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Annual Report 2016-17
The highlights of the onancial performance on an unconsolidated basis for the year ended March 31, 2017 are as under:
Particulars
(Amount in USD Million
except EPS and
Book Value)
(Amount in
`
Million except
EPS and Book Value)
%
Change
(based on the
amounts in
`
)
2016-17 2015-16 2016-17
2015-16
Revenue from Operations
258.30
220.06 17,329.64 14,471.36
19.75
Earnings before interest, depreciation and
amortization and ta[es
55.18
49.51
3,701.79
3,255.77
13.70
Finance Cost
0.01
0.01
0.91
0.92
(1.09)
Depreciation and amortization
9.09
8.90
609.68
585.35
4.16
Other income
14.10
12.08
946.21
794.70
19.07
Provision for income ta[
16.35
14.72
1,097.09
968.21
13.31
Net proot for the year
43.83
37.96 2,940.32
2,495.99
17.80
Transfer to general reserve
17.53
16.15
1,176.12
1,061.84
10.76
Net worth*
279.79
236.21
18,144.14 15,646.46
15.96
Earnings per share (EPS) (Basic)
0.55
0.48
36.75
31.27
17.52
Earnings per share (EPS) (Diluted)
0.55
0.47
36.75
31.20
17.79
Book value per equity share
3.50
2.95
226.80
195.58
15.96
[Conversion Rate USD 1 =
`
67.09 for Proot and /oss items USD 1 =
`
64.85 for Balance Sheet items (onancial year 2016-17) and
USD 1 =
`
65.76 for Proot and /oss items USD 1 =
`
66.24 for Balance Sheet items (onancial year 2015-16)@.
*Net worth = Equity Share Capital + Reserves and Surplus + Other Comprehensive Income
Material Events Occurring after Balance Sheet Date
There were no material changes and commitments affecting the onancial position of your Company between the end of
the onancial year and the date of this report.
Liquidity
Your Company continues to maintain adequate amount of liquidity to meet its strategic and growth objectives.
Your Company has ensured a balance between earning adequate returns on liquid assets and the need to cover onancial
and business risks. As at March 31, 2017, your Company, on an unconsolidated basis, had cash and cash equivalents
(including investments) amounting to
`
8,159.98 Million as against
`
7,610.69 Million as at March 31, 2016. The details of
cash and cash equivalents (including investments) are as below:
(In
`
Million)
Particulars
As at
March 31, 2017
As at
March 31, 2016
Investment in Mutual Funds at fair value
6,193.93
5,640.25
Fi[ed Deposits with scheduled banks
564.18
561.72
Deposit with Financial Institutions
435.00
300.00
Ta[ free Bonds (quoted)
517.04
609.46
Cash and Bank balances
449.83
499.26
Total
8,159.98
7,610.69
Dividend
In January 2017, your Directors declared an Interim Dividend of
`
6 per share on the paid-up equity share capital out
of the net proots of your Company. Total outpow on account of this interim dividend including dividend distribution ta[
amounted to
`
577.72 Million.
The Board has recommended a Final Dividend of
`
3 per share for the onancial year 2016-17. Total outpow on account
of onal dividend including dividend distribution ta[ would amount to
`
288.86 Million. The payment of onal dividend of
`
3 per share is subject to the approval of the Members. Thus, including the proposed onal dividend, the total dividend
for the onancial year 2016-17 would be
`
9 per share as compared to
`
8 per share in the onancial year 2015-16.