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Your Directors have pleasure in presenting the 22nd Annual Report and audited financial statements for the financial year ended March 31, 2017

Financial Highlights

( In Million)
2016-17 2015-16
Revenue from Operations (Gross) 7537.24 7351.02
Operating Profit(EBITDA) 1917.40 1785.47
Finance Cost 3.33 3.43
Depreciation & Amortisation 147.96 152.67
Profit before exceptional items & tax 1766.12 1629.37
Exceptional Items - -
Profit before tax(PBT) 1766.12 1629.37
Tax expense 604.26 539.68
Profit after tax 1166.86 1089.69
Other Comprehensive income (net of tax) (13.04) 2.54
Total Comprehensive income 1148.82 1092.23
Earning per Quality share of 3.52 3.30
Retained earnings brougt forward 1785.03 1367.95
Appropriation: -
-Equity Dividend (including dividend distribution tax)* 178.72 675.15
-Transfer to general Reserves - -
Retained earnings carried forward 2775.13 1785.03

(*)proposed final dividend of 0.75 per equity shares (75%) declared after the reporting period not included herein.

With the accretion in reserves by 970.10 million during the year, the total reserves of the Company stand at 3,627.05 million and the net worth of the Company is at 3,957.02 million as on 31.03.2017. No material changes and commitments affecting the financial position of the Company have occurred between the end of the financial year of the Company to which these financial statement relate and the date of this report.