Board’s Report To the Members, Your Directors have a great pleasure in presenting the 31st Annual Report together with the Audited Standalone & Consolidated Financial Statements of your Company for the Financial Year ended March 31, 2023. Financial Results The Company’s financial performance for the year ended March 31, 2023 is summarized below: (` in Millions) Particulars Standalone Consolidated FY 2022-23 FY 2021-22 FY 2022-23 FY 2021-22 Revenue 32072.53 26404.91 32390.60 26786.07 Other Operating Income 14.22 24.30 15.94 26.72 Total Revenue 32086.75 26429.21 32406.54 26812.79 Add: Other Income 113.48 103.14 120.57 112.72 Total Income 32200.23 26532.35 32527.11 26925.51 Less: Total Expenditure 30736.67 24556.70 31023.96 24904.46 Profit before Finance cost, Depreciation, Amortisation Expenses and Tax 1463.56 1975.65 1503.15 2021.05 Less: i) Finance cost 31.68 32.01 39.02 40.07 ii) Depreciation and Amortisation Expenses 538.50 499.64 561.47 521.82 Profit before tax and exceptional items 893.38 1444.00 902.66 1459.16 Less: Exceptional items - 91.40 - 91.40 Profit before tax and share of loss of an associate and a joint venture - - 902.66 1367.76 Less: share of loss of an Associate and a joint venture - - 85.23 60.34 Profit before tax 893.38 1352.60 817.43 1307.42 Less: i) Current Tax 227.07 343.01 228.33 343.59 ii) Deferred taxation 7.42 (5.75) 9.34 (1.38) Profit after tax 658.89 1015.34 579.76 965.21 Performance of the Company Standalone Your Company, during the year under review earned revenue of ₹32,086.75Million, against ₹ 26,429.21 Million over the previous year. The profit before Finance Cost, depreciation & amortization and tax was of ₹1,463.56 Million as against ₹ 1,975.65 Million in the previous year. The Profit After Tax for the current year is ₹ 658.89 Million against ₹ 1,015.34 Million in the previous year. Consolidated Your Company, during the year under review earned revenue of ₹ 32,406.54 Million, against ₹ 26,812.79 million over the previous year. The profit before Finance Cost, depreciation & amortization, share of loss of an associate and joint venture and tax was of ₹ 1,503.15 Million as against ₹ 2021.05 Million in the previous year. The Profit After Tax from continuing operations for the current year is ₹579.76 Million against ₹ 965.21 Million in the previous year. Transfer to General Reserves Your Directors do not propose to transfer any amount to general reserves for the financial year ended March 31, 2023. Dividend Your Directors have pleasure in recommending a dividend of 50% i.e. ₹ 2.50/- per equity share of face value of ₹ 5/- each for the financial year ended March 31, 2023 at their meeting held 67 Board’s Report | Statutory Reports
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