Lease equalisation adjustment Error Error Error Error Error
Loss on securitisation of assets/loans Error Error Error Error Error
Fee based financial service expenses Error Error Error Error -27.82
Treasury operations expenses Error Error Error Error Error
Total provisions Error Error Error Error Error
Write-offs Error Error -24.07 -40.02 -64.46
Less: Expenses capitalised Error Error Error Error Error
Less: DRE & expenses charged to others Error Error Error Error -0.68

Prior period & extraordinary expenses Error Error Error Error Error
Interest paid Error Error 1.12 8.91 -5.23
Financial charges on instruments Error Error Error Error Error
Expenses incurred on raising deposits/debts Error Error Error Error Error
Depreciation Error Error 13.72 20.79 21.3
Amortisation Error Error Error Error Error
Provision for direct taxes Error Error Error 8.89 28.74
PAT Error Error 228.68 11.8 11.9
PBDITA Error Error 49.81 12.35 16.02
PBDTA Error Error 63.35 12.56 17.53
PBT Error Error Error 10.86 16.65