| (Rs. in Million) |
| Particulars | Dec 2003 | Dec 2002 | Dec 2001 |
| INCOME : | | | |
| Gross Sales | 3784.00 | 2923.00 | 2896.57 |
| Sales | 3749.00 | 2889.00 | 2869.00 |
| Job Work/ Contract Receipts | | | |
| Processing Charges / Service Income | 18.00 | 14.00 | 7.70 |
| Revenue from property development | | | |
| Other Operational Income | 17.00 | 20.00 | 19.86 |
| Less: Excise Duty | | | |
| Net Sales | 3784.00 | 2923.00 | 2896.57 |
| EXPENDITURE : | | | |
| Increase/Decrease in Stock | -77.00 | -30.00 | 65.78 |
| Raw Material Consumed | 2180.00 | 1586.00 | 1490.05 |
| Opening Raw Materials | 228.00 | 192.00 | |
| Purchases Raw Materials | 2222.00 | 1623.00 | 1681.64 |
| Closing Raw Materials | 270.00 | 228.00 | 191.59 |
| Other Direct Purchases / Brought in cost | | | |
| Other raw material cost | 0.00 | 0.00 | 0.00 |
| Power & Fuel Cost | 26.00 | 27.00 | 24.64 |
| Electricity & Power | 26.00 | 27.00 | 24.64 |
| Oil, Fuel & Natural gas | 0.00 | 0.00 | 0.00 |
| Coals etc | 0.00 | 0.00 | 0.00 |
| Other power & fuel | 0.00 | 0.00 | 0.00 |
| Employee Cost | 289.00 | 272.00 | 260.98 |
| Salaries, Wages & Bonus | 209.00 | 199.00 | 193.43 |
| Contributions to EPF & Pension Funds | 19.00 | 17.00 | 16.87 |
| Workmen and Staff Welfare Expenses | 42.00 | 40.00 | 37.62 |
| Other Employees Cost | 19.00 | 17.00 | 13.06 |
| Other Manufacturing Expenses | 266.00 | 205.00 | 220.56 |
| Sub-contracted / Out sourced services | 144.00 | 103.00 | 142.65 |
| Processing Charges | | | |
| Repairs and Maintenance | 44.00 | 38.00 | 35.77 |
| Packing Material Consumed | | | |
| Other Mfg Exp | 78.00 | 65.00 | 42.14 |
| General and Administration Expenses | 131.00 | 132.00 | 133.89 |
| Rent , Rates & Taxes | 23.00 | 22.00 | 35.50 |
| Insurance | 6.00 | 5.00 | 5.67 |
| Printing and stationery | | | |
| Professional and legal fees | | | |
| Traveling and conveyance | 69.00 | 71.00 | 62.39 |
| Other Administration | 102.00 | 105.00 | 92.71 |
| Selling and Distribution Expenses | 54.00 | 26.00 | 32.28 |
| Advertisement & Sales Promotion | | | |
| Sales Commissions & Incentives | | | |
| Freight and Forwarding | 19.00 | 11.00 | 16.37 |
| Handling and Clearing Charges | 0.00 | 0.00 | 0.00 |
| Other Selling Expenses | 35.00 | 15.00 | 15.91 |
| Miscellaneous Expenses | 148.00 | 125.00 | 178.47 |
| Bad debts /advances written off | 13.00 | 3.00 | 4.97 |
| Provision for doubtful debts | 21.00 | 32.00 | 3.10 |
| Losson disposal of fixed assets(net) | | | |
| Losson foreign exchange fluctuations | | | 1.11 |
| Losson sale of non-trade current investments | | | |
| Other Miscellaneous Expenses | 113.00 | 91.00 | 169.29 |
| Less: Expenses Capitalised | | | |
| Total Expenditure | 3017.00 | 2343.00 | 2406.65 |
| Operating Profit (Excl OI) | 767.00 | 580.00 | 489.92 |
| Other Income | 169.00 | 160.00 | 150.44 |
| Interest Received | 23.00 | 29.00 | 34.97 |
| Dividend Received | 14.00 | 39.00 | |
| Profit on sale of Fixed Assets | 1.00 | 0.00 | 1.60 |
| Profits on sale of Investments | 48.00 | 41.00 | 6.54 |
| Provision Written Back | 34.00 | 10.00 | 34.96 |
| Foreign Exchange Gains | 34.00 | 17.00 | |
| Others | 15.00 | 23.00 | 72.37 |
| Operating Profit | 936.00 | 740.00 | 640.35 |
| Interest | 16.00 | 12.00 | 8.78 |
| InterestonDebenture / Bonds | | | |
| Interest on Term Loan | | | |
| Intereston Fixed deposits | | | |
| Bank Charges etc | 15.00 | 12.00 | 7.99 |
| Other Interest | 1.00 | 0.00 | 0.79 |
| PBDT | 920.00 | 728.00 | 631.58 |
| Depreciation | 72.00 | 71.00 | 58.72 |
| Profit Before Taxation & Exceptional Items | 848.00 | 657.00 | 572.86 |
| Exceptional Income / Expenses | | | |
| Profit Before Tax | 848.00 | 657.00 | 572.86 |
| Provision for Tax | 194.00 | 203.00 | 189.38 |
| Current Income Tax | 169.00 | 222.00 | 196.68 |
| Deferred Tax | -5.00 | -18.00 | -7.51 |
| Other taxes | 31.00 | 0.00 | 0.22 |
| Profit After Tax | 653.00 | 453.00 | 383.47 |
| Extra items | 0.00 | 0.00 | 0.00 |
| Minority Interest | | | |
| Share of Associate | | | |
| Other Consolidated Items | | | |
| Consolidated Net Profit | 653.00 | 453.00 | 383.47 |
| Adjustments to PAT | | | 46.12 |
| Profit Balance B/F | 311.00 | 248.00 | 195.06 |
| Appropriations | 964.00 | 702.00 | 624.65 |
| General Reserves | 66.00 | 46.00 | 38.00 |
| Proposed Equity Dividend | 91.00 | 182.00 | 181.61 |
| Corporate dividend tax | 81.00 | | 2.23 |
| Other Appropriation | | | |
| Equity Dividend % | 250.00 | 190.00 | 185.00 |
| Earnings Per Share | 36.00 | 25.00 | 21.00 |
| Adjusted EPS | 36.00 | 25.00 | 21.00 |