| (Rs.in Million) |
| Particulars | Mar 2004 | Mar 2003 | Mar 2002 |
| INCOME : | | | |
| Gross Sales | 4747.80 | 4415.40 | 4441.90 |
| Sales | 4747.80 | 4415.40 | 4441.90 |
| Job Work/ Contract Receipts | | | |
| Processing Charges / Service Income | | | |
| Revenue from property development | | | |
| Other Operational Income | 0.00 | 0.00 | 0.00 |
| Less: Excise Duty | 257.90 | 252.70 | 251.70 |
| Net Sales | 4489.90 | 4162.70 | 4190.20 |
| EXPENDITURE : | | | |
| Increase/Decrease in Stock | -70.40 | -34.40 | 63.10 |
| Raw Material Consumed | 2502.40 | 2083.20 | 2254.90 |
| Opening Raw Materials | 178.20 | 245.40 | 206.50 |
| Purchases Raw Materials | 2452.50 | 1793.40 | 2076.60 |
| Closing Raw Materials | 196.90 | 178.20 | 245.40 |
| Other Direct Purchases / Brought in cost | 68.60 | 222.50 | 217.20 |
| Other raw material cost | 0.00 | 0.00 | 0.00 |
| Power & Fuel Cost | 471.20 | 422.40 | 434.00 |
| Electricity & Power | 465.30 | 416.40 | 425.30 |
| Oil, Fuel & Natural gas | 5.90 | 6.00 | 8.70 |
| Coals etc | 0.00 | 0.00 | 0.00 |
| Other power & fuel | 0.00 | 0.00 | 0.00 |
| Employee Cost | 376.00 | 351.10 | 323.30 |
| Salaries, Wages & Bonus | 315.00 | 299.40 | 272.70 |
| Contributions to EPF & Pension Funds | 35.20 | 33.70 | 31.30 |
| Workmen and Staff Welfare Expenses | 20.40 | 14.40 | 14.40 |
| Other Employees Cost | 5.40 | 3.70 | 4.90 |
| Other Manufacturing Expenses | 392.00 | 348.30 | 359.70 |
| Sub-contracted / Out sourced services | | | |
| Processing Charges | | 111.20 | 150.80 |
| Repairs and Maintenance | 21.20 | 12.60 | 10.60 |
| Packing Material Consumed | 104.50 | 93.00 | 76.20 |
| Other Mfg Exp | 266.30 | 131.40 | 122.10 |
| General and Administration Expenses | 98.80 | 93.60 | 85.10 |
| Rent , Rates & Taxes | 14.50 | 14.90 | 13.10 |
| Insurance | 15.50 | 14.70 | 15.60 |
| Printing and stationery | 4.80 | 4.50 | 3.80 |
| Professional and legal fees | 5.80 | 5.70 | 3.90 |
| Traveling and conveyance | 29.80 | 24.90 | 25.80 |
| Other Administration | 58.30 | 53.70 | 48.70 |
| Selling and Distribution Expenses | 272.00 | 264.70 | 230.50 |
| Advertisement & Sales Promotion | 4.20 | 5.40 | 1.60 |
| Sales Commissions & Incentives | 67.40 | 80.70 | 88.50 |
| Freight and Forwarding | 146.60 | 137.30 | 105.20 |
| Handling and Clearing Charges | 0.00 | 0.00 | 0.00 |
| Other Selling Expenses | 53.80 | 41.20 | 35.20 |
| Miscellaneous Expenses | 165.70 | 15.10 | 13.40 |
| Bad debts /advances written off | | | |
| Provision for doubtful debts | 0.40 | 1.40 | 1.00 |
| Losson disposal of fixed assets(net) | 0.00 | 0.00 | 0.10 |
| Losson foreign exchange fluctuations | | | |
| Losson sale of non-trade current investments | 149.10 | | |
| Other Miscellaneous Expenses | 16.20 | 13.60 | 12.30 |
| Less: Expenses Capitalised | | | |
| Total Expenditure | 4207.70 | 3543.90 | 3764.10 |
| Operating Profit (Excl OI) | 282.20 | 618.80 | 426.10 |
| Other Income | 84.70 | 117.40 | 107.10 |
| Interest Received | 16.50 | 10.50 | 2.10 |
| Dividend Received | 0.70 | 0.50 | 0.50 |
| Profit on sale of Fixed Assets | 0.30 | | 1.50 |
| Profits on sale of Investments | | | |
| Provision Written Back | | | |
| Foreign Exchange Gains | | | |
| Others | 67.30 | 106.40 | 102.90 |
| Operating Profit | 366.90 | 736.20 | 533.20 |
| Interest | 360.50 | 374.40 | 428.70 |
| InterestonDebenture / Bonds | | | 0.30 |
| Interest on Term Loan | 209.10 | 205.30 | 220.00 |
| Intereston Fixed deposits | | | |
| Bank Charges etc | 44.30 | 39.60 | 41.60 |
| Other Interest | 107.10 | 129.50 | 166.90 |
| PBDT | 6.40 | 361.70 | 104.50 |
| Depreciation | 214.00 | 202.70 | 217.40 |
| Profit Before Taxation & Exceptional Items | -207.60 | 159.10 | -112.90 |
| Exceptional Income / Expenses | | | |
| Profit Before Tax | -207.60 | 159.10 | -112.90 |
| Provision for Tax | -134.30 | -10.70 | 8.10 |
| Current Income Tax | 7.80 | 1.50 | |
| Deferred Tax | -142.50 | -11.20 | 8.10 |
| Other taxes | 0.40 | -1.00 | 8.10 |
| Profit After Tax | -73.30 | 169.80 | -120.90 |
| Extra items | 0.00 | 0.00 | 0.00 |
| Minority Interest | -48.70 | -82.20 | -15.90 |
| Share of Associate | | | |
| Other Consolidated Items | | | |
| Consolidated Net Profit | -122.00 | 87.50 | -136.90 |
| Adjustments to PAT | 0.10 | | -11.90 |
| Profit Balance B/F | -194.70 | -282.30 | -145.40 |
| Appropriations | -316.60 | -194.70 | -294.20 |
| General Reserves | | | -11.90 |
| Proposed Equity Dividend | | | |
| Corporate dividend tax | | | |
| Other Appropriation | | | |
| Equity Dividend % | | | |
| Earnings Per Share | -22.00 | 16.00 | -25.00 |
| Adjusted EPS | -22.00 | 16.00 | -25.00 |