2007-08

          2006-07

Rs. In

US $ in

Rs. In

US $ In

 Millions

Millions*

 Millions

 Millions#

Gross Sales 

8,636.50

215.37

7,541.82

173.45

Fixed assets - Gross Block

8,398.31

209.43

6,019.42

138.44

Net Block

7,111.06

177.33

4,969.66

114.30

Export earnings

911.67

22.73

716.70

16.48

Earnings Before Depreciation and Interest

944.42

23.55

633.94

14.58

Interest

134.83

3.36

67.06

1.54

Earnings Before Depreciation 

809.58

20.19

566.88

13.04

Depreciation

300.29

7.49

253.29

5.83

Earnings Before tax

509.30

12.70

313.59

7.21

Taxation

Current 

57.50

1.43

34.72

0.80

Fringe Benefit Tax

6.00

0.15

7.36

0.17

MAT Credit available for set off

(1.55)

(0.04)

(4.49)

(0.10)

Tax adjustment of previous year

-

-

-

-

Deferred Tax

103.37

2.58

74.31

1.71

Earnings After Tax

357.93

8.93

201.69

4.64

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

196.15

4.89

172.54

172.54

Earnings per share  (Rs. / us $)

1.82

0.05

1.17

0.03

Net worth ( Excl.Revaluation Reserve)

2,993.64

74.65

2,418.44

55.62

Book Value per share

15.26

0.38

14.02

0.32

Gross profit to sales (%)

9.37

9.37

7.53

7.53

(Earnings before Depreciation)

Interest Coverage Ratio

7.00

7.00

9.45

9.45

Debt/Equity

1.23:1

1.24:1

0.84:1

0.84:1

Current assets / Current liabilities

1.18

1.18

1.18

1.18

* 1 US $= Rs.40.10

# 1 US$= Rs.43.48