A

PROJECT REPORT
ON
“A Study on Financial Performance of State Bank of India”

IN PARLIAMENT FULFILMENT OF MASTER OF COMMERCE

SUBMITTED TO
SAVITRIBAI PHULE PUNE UNIVERSITY, PUNE

Submitted By
(MISS. GHODEKAR SNEHA BALASAHEB)
M.COM. IIst

SPECIAL SUBJECT
ADVANCED ACCOUNTING & TAXATION
UNDER THE GUIDENCE OF
PROF. THORAT GANESH
(M.Com/MBA/B.ed/GDC&A-SET)

SAHAKAR MAHARSHI BHAUSAHEB SANTUJI THORAT

ARTS, SCIENCE, AND COMMERCE COLLEGE,
SANGMANER.
Academic Year
(2024-25)

1
 ACKNOLEDGMENT
I am student of Sahakar Maharshi Bhausaheb Santuji Thorat
College of Arts, Science And Commerce, Sangamner take great pleasure in
submitting the Project Report on
“A Study on Financial Performance of State Bank of India”
First, I am very much Thankful to Prof. G. A. Thorat for giving me
an opportunity to work on this project.

With immense pleasure I express to deep scene of gratitude and thank to my

Guide Teacher Prof. Thorat for their constant interest encouragement and valuable
guidance during the project work.

I am thankful to Dr. Patil D. D. Principle of SMBST College and

Prof Thorat G. of Commerce Department and also Commerce Department
for the timely help and guidance.

Researcher
GHODEKAR SNEHA BALASAHEB
(M.Com. II)

2
 DECLARATION

I hereby declare that my Project Report “A Study on Financial Performance of

State Bank of India” is a bonfire record of the project work which I have submitted to
Savitribai Phule Pune University in partial fulfillment of the credit requirements for the
degree of Master of Commerce is my authentic work. This project report has not been copied,
duplicated or plagiarized from any other paper, journal, document or book and has not been
submitted to any educational institute or otherwise for the award of any certificate, diploma,
degree or recognition.

This is an authentic piece of work and in case there is any query

regarding the same. I shall be held responsible for answering any queries
in this regard.

Date:
Place:

Signature
GHODEKAR SNEHA BALASAHEB
(M.Com. II)

3
 CERTIFICATE
This is to certify that, Mr/Miss. GHODEKAR SNEHA BALASAHEB Satisfactory
carried out and complete the Project Work entitled “A STUDY ON
FINANCIAL PERFORMANCE OF STATE BANK OF INDIA.”
His/Her work is being submitted for the requirement of M.Com II Semester
III Advance Accounting & Taxation Project work/Business Administration,
it is the fulfilment of the prescribed syllabus of S.P.P.U, Pune for the academic
year 2024-2025.

Mr. Thorat G.A. Prof.Dr.Bairagi V.B. Dr. Patil D.D

(P.G. Coordinator) (H.O.D.) (Principal)

Project Guide Internal Examiner External Examiner

4
 INDEX

Sr. no. Title Page no.

1 INTRODUCTION
RESEARCH METHODOLOGY

THEORETICAL
3
BACKGROUND
DATA ANALYSIS AND
4
INTERPRETATION
5 FINDINGS
6 SUGGESTION
7 CONCLUSION
ANNEXURE
8
NNAIRE

5
Introduction:
This project titled "A Study on Financial Performance of SBI Bank" aims to
analyse the financial performance of State Bank of India (SBI) using various financial ratios
and tools. The study utilizes both primary and secondary data sources to examine the
financial position, profitability, liquidity, solvency, and efficiency of SBI bank. The data for
the study has been collected from the annual reports of the bank, as well as from various
financial websites and publications. The study finds that SBI bank has maintained a stable
financial position and has consistently improved its profitability over the years. The liquidity
and solvency ratios of the bank also indicate a strong financial position. However, there is
scope for improvement in the efficiency ratios of the bank. The findings of the study can be
used by investors, analysts, and other stakeholders to make informed decisions regarding
their investment in SBI bank. Keywords: financial performance, State Bank of India,
financial ratios, profitability, liquidity, solvency, efficiency, annual reports, investors,
stakeholders.

Introduction of the study

The State Bank of India (SBI) is one of the largest and most prominent banks in
India, offering a wide range of financial products and services to individuals, businesses, and
institutions. Given its position as a key player in the Indian banking sector and the wider
economy, the financial performance of SBI has been a topic of great interest and scrutiny for
investors, policymakers, and researchers alike. This study aims to conduct a comprehensive
analysis of the financial performance of SBI over a specific period of time, using a range of
relevant financial metrics and ratios to gain insights into its profitability, liquidity, solvency,
and efficiency. The study will focus on key financial indicators such as net interest margin,
return on assets, non- performing assets ratio, capital adequacy ratio, and operational
efficiency, among others, to provide a holistic picture of SBI's financial performance. The
findings of this study could potentially inform future investment decisions, policy
interventions, and strategic initiatives for SBI and the Indian banking sector more broadly,
contributing to the development of a more robust and resilient financial system. By providing
a deeper understanding of SBI’s financial performance, this study could also help investors
make informed decisions about the bank's stocks and bonds, and support SBI's efforts to
enhance its financial performance and reputation in the market.

Statement of the problem

The financial performance of State Bank of India (SBI) is a critical aspect of its
operations, affecting its ability to generate profits, maintain financial stability, and manage
risks. The banking industry in India is highly competitive, and SBI faces challenges such as
increasing competition from private sector banks, economic instability, and regulatory
pressure. Therefore, there is a need to conduct a comprehensive study of SBI's financial

6
performance over the past five years (2018-2022) to assess the bank's strengths, weaknesses,
opportunities, and threats. The study will involve an analysis of SBI's financial statements
and key financial ratios, such as revenue, profitability, asset quality, capital adequacy, and
liquidity.

Objectives of the study

➢ To review the facilities and strategies available to State Bank of India.

➢ To study the financial development of State Bank of India.

➢ To analyse the overall liquidity and profitability of SBI.

Scope of the study

The scope of this study on the financial performance of SBI is limited to a specific
period of time, with a focus on analysing the bank's financial metrics and ratios from the
years 2018 to 2022. The study will utilize both quantitative and qualitative research methods,
including financial statement analysis, ratio analysis, and trend analysis, to evaluate SBI's
financial performance in terms of profitability, liquidity, solvency, and efficiency. In
addition, the study will also review relevant literature and reports on SBI and the Indian
banking sector to provide context and background information for the analysis. The findings
of the study will be limited to SBI and cannot be generalized to other banks or financial
institutions. The study will also be limited by the availability and reliability of data sources,
which will be carefully selected and verified to ensure the accuracy and validity of the
analysis. Overall, the scope of this study aims to provide a comprehensive and in-depth
analysis of SBI's financial performance, with a focus on identifying key drivers and trends, as
well as potential areas for improvement and future growth opportunities.

7
 Research Methodology
The methodology of the study includes:

➢ Information Source

➢ Research Design

➢ Tools used for analysis

➢ Duration of data assessment study

5.1 Information Source

This study is based on secondary data. The rating is based on the liquidity to profitability
ratio, which can be calculated using SBI's financial statements. All related to State Bank of
India Auditors Reports, Internet, Books and more.

5.2 Research Design

This study uses a descriptive research design. Research design involves collecting data from
secondary sources. Secondary data is obtained from annual reports of SBI, corporate websites
and databases such as Bloomberg, Reuters and Google Scholar.

5.3 Tools used for analysis

Analysis of relationships

➢ Liquidity

➢ Profit

➢ Ability to pay

➢ Financial relationship

➢ Turnover ratios

8
Review of Literature
 Impact of COVID-19 on the Financial Performance of SBI Bank by Rout and Gupta
(2021)This study analysed the impact of the COVID-19 pandemic on the financial
performance of SBI bank during the year 2020. The researchers used financial ratios
such as ROA, ROE, NIM, and Asset Quality to evaluate the bank's financial
performance. The study found that SBI bank had a decline in its financial
performance during the pandemic due to an increase in provisions for bad loans.
However, the bank's performance was better than its competitors during the
pandemic. The researchers concluded that SBI bank had managed to maintain a
satisfactory financial performance during the pandemic.

 Mishra et al. (2021) conducted a study on the financial performance of SBI. The study
found that SBI had a higher ROA and ROE compared to other banks in India. The
study also found that SBI had a higher NIM and lower NPA compared to other banks.

 Chakraborty and Debnath (2021) conducted a study on the impact of financial

inclusion on the financial performance of banks in India, including SBI. The study
found that financial inclusion had a positive impact on the financial performance of
banks, including SBI.

 Nayak and Singh (2020) conducted a study on the financial performance of Indian
banks during the COVID-19 pandemic, including SBI. The study found that the
pandemic had a negative impact on the financial performance of banks, including
SBI. However, SBI's financial performance was relatively better compared to other
banks due to its strong digital infrastructure.

 PATEL BHAVESHKUMAR K (2020), study the Financial performance of SBI bank,

this study is based on secondary data that has been collected from annual reports of
the SBI bank, books, newspapers, magazines, journals, documents, research papers,
websites and other published information. . It is major part of total banking system in
India. SBI is the India’s largest commercial bank in terms of assets, deposits and
employees. This study main objective is to find out the profitability, liquidity ratios
and solvency ratios to measure the financial health of SBI bank. The market
Position of SBI is better. Financial analysis is used to find the banks position in
maintaining the day to day operations. This study is focused to evaluating the
performance of SBI bank. The various ratios under the above category were collected
and it is found that there is a significant growth in the year 2020. SBI have more
profitability because it enters into the industry as well as commercial market also and
regularly it improving the service quality level. In this highly competitive global
environment it is imperative for the SBI bank to show outstanding performance in
various parameters.

 Financial Performance of SBI Bank after Merger with Associate Banks by Singh and
Sahu (2019) this study analysed the financial performance of SBI bank after its

9
 merger with five associate banks in 2017. The researchers used various financial
ratios such as ROA, ROE, NIM, and Asset Quality to evaluate the bank's financial
performance. The study found that SBI bank had a significant growth in terms of
assets, deposits, and loans after the merger. The researchers concluded that the merger
had a positive impact on the financial performance of SBI bank.

 Gupta and Bhatia (2019) analysed the financial performance of Indian public sector
banks, including SBI, using a composite scorecard approach. The study found that
SBI had a higher score compared to other public sector banks, indicating better
financial performance.

 Shabbir et al. (2018) conducted a study on the impact of corporate governance on the
financial performance of banks in India, including SBI. The study found that good
corporate governance practices had a positive impact on the financial performance of
banks, including SBI.

 Padhan and Naik (2018) conducted a study on the financial performance of public
sector banks in India, including SBI.

 The study found that SBI had a higher ROA and ROE compared to other public sector
banks. The study also found that SBI had a higher NIM and lower NPA compared to
other public sector banks.

10
 Analysis and Interpretation of Data
7.1 LIQUIDITY RATIO:
These ratios represent whether the company has enough liquidity to meet its short
term obligations or not. Higher the liquidity ratios will increase more cash-rich the company.
It can be converted into two ratios,
• Current Ratio
• Quick Ratio

7.1.1 CURRENT RATIO:

The current ratio is a financial ratio that measures the ability of a bank to meet its
short-term obligations with its current assets. Specifically, it is calculated by dividing the
bank's current assets by its current liabilities. For SBI Bank, the current ratio can be defined
as follows:
SBI Bank's current assets include cash and cash equivalents, investments, loans and
advances, and other current assets. Its current liabilities include borrowings, deposits, and
other short-term liabilities. A higher current ratio indicates that SBI Bank has sufficient
current assets to meet its short-term obligations. Conversely, a lower current ratio indicates
that the bank may face difficulties in meeting its short-term obligations.

TABLE 7.1.1
CURRENT RATIO

year Current assets Current liabilities Current ratio

2023 Rs.4711478 cr Rs.5309834 cr 0.89
2022 Rs.4144855 cr Rs.4630841 cr 0.90
2021 Rs.3987915 cr Rs.4229845 cr 0.94
2020 Rs.3475705 cr Rs.3732917 cr 0.93
2019 Rs.2954959 cr Rs.3237598 cr. 0.91

11
 Current ratio
0.95
0.94
0.94
0.93
0.93
0.92
0.91
0.91
0.9
0.9
0.89
0.89
0.88
0.87
0.86
2023 2022 2021 2020 2019

INTERPRETATION
In the above table, Current Ratio from financial year 2019-2021 is on an increased trend. But
in 2022-2023 the current ratio is reduced drastically. The Current Ratio is below 1, so the SBI
has inadequate current asset to reconcile its current liabilities.

PROFITABILITY RATIO
Profitability ratios are financial ratios that measure a company's ability to generate
profits in relation to its revenue, assets, and/or equity. These ratios provide insight into how
well a company is performing in terms of its profitability, and are commonly used by
investors, analysts, and managers to evaluate a company's financial performance.
• Gross profit ratio
• Net profit ratio
• Operating ratio
• Return on Investment (ROI)

7.1.2. GROSS PROFIT RATIO:

The Gross Profit Ratio is a financial ratio that measures the percentage of revenue
that remains after deducting the cost of goods sold (COGS). This ratio is a measure of a
company's profitability and indicates how well the company is able to generate profit from its
Sales.
The formula for calculating the Gross Profit Ratio is:

Gross Profit = Gross Profit /Net Sales * 100

12
The Gross Profit Ratio provides insight into how efficiently a company is able to manage its
cost of goods sold and generate profit from its sales. A higher Gross Profit Ratio indicates
that the company is able to generate more profit from its sales after deducting the cost of
goods sold. This ratio is particularly useful for companies that rely heavily on sales, such as
retailers and wholesalers.

TABLE 7.1.2
GROSS PROFIT RATIO

year Current assets Current liabilities Current ratio

2023 Rs.106282 cr Rs.415880 cr 25.58%
2022 Rs.99091cr Rs.391098cr 25.34%
2021 Rs.89739 cr Rs.328732 cr 27.32%
2020 Rs.89203 cr Rs.332195 cr 26.85%
2019 Rs.75895 cr Rs.290016 cr. 26.17%

Gross Profit Ratio

27.50%

27.00%

26.50%

26.00%

25.50%

25.00%

24.50%

24.00%
2023 2022 2021 2020 2019

INTERPRETATION
In the above table, Gross Profit Ratio for the financial year 2018-2020 is on increased trend.
But in 2021 the Gross Profit Ratio is decreased drastically. The subsequent year (2022) has
increased.so the Gross Profit Ratio for SBI shows the positive trend, when the cost of
production is constant on sales.

TURNOVER RATIO
Turnover ratio is a financial metric that measures the efficiency of a company in
managing its assets. It is calculated by dividing the value of a specific category of assets by

13
the average value of that category of assets during a specific period. The resulting ratio shows
how frequently the assets are being turned over or sold and replaced during that period.
• Inventory turnover ratio
• Debtors turnover ratio
• Fixed Asset turnover ratio

7.1.3. INVENTORY TURNOVER RATIO:

Inventory turnover ratio is a financial metric that measures the efficiency of a
company's management of its inventory. It is a ratio that shows how many times a company
has sold and replaced its inventory during a specific period. The higher the inventory
turnover ratio, the more efficient a company is at managing its inventory.
The formula for inventory turnover ratio is:

Inventory Turnover Ratio = COGS / Average Inventory

TABLE 7.1.3
INVENTORY TURNOVER RATIO

Average Inventory
year COGS Inventory
Turnover Ratio
2023 Rs.266096 cr Rs.10598 cr 25.10 times
2022 Rs.233938cr Rs.11020.5cr 21.19 times
2021 Rs.201932 cr Rs.12026 cr 16.77 times
2020 Rs.243528 cr Rs.13063.8 cr 18.64 times
2019 Rs239688 cr Rs.12047cr. 19.88 times

14
 Inventory Turnover Ratio

25.1
21.19
19.88
18.64
16.77

2023 2022 2021 2020 2019

In the above table, Inventory Turnover Ratio for the financial years 2019-2021 was having a
fluctuated trend over the period. However in 2022-2023, there was a raise in the ratio
compared to previous year. Inventory Turnover Ratio measures a SBI ability in managing its
inventories.

15
 Findings and Suggestions
➢ SBI's Current Ratio and Quick Ratio are below 1, indicating inadequate current assets and
a risk of not being able to pay short-term liabilities.

➢ Gross Profit Ratio and Net Profit Ratio show a positive trend except for a drastic decrease
in Gross Profit Ratio in 2021.

➢ Operating Profit Ratio shows an increasing trend, except for a decrease in 2021.

➢ Return on Investment Ratio shows a drastic increase in 2021, but decreased in 2022 due to
poor performance and equity management.

➢ Proprietary Ratio indicates SBI's dependence on debt financing and potential loss of
interest from creditors.

➢ Total Debt Equity Ratio and Financial Leverage Ratio decreased from 2019-2022.

➢ Inventory Turnover Ratio increased in 2021-2022, indicating better inventory

management.

➢ Debtor's Turnover Ratio drastically increased in 2021-2022, indicating better collection

practices and quality customers.

➢ Fixed Asset Turnover Ratio increased in 2018-2019 and 2021, but decreased in 2020 and
2022.

16
 Suggestions
➢ Increase current assets to improve the Current Ratio and Quick Ratio to avoid the risk of
not being able to pay short-term liabilities.

➢ Improve cost management to increase the Gross Profit Ratio and maintain a positive trend
in the Net Profit Ratio.

➢ Focus on improving performance and equity management to sustain an increasing trend in

the Operating Profit Ratio and Return on Investment
Ratio.

➢ Reduce reliance on debt financing to avoid potential loss of interest from creditors, as
indicated by the Proprietary Ratio.

➢ Maintain a healthy balance between debt and equity financing, as shown by the decreasing
Total Debt Equity Ratio and Financial Leverage Ratio.

➢ Continue to improve inventory management to sustain the increasing trend in Inventory

Turnover Ratio.

➢ Maintain efficient collection practices and attract quality customers to sustain the
increasing trend in Debtor's Turnover Ratio.

➢ Review investments in fixed assets to ensure that they are generating sales effectively, as
shown by the fluctuating trend in Fixed Asset Turnover Ratio.

17
 Conclusion
In conclusion, the financial performance of the State Bank of India (SBI) has been a topic of
interest among researchers, policymakers, and industry experts. The review of literature
conducted between 2018 and 2022 has highlighted the various factors that have contributed
to SBI's improved financial performance, such as the adoption of digital banking, merger, and
effective management strategies. However, the COVID-19 pandemic has also had a negative
impact on SBI's financial performance, which the bank has managed well through various
measures. Overall, future research could focus on analysing the impact of emerging
technologies such as block chain and artificial intelligence on the financial performance of
SBI. The findings from this review of literature provide valuable insights for policymakers
and industry experts to improve the financial performance of SBI and other commercial
banks in India.

18
References
➢ Raut, S. and Gupta, R. (2021). Impact of COVID-19 on the Financial Performance of SBI
Bank. International Journal of Management Studies,
Vol. 8, Issue 1, pp. 67-77.

➢ Mishra, S.K., Rath, B.N., & Tripathy, N. (2021). Financial Performance Analysis of State
Bank of India: A Comparative Study. Asian Journal
of Management, Vol. 12, Issue 2, pp. 123-135.

➢ Chakraborty, S. and Debnath, R.M. (2021). Impact of Financial Inclusion on the Financial
Performance of Banks in India: A Study with
Special Reference to SBI. Journal of Economic Policy and Research, Vol. 17, Issue 1, pp. 89-
101.

➢ Nayak, P. and Singh, A. (2020). Financial Performance of Indian Banks during the
COVID-19 Pandemic: A Study of SBI and Other Banks.
Journal of Finance and Economics, Vol. 8, Issue 3, pp. 87-97.

➢ Patel, B.K. (2020). Financial Performance Analysis of SBI Bank. International Journal of
Commerce, Business and Management, Vol. 8, Issue
1, pp. 45-57.

➢ Singh, P. and Sahu, D. (2019). Financial Performance of SBI Bank after Merger with
Associate Banks. International Journal of Research in
Finance and Marketing, Vol. 9, Issue 3, pp. 87-96.

➢ Gupta, S. and Bhatia, A. (2019). Composite Scorecard Approach to Analyse Financial

Performance of Indian Public Sector Banks: A Case
Study of SBI. Indian Journal of Finance, Vol. 13, Issue 2, pp. 36-50.

➢ Shabbir, J., Singh, M., and Bhatia, T. (2018). Impact of Corporate Governance on
Financial Performance: A Study of Banks in India.
International Journal of Management Studies, Vol. 5, Issue 1, pp. 76-88.

➢ Padhan, P. C., & Naik, G. C. (2018). Financial Performance of Public Sector Banks in
India: A Study of State Bank of India. International
Journal of Research in Finance and Marketing (IJRFM), 8(2), 1-13.

19
 Annexure
CONSOLIDATED BALANCE SHEET OF STATE BANK OF INDIA

BALANCE
SHEET OF
STATE BANK MAR 23 MAR 22 MAR 21 MAR 20 MAR 19
OF (month12) (month 12) (month 12) (month 12) (month 12)
INDIA (in Rs.
Cr.)
EQUITIES AND
LIABILITIES

SHAREHOLDER'S
FUNDS

Equity Share Capital 892.46 892.46 892.46 892.46 892.46

TOTAL SHARE
CAPITAL 892.46 892.46 892.46 892.46 892.46

23,762.6
24,
Revaluation Reserve 23,377.87 23,577.35 7 24,847.99
653.94

Reserves and Surplus 892.46 892.46 892.46 892.46 892.46

OTAL RESERVES 229,429.4

274,669.1 250,167. 233,603.
AND SURPLUS 304,695.58 9
0 66 20
TOTAL
SHAREHOLDERS 251,091.7 226,405. 208,949. 204,581.5
281,317.72
FUNDS 5 00 26 0

Minority Interest
11,207.42 9,625.92 7,943.82 6,036.99 4,615.25

Deposits 3,715,331. 3,274,16 2,940,54 2,722,178

4,087,410.60
24 0.63 1.06 .28
369,079.3
433,796.2 332,900. 413,747.
Borrowings 449,159.78 4
1 67 66

Other Liabilities and 411,303.6 331,427. 293,645. 290,238.1

507,517.68
Provisions 2 10 69 9

20
 TOTAL CAPITAL
4,197,49
AND 4,845,618. 3,888,46 3,616,433
5,360,883.53 2.34
LIABILITIES 55 7.06 .00

ASSETS

Cash and Balances with

Reserve Bank of India
213,498.6 166,968. 177,362. 150,769.4
258,086.43
2 46 74 6

Balances with Banks

Money at Call and Short 134,208.4 87,346.8 48,149.5
140,818.69 44,519.65
Notice 2 0 2

1,960,118
2,500,598. 2,374,31 2,226,85
Advances 2,794,076.00 .54
99 1.18 3.67

Fixed Assets 40,078.1 40,703.0

39,510.03 40,166.79 41,225.79
7 5
362,045.4 300, 276,150. 236,005.3
Other Assets 351,902.48
7 503.45 31 3
Investments 1,595,100. 1,228,28 1,119,24 1,183,794
1,776,489.90
27 4.28 7.77 .24
4,845,618. 3,616,433
TOTAL ASSETS 5,360,883.53 4,197,49 3,888,46
55 .00
2.34 7.06
CONTINGENT
LIABILITIES,
COMMITMENTS
195,961.1
1,714,239. 55,790.7 70,047.2
Bills for Collection 77,783.06 7
52 0 3

1,714,239. 1,221,08 1,121,24

Contingent Liabilities 2,007,232.49 1,044,433
52 3.11 6.28
.85

Consolidated Profit & Loss account

MAR 22 MAR 21 MAR 20 MAR 19
MAR 23
(month (month (month (month
(month 12)
12) 12) 12) 12)
Interest / Discount on 144,958.5
176,780.1 185,494. 166,124.
Advances / Bills 177,474.83 9
9 19 58

21
 74,812.8 80,243.5 75,036.62
Income from Investments 93,477.90 87,130.62
7 1
Interest on Balance with
RBI and Other Inter-
2,410.75
Bank 4,608.35 4,541.43 3,066.25 1,324.76
funds

Others 14,411.61 9,663.24 6,478.34 5,629.30 6,564.32

289,972.69 278,115.4 269,851. 253,322. 228,970.2

Total Interest Earned
8 66 14 8
Other Income 107,222.4 98,158.9 77,365.2
117,000.40 77,557.24
1 9 2
406,973.09 385,337.8 368,010. 330,687. 306,527.5
Total Income
9 65 36 2

EXPENDITURE

Interest Expended 156,010.1 161,123. 155,867. 146,602.9

156,194.34
7 80 46 8
Payments to and 43,795.0
48,850.9
Provisions for 61,445.13 54,330.83 1 35,410.62
5
Employees
Depreciation
3,652.68 3,673.43 3,661.56 3,479.97 3,094.39

Depreciation on Leased 0.00

38.59 37.64 15.92 10.68
Assets
Operating Expenses
(excludes Employee Cost
79,269.0 67,509.4 57,638.68
& 109,227.03 92,387.71
6 0
Depreciation)

Total Operating 150,429.6 131,781. 114,800.

174,363.43 96,154.37
Expenses 0 56 31
Provision Towards
0.00
Income Tax 0.00 4,372.77 1,982.02 1,747.29

Provision Towards 0.00

0.00 7,502.08 878.16 -9,804.79
Deferred Tax
Provision Towards Other 0.00
0.00 0.00 0.00 -708.77
Taxes
Other Provisions and 45,053.6 54,799.1 76,015.08
40,059.15 54,618.41
Contingencies 1 1

22
 Total Provisions and 40,059.15 56,928.4 56,950.5
54,618.41 67,957.58
Contingencies 6 2
370,616.92 361,058.1 349,833. 327,618. 310,714.9
Total Expenditure
7 82 29 3
Net Profit / Loss for 18,176.8
36,356.17 24,279.72 3,069.07 -4,187.41
The Year 3
Net Profit / Loss After
18,176.8
EI & Prior Year Items 36,356.17 24,279.72 3,069.07 -4,187.41
3

-1,372.17
Minority Interest -1,809.30 -1,482.36 -1,050.91 -807.04

Share Of Profit/Loss Of 438.16

827.01 -391.90 2,963.14 281.48
Associates
Consolidated
19,767.8 2,299.64
Profit/Loss After MI 35,373.88 22,405.46 -4,556.29
0
And Associates
Profit / Loss Brought -4,340.04
8,096.54 -1,361.74 -8,328.40 -9,941.20
Forward
Total Profit / Loss
11,439.4 -8,896.33
available for 43,470.42 21,043.72 -7,641.56
0
Appropriations

APPROPRIATIONS

Transfer To / From
Statutory Reserve 9,769.03 6,287.84 4,538.18 386.06 59.95
0
Transfer To / From 0.00
538.15 1,465.12 0.00 0.00
Capital Reserve
Transfer To / From 0.00
4,647.87 0.00 0.00 0.00
Investment Reserve
Transfer To / From
921.21
Revenue And Other 1,783.68 1,620.72 8,254.91 243.80
Reserves
0.00
Equity Share Dividend 6,336.47 3,569.84 0.00 0.00

3.65
Tax On Dividend 0.87 8.06 56.98 63.71

Balance Carried Over To

Balance Sheet 20,394.35 8,096.54 -1,361.74 -8,328.40 -9,941.20

11,439.4 -8,896.33
Total Appropriations 43,470.42 21,043.72 -7,641.56
0

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OTHER ADDITIONAL INFORMATION
EARNINGS PER SHARE

Basic EPS (Rs.)

40.00 25.00 22.00 3.00 -5.00

Diluted EPS (Rs.) 40.00 25.00 22.00 3.00 -5.0

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