2008-09

          2007-08

Rs. In

US $ in

Rs. In

US $ In

 Millions

Millions*

 Millions

 Millions#

Gross Sales 

10119.27

199.51

8635.90

215.36

Fixed assets - Gross Block

10064.34

198.43

8398.32

209.43

Net Block

7559.91

149.05

7112.58

177.37

Export earnings

1021.20

20.13

911.68

22.74

Earnings Before Depreciation and Interest

883.49

17.42

944.42

23.55

Interest

270.98

5.34

134.83

3.36

Earnings Before Depreciation 

612.51

12.08

809.59

20.19

Depreciation

412.33

8.13

300.29

7.49

Earnings Before tax

200.18

3.95

509.30

12.70

Taxation

Current 

22.50

0.44

57.50

1.43

Fringe Benefit Tax

5.22

0.10

6.00

0.15

MAT Credit available for set off

(22.50)

(0.44)

(15.50)

(0.39)

Tax adjustment of previous year

-

-

-

-

Deferred Tax

52.50

1.04

103.37

2.58

Earnings After Tax

142.46

2.81

357.93

8.93

No of Shares of Rs. 2/- each (Million Nos.)@

196.15

196.15

196.15

196.15

Earnings per share  (Rs. / us $)

0.73

0.01

1.82

0.05

Net worth ( Excl.Revaluation Reserve)

3064.44

60.42

2990.84

74.58

Book Value per share

15.62

0.31

15.25

0.38

Gross profit to sales (%)

6.05

6.05

9.37

9.37

(Earnings before Depreciation)

Interest Coverage Ratio

3.26

3.26

7.00

7.00

Debt/Equity

1.32:1

1.32:1

1.22:1

1.22:1

Current assets / Current liabilities

1.30

1.30

1.16

1.16

* 1 US $= Rs.50.72

# 1 US$= Rs.40.10