Comparative Balance Sheet

(All amounts in Indian Rupees Million)

Note 31 March 31 March %
Particulars s 2024 2023 Change Change
I. ASSETS
1. Non-current
assets
Property, plant, and
equipment 3 3,161.46 3,374.69 (213.23) (6.32%)
Capital work-in-
progress 4 2,386.84 1,504.51 882.33 58.64%
Intangible assets 5 41.40 25.87 15.53 60.04%
Right of use assets 39(a) 1,675.10 1,451.17 223.93 15.43%
Other financial assets 6 202.75 204.11 (1.36) (0.67%)
Deferred tax assets
(net) 7 92.71 51.19 41.52 81.09%
Non-current tax assets
(net) 8 322.86 296.92 25.94 8.73%
Other assets 9 187.56 403.71 (216.15) (53.54%)
Total Non-current
assets 8,070.68 7,312.17 758.51 10.37%
2. Current assets
(4,249.6
Inventories 10 11,703.02 15,952.64 2) (26.64%)
Trade receivables 11 1,586.38 1,460.67 125.71 8.61%
Cash and cash 4927.27
equivalents 12 331.86 6.60 325.26 %
Bank balances other 3,766.49
than cash equivalents 13 2,878.63 74.44 2,804.19 %
Other financial assets 6 35.75 15.14 20.61 136.16%
Other assets 14 2,219.49 2,106.44 113.05 5.37%
Total Current assets 18,755.13 19,615.93 (860.80) (4.39%)
Total Assets (1+2) 26,825.81 26,928.10 (102.29) (0.38%)
II. EQUITY AND
LIABILITIES
1. Equity
Equity share capital 15 111.54 111.54 - 0.00%
Other equity 16(a) 15,857.74 13,598.94 2,258.80 16.61%
Total Equity 15,969.28 13,710.48 2,258.80 16.48%
2. Non-current
liabilities
Lease liabilities 39(c) 1,420.50 1,218.00 202.50 16.63%
Government grants 17 54.14 63.63 (9.49) (14.91%)
Total Non-current
liabilities 1,474.64 1,281.63 193.01 15.06%
3. Current liabilities
(2,481.9 (100.00%
Borrowings 18 - 2,481.98 8) )
Lease liabilities 39(c) 428.00 363.98 64.02 17.59%
 Note 31 March 31 March %
Particulars s 2024 2023 Change Change
Trade payables - Micro
& small enterprises 19 204.73 194.87 9.86 5.06%
Trade payables - Other
creditors 19 1,995.02 2,681.43 (686.41) (25.60%)
Other financial
liabilities 20 5,079.71 4,987.95 91.76 1.84%
Government grants 17 9.50 9.50 - 0.00%
Other liabilities 21 1,224.77 872.10 352.67 40.43%
Liabilities for current
tax (net) 22 129.83 22.04 107.79 489.04%
Net employee defined
benefit liabilities 23 28.38 61.31 (32.93) (53.71%)
Provisions 24 281.95 260.83 21.12 8.10%
Total Current (2,554.1
liabilities 9,381.89 11,935.99 0) (21.41%)
Total Liabilities (2,361.0
(2+3) 10,856.53 13,217.62 9) (17.86%)
Total Equity and
Liabilities 26,825.81 26,928.10 (102.29) (0.38%)

Comparative Statement of Profit and Loss

(All amounts in Indian Rupees Million)
31 31
March March %
Particulars Notes 2024 2023 Change Change
I. Income
45,816.7 47,141.9 (1,325.2
Revenue from operations 25 1 3 2) (2.81%)
Other income 26 110.64 102.78 7.86 7.65%
Finance income 27 88.95 44.52 44.43 99.84%
46,016.3 47,289.2 (1,272.9
Total Income 0 3 3) (2.69%)
II. Expenses
Cost of raw materials 11,333.6 13,939.6 (2,605.9
consumed 28 2 0 8) (18.69%)
Purchases of traded 14,370.1 (8,255.0
goods 29 6,115.04 0 6) (57.45%)
Decrease/(increase) in
inventories of finished
goods, work-in-progress (7,457.27 10,854.4 (145.54
and traded goods 30 3,397.22 ) 9 %)
Employee benefits
expense 31 8,036.12 8,848.06 (811.94) (9.17%)
 31 31
March March %
Particulars Notes 2024 2023 Change Change
Depreciation and
amortisation expenses 32 908.28 780.88 127.40 16.31%
Finance costs 33 448.93 412.82 36.11 8.75%
Other expenses 34 8,212.09 8,814.01 (601.92) (6.83%)
38,451.3 39,708.2 (1,256.9
Total Expenses 0 0 0) (3.16%)
III. Profit before tax (I-
II) 7,565.00 7,581.03 (16.03) (0.21%)
IV. Tax expenses
(a) Current tax 35 1,908.00 1,877.00 31.00 1.65%
(b) Adjustment of tax
relating to earlier years 35 14.85 10.32 4.53 43.90%
(c) Deferred tax (credit) /
expense 35 (49.78) (18.78) (31.00) 165.01%
Total tax expenses 1,873.07 1,868.54 4.53 0.24%
V. Profit for the year
(III-IV) 5,691.93 5,712.49 (20.56) (0.36%)
VI. Other
comprehensive income
(A) Re-measurement
gains/(losses) on defined 38(b)
benefit plans (ii) 32.83 15.68 17.15 109.37%
Income tax effect on
above 35 (8.26) (3.95) (4.31) 109.11%
Total other
comprehensive income
for the year (net) 24.57 11.73 12.84 109.47%
VII. Total
comprehensive income
for the year (V+VI) 5,716.50 5,724.22 (7.72) (0.13%)
VIII. Earnings per
equity share
(EPS) (nominal value of
₹ 10 each)
Basic (₹) 36 510.31 512.15 (1.84) (0.36%)
Diluted (₹) 36 510.31 512.15 (1.84) (0.36%)

Common Size Statement of Profit and Loss

(All values as a percentage of Revenue from Operations)
31 % of 31 % of
March Revenue March Revenue
Particulars Notes 2024 (2024) 2023 (2023)
I. Income
Revenue from 45,816.7 47,141.9
operations 25 1 100.00% 3 100.00%
Other income 26 110.64 0.24% 102.78 0.22%
 31 % of 31 % of
March Revenue March Revenue
Particulars Notes 2024 (2024) 2023 (2023)
Finance income 27 88.95 0.19% 44.52 0.09%
46,016.3 47,289.2
Total Income 0 100.43% 3 100.31%
II. Expenses
Cost of raw materials 11,333.6 13,939.6
consumed 28 2 24.73% 0 29.56%
Purchases of traded 14,370.1
goods 29 6,115.04 13.34% 0 30.48%
Decrease/(increase) in
inventories of finished
goods, work-in-
progress, and traded (7,457.2
goods 30 3,397.22 7.41% 7) (15.81%)
Employee benefits
expense 31 8,036.12 17.54% 8,848.06 18.77%
Depreciation and
amortisation expenses 32 908.28 1.98% 780.88 1.66%
Finance costs 33 448.93 0.98% 412.82 0.88%
Other expenses 34 8,212.09 17.93% 8,814.01 18.69%
38,451.3 39,708.2
Total Expenses 0 83.71% 0 84.23%
III. Profit before tax
(I-II) 7,565.00 16.51% 7,581.03 16.08%
IV. Tax expenses
(a) Current tax 35 1,908.00 4.16% 1,877.00 3.98%
(b) Adjustment of tax
relating to earlier years 35 14.85 0.03% 10.32 0.02%
(c) Deferred tax
(credit) / expense 35 (49.78) (0.11%) (18.78) (0.04%)
Total tax expenses 1,873.07 4.09% 1,868.54 3.96%
V. Profit for the year
(III-IV) 5,691.93 12.42% 5,712.49 12.12%
VI. Other
comprehensive
income
(A) Re-measurement
gains/(losses) on 38(b)
defined benefit plans (ii) 32.83 0.07% 15.68 0.03%
Income tax effect on
above 35 (8.26) (0.02%) (3.95) (0.01%)
Total other
comprehensive
income for the year
(net) 24.57 0.05% 11.73 0.02%
VII. Total
comprehensive
income for the year
(V+VI) 5,716.50 12.48% 5,724.22 12.14%
Common Size Balance Sheet
(All values as a percentage of Total Assets)
% of % of
31 Total 31 Total
Note March Assets March Assets
Particulars s 2024 (2024) 2023 (2023)
I. ASSETS
1. Non-current
assets
(a) Property, plant,
and equipment 3 3,161.46 11.79% 3,374.69 12.53%
(b) Capital work-in-
progress 4 2,386.84 8.90% 1,504.51 5.59%
(c) Intangible assets 5 41.40 0.15% 25.87 0.10%
(d) Right of use assets 39(a) 1,675.10 6.25% 1,451.17 5.39%
(e) Financial assets
- Other financial
assets 6 202.75 0.76% 204.11 0.76%
(f) Deferred tax assets
(net) 7 92.71 0.35% 51.19 0.19%
(g) Non-current tax
assets (net) 8 322.86 1.20% 296.92 1.10%
(h) Other assets 9 187.56 0.70% 403.71 1.50%
Total Non-current
assets 8,070.68 30.10% 7,312.17 27.16%
2. Current assets
11,703.0 15,952.6
(a) Inventories 10 2 43.64% 4 59.25%
(b) Financial assets
- Trade receivables 11 1,586.38 5.91% 1,460.67 5.42%
- Cash and cash
equivalents 12 331.86 1.24% 6.60 0.02%
- Bank balances other
than cash and cash
equivalents 13 2,878.63 10.74% 74.44 0.28%
- Other financial
assets 6 35.75 0.13% 15.14 0.06%
(c) Other assets 14 2,219.49 8.28% 2,106.44 7.82%
Total Current 18,755.1 19,615.9
assets 3 69.90% 3 72.84%
26,825.8 26,928.1
Total Assets (1+2) 1 100.00% 0 100.00%
II. EQUITY AND
LIABILITIES
1. Equity
(a) Equity share
capital 15 111.54 0.42% 111.54 0.41%
(b) Other equity 16(a) 15,857.7 59.13% 13,598.9 50.51%
 % of % of
31 Total 31 Total
Note March Assets March Assets
Particulars s 2024 (2024) 2023 (2023)
4 4
15,969.2 13,710.4
Total Equity 8 59.55% 8 50.92%
2. Non-current
liabilities
(a) Financial liabilities
- Lease liabilities 39(c) 1,420.50 5.30% 1,218.00 4.52%
(b) Government
grants 17 54.14 0.20% 63.63 0.24%
Total Non-current
liabilities 1,474.64 5.50% 1,281.63 4.76%
3. Current liabilities
(a) Financial liabilities
- Borrowings 18 - 0.00% 2,481.98 9.22%
- Lease liabilities 39(c) 428.00 1.60% 363.98 1.35%
- Trade payables 19
Total outstanding
dues of micro and
small enterprises 204.73 0.76% 194.87 0.72%
Total outstanding
dues of creditors
other than micro and
small enterprises 1,995.02 7.44% 2,681.43 9.96%
- Other financial
liabilities 20 5,079.71 18.94% 4,987.95 18.53%
(b) Government
grants 17 9.50 0.04% 9.50 0.04%
(c) Other liabilities 21 1,224.77 4.57% 872.10 3.24%
(d) Liabilities for
current tax (net) 22 129.83 0.48% 22.04 0.08%
(e) Net employee
defined benefit
liabilities 23 28.38 0.11% 61.31 0.23%
(f) Provisions 24 281.95 1.05% 260.83 0.97%
Total Current 11,935.9
liabilities 9,381.89 34.95% 9 44.32%
Total Liabilities 10,856.5 13,217.6
(2+3) 3 40.45% 2 49.08%
Total Equity and 26,825.8 26,928.1
Liabilities (1+2+3) 1 100.00% 0 100.00%