2020 2019 2018

 Net Income Before Taxes -105,799.80 -313,711.50 111,550.30

 Interest Income (Expense), Net Non-Operating -74,301.10 -25,239.70 -4,616.60
EBIT -31,498.70 -288,471.80 116,166.90

 Provision for Income Taxes 3,952.50 -24,374.50 43,419.30

Tax Rate -0.04 0.08 0.39

Accounts Receivables - Trade, Net 111,726.90 189,961.70 198,933.00

Total Inventory 382,386.80 401,916.00 443,981.30

Accounts Payable 663,982.10 716,906.70 769,398.30

Capital Expenditures -297,020.30 -353,035.20 -350,789.20

Property/Plant/Equipment, Total - Net 927,577.30 811,580.30 900,107.80

change in PPE 115,997.00 -88,527.50 202,293.90
Depreciation/Depletion 214,254.30 235,906.30 215,535.90

NOWC -169,868.40 -125,029.00 -126,484.00

OC 160,382.90 22,349.80 291,345.80
NOPAT -32,675.44 -266,058.35 70,950.66
FCF -318,087.34 -414,892.15 -347,268.74

* In Millions of INR

Diffrence using Capex -33,231.00 205,656.40 -67,040.60

Increase in Cash 96,804.82 -67,623.41 -272,792.28

 2017 2016
93,147.90 141,257.70
-67,809.70 -59,229.90
160,957.60 200,487.60

32,512.30 30,250.50
0.35 0.21

140,755.50 135,709.10
357,696.60 335,865.10

625,325.70 615,617.90

-304,668.80 -315,029.90

697,813.90 714,780.40
-16,966.50
179,049.90 167,107.80

-126,873.60 -144,043.70
35,209.80 23,064.10
104,777.03 157,552.95
-74,476.47

142,585.40
FCFF= EBIT*(1-t)+ D&A + change in WC - CAPEX

2020 2019 2018 2017

EBIT -31498.7 -288471.8 116166.9 160957.6
Tax Rate -0.037358294 0.0776971836 0.3892351701 0.3490395382
Depreciation / Amortization 214254.3 235906.3 215535.9 179049.9
working capital
Accounts Receivables - Trade, Net 111726.9 189961.7 198933 140755.5
Total Inventory 382386.8 401916 443981.3 357696.6
Accounts Payable 663982.1 716906.7 769398.3 625325.7
Changes in Working capital 44839.4 -1455 -389.6 -17170.1
Capital Expenditures -297020.3 -353035.2 -350789.2 -304668.8

FCFF -284,856.34 -620,548.55 -280,228.14 -217,061.87

* In Millions of INR
 2016
200487.6 Calculation
0.2141511578 Calculation
167107.8 IS

135709.1 BS
335865.1 BS
615617.9 BS

-315029.9 CFS
Name Mar 31, 2020 Mar 31, 2019
 Total Revenue 2,610,679.70 3,019,384
Revenue 2,610,679.70 3,019,384.00
Other Revenue, Total -
 Cost of Revenue, Total 1,537,605.90 1,835,714.10
 Gross Profit 1,073,073.80 1,183,669.90
 Total Operating Expenses 2,652,481.20 3,313,174.50
Selling/General/Admin. Expenses, Total 830,021.70 899,023
Research & Development 41,884.90 42,245.70
Depreciation / Amortization 214,254.30 235,906.30
Interest Expense (Income) - Net Operating -
Unusual Expense (Income) 28,714.40 300,285.40
Other Operating Expenses, Total 570,874.60 622,381.20
 Operating Income -41,801.50 -293,790.50
 Interest Income (Expense), Net Non-Operating -74,301.10 -25,239.70
 Gain (Loss) on Sale of Assets -
 Other, Net 10,302.80 5,318.70
 Net Income Before Taxes -105,799.80 -313,711.50
 Provision for Income Taxes 3,952.50 -24,374.50
 Net Income After Taxes -109,752.30 -289,337
 Minority Interest -956.2 -1,020.30
 Equity In Affiliates -10,000 2,095
 U.S GAAP Adjustment -
 Net Income Before Extraordinary Items -120,708.50 -288,262.30
 Total Extraordinary Items -
 Net Income -120,708.50 -288,262.30
 Total Adjustments to Net Income -
 Income Available to Common Excluding Extraordinary Items -120,708.50 -288,262.30
 Dilution Adjustment 0 0
 Diluted Net Income -120,708.50 -288,262.30
 Diluted Weighted Average Shares 3,460.86 3,395.85
 Diluted EPS Excluding Extraordinary Items -34.88 -84.89
 DPS - Common Stock Primary Issue 0 0
 Diluted Normalized EPS -29.49 -27.41

* In Millions of INR (except for per share items)

Mar 31, 2018 Mar 31, 2017 Mar 31, 2016
2,954,093.40 2,744,921.20 2,776,605.90
2,954,093.40 2,744,921.20 2,776,605.90
- - -
1,742,883.90 1,593,453.40 1,534,432.90
1,211,209.50 1,151,467.80 1,242,173
2,828,106.60 2,576,429.30 2,568,428.60
854,119.50 780,935.90 813,696.70
35,318.70 34,135.70 34,687.70
215,535.90 179,049.90 167,107.80
- - -
-19,751.40 -11,145.60 18,503.50
601,842.10 - -
125,986.80 168,491.90 208,177.30
-4,616.60 -67,809.70 -59,229.90
- - -
-9,819.90 -7,534.30 -7,689.70
111,550.30 93,147.90 141,257.70
43,419.30 32,512.30 30,250.50
68,131 60,635.60 111,007.20
-1,024.50 -1,022 -988.8
22,782.60 14,930 5,774.70
- - -
89,889.10 74,543.60 115,793.10
- - -
89,889.10 74,543.60 115,793.10
- - -
89,889.10 74,543.60 115,793.10
0- -
89,889.10 74,543.60 115,793.10
3,396.58 3,396.55 3,380.13
26.46 21.95 34.26
0 0.2 -
22.91 19.81 38.56
Name Mar 31, 2020 Mar 31, 2019 Mar 31, 2018 Mar 31, 2017
 Total Current Assets 1,195,872.50 1,234,311.60 1,359,728.40 1,161,197.50
Cash and Short Term Investments 441,588.10 416,638.40 492,394.30 508,806.70
Cash 90,468.50 147,167.50 139,867.60 400.9
Cash & Equivalents 337,269.70 215,598 147,167.50 139,867.60
Short Term Investments 351,119.60 201,040.40 345,226.80 368,939.10
Total Receivables, Net 316,765 373,465.90 349,771.20 211,808.90
Accounts Receivables - Trade, Net 111,726.90 189,961.70 198,933 140,755.50
Total Inventory 382,386.80 401,916 443,981.30 357,696.60
Prepaid Expenses 13,343.60 12,106.80 14,403.50 11,174.10
Other Current Assets, Total 41,789 30,184.50 59,178.10 82,885.30
 Total Assets 3,221,212.60 3,071,945.30 3,313,505.10 2,737,543.60
Property/Plant/Equipment, Total - Net 927,577.30 811,580.30 900,107.80 697,813.90
Property/Plant/Equipment, Total - Gross 1,792,331.80 1,532,092 1,446,194 1,130,380.10
Accumulated Depreciation, Total -864,754.50 -720,511.70 -546,086.20 -432,566.20
Goodwill, Net 7,770.60 7,478.70 1,164.50 6,733.20
Intangibles, Net 691,946.40 612,124.10 713,201.30 591,882.10
Long Term Investments 61,969.40 62,408.90 56,516.50 52,967.70
Note Receivable - Long Term 203,471 254,985.60 186,799.20 141,709.10
Other Long Term Assets, Total 132,605.40 89,056.10 95,987.40 85,240.10
Other Assets, Total - - -
 Total Current Liabilities 1,404,540.50 1,454,574.30 1,432,194.70 1,156,295.20
Accounts Payable 663,982.10 716,906.70 769,398.30 625,325.70
Payable/Accrued - - -
Accrued Expenses 12,851 21,674.50 12,023.60 10,121.70
Notes Payable/Short Term Debt 163,625.30 201,502.60 167,948.50 138,599.40
Current Port. of LT Debt/Capital Leases 199,465.50 150,514.10 109,561.20 41,148.60
Other Current liabilities, Total 364,616.60 363,976.40 373,263.10 341,099.80
 Total Liabilities 2,590,427.30 2,470,149.70 2,359,226 2,156,924.70
Total Long Term Debt 884,785.60 709,736.70 611,995 606,291.80
Long Term Debt 833,156.20 708,175 611,527.50 605,751.70
Capital Lease Obligations 51,629.40 1,561.70 467.5 540.1
Deferred Income Tax 19,418.70 14,910.40 61,258 11,740
Minority Interest 8,135.60 5,230.60 5,250.60 4,531.70
Other Liabilities, Total 273,546.90 285,697.70 248,527.70 378,066
 Total Equity 630,785.30 601,795.60 954,279.10 580,618.90
Redeemable Preferred Stock, Total - - -
Preferred Stock - Non Redeemable, Net - - -
Common Stock, Total 7,195.40 6,792.20 6,792.20 6,792.20
Additional Paid-In Capital 218,728.90 188,919.30 188,919.30 188,919.30
Retained Earnings (Accumulated Deficit) 397,053.20 436,673.60 746,947.70 617,959.80
Treasury Stock - Common - - -
ESOP Debt Guarantee - - -
Unrealized Gain (Loss) -773.7 620.8 -36,032.20 -179,308.90
Other Equity, Total 8,581.50 -31,210.30 47,652.10 -53,743.50
 Total Liabilities & Shareholders' Equity 3,221,212.60 3,071,945.30 3,313,505.10 2,737,543.60
 Total Common Shares Outstanding 3,597.48 3,395.85 3,395.85 3,395.85
 Total Preferred Shares Outstanding - - -

* In Millions of INR (except for per share items)

Mar 31, 2016
1,099,236.70
491,676.20
-
171,135.20
320,140.10 Assets 1,168,679.00
202,629.20
135,709.10 liabilities 1,028,598.70
335,865.10
- nowc 140,080.30
57,892.10
2,671,411.50
714,780.40 nfa fixed assets 927,577.30
1,099,690.50
-384,910.10 oc 1,067,657.60
7,598
609,128.60
45,349.80
114,418
80,900
-
1,070,494.30
615,617.90
-
36,283.50
114,507.80
73,987.90
230,097.20
1,881,887.40
505,103.90
504,413.50
690.4
45,448.60
4,328.40
256,512.20
789,524.10
-
-
6,791.80
188,874.20
609,837.60
-
-
-61,521.50
45,542
 2,671,411.50
3,395.68
-
Name Mar 31, 2020 Mar 31, 2019 Mar 31, 2018 Mar 31, 2017
 Net Income/Starting Line -119,752.30 -287,242 90,913.60 75,565.60
 Cash From Operating Activities 266,329.40 191,346.90 236,134.80 301,992.50
Depreciation/Depletion 214,254.30 235,906.30 215,535.90 179,049.90
Amortization - - -
Deferred Taxes - - -
Non-Cash Items 139,022.80 338,960 26,673.30 33,785.60
Cash Receipts - - -
Cash Payments - - -
Cash Taxes Paid 17,849.40 26,594.30 30,211.60 18,951
Cash Interest Paid 75,184 70,050.90 54,106.40 53,363.40
Changes in Working Capital 32,804.60 -96,277.40 -96,988 13,591.40
 Cash From Investing Activities -341,702.20 -197,110.90 -262,016.10 -380,798.80
Capital Expenditures -297,020.30 -353,035.20 -350,789.20 -304,668.80
Other Investing Cash Flow Items, Total -44,681.90 155,924.30 88,773.10 -76,130
 Cash From Financing Activities 33,896.10 88,303.70 20,117.10 62,053
Financing Cash Flow Items -75,973.90 -70,998.30 -55,066 -53,839.40
Total Cash Dividends Paid 0 -730 0-
Issuance (Retirement) of Stock, Net 38,887.70 0 0 45.5
Issuance (Retirement) of Debt, Net 70,982.30 159,302 75,183.10 116,576.90
 Foreign Exchange Effects 10,556.70 -14,109.20 13,064.10 -14,915.20
 Net Change in Cash -30,920 68,430.50 7,299.90 -31,668.50
 Beginning Cash Balance 147,167.50 287,035.10 311,403.70 -
 Ending Cash Balance 215,598 294,335 279,735.20 -
 Free Cash Flow -161,688.30 -114,654.40 -2,676.30 -
 Free Cash Flow Growth -41.02% -4184.06% - -
 Free Cash Flow Yield 0% - - -

* In Millions of INR (except for per share items)

Mar 31, 2016
116,781.90
378,995.40
167,107.80
-
-
102,371.70
-
-
20,397.80
57,156.60
-7,266
-375,044.30
-315,029.90
-60,014.40
-37,951.20
-58,235.80
-
74,332.20
-54,047.60
8,105.30
-25,894.80
-
-
-
-
-