BALANCE SHEET AS AT 31 DECEMBER 2022

NOTES As at 31 December As at 31 December 2021

2022 lT in million)
(T in million)

ASSETS

Non-current assets
Property, Plant and Equipment 6 27,058.1 26,529.9
Capital work-in-progress 6 3,583.6 2,462.3
Right of Use Assets 6 3,378.9 3,416.8
Financial Assets
Investments 7 5,601.9 7,107.0
Loans 8 90.0 72.7
Other financial assets 9 468.3 419.0
Deferred Tax Assets (net) 10 256.1 258.4
Other non-current assets 11 14,449.0 14,453.4

Current assets
Inventories 12 19,287.7 15,926.5
Financial Assets
Investments 7 2,173.5 632.8
Trade receivables 13 1,918.9 1,659.7
Cash and cash equivalents 14 9,265.5 7,185.3
Bank balances other than cash and cash equivalents 15 190.0 168.8
Loans 8 102.6 106.9
Other financial assets 9 582.6 507.5
Current tax assets (net) 293.0
Other current assets 16 1,380.7 952.5
Asset held for sale 17

Total Assets 89,787.4 82,341.3

EQUITY AND LIABILITIES
EQUITY
Equity Share Capital 18 964.2 964.2
Other Equity 19 23,627.5 18,499.6
Total Equity 24,591.7 19,463.8
LIABILITIES
Non-current liabilities
Financial Liabilities
Borrowings 20 266.6 274.7
Lease liabilities 1,906.5 1,903.1
Provisions 21 32,051.6 32,852.6
Other non-current liabilities 22 173.5 199.7
34,398.2 35,230.1
Current liabilities
Financial Liabilities
Borrowings 20 33.7 65.9
Trade payables
Total outstanding dues of micro enterprises and small enterprises 23, 45 2,856.6 2,601.8
Total outstanding dues of creditors other than micro enterprises 23 16,481.5 14,879.9
and
Leasesmall enterprises
Liabilities 498.4 420.9
Payables for capital expenditure
Total outstanding dues of micro enterprises and small enterprises 45 247.5 210.6
Total outstanding dues of creditors other than micro enterprises 1,623.8 1,337.5
and
Othersmall enterprises
financial liabilities 24 4,809.1 5,039.9
Provisions 21 1,607.0 1,387.6
Current tax liabilities (net) 330.2
Other current liabilities 25 2,309.7 1,703.3
30,797.5 27,647.4
Total Liabilities 65,195.7 62,877.5
Total Equity and Liabilities 89,787.4 82,341.3
Verticle Verticle Horizontal analysis (Absolute) Horizontal Dupont Analysis Dupont Analysis
analysis (2022) analysis analysis (2022) (2022)
(2021)

30% 32.22% 528.199999999997 2% 97.21% 108.84%

4% 2.99% 1121.3 46%
4% 4.15% -37.9000000000001 -1%
0% 0.00% 0
6% 8.63% -1505.1 -21%
0% 0.09% 17.3 24%
1% 0.51% 49.3 12%
0% 0.31% -2.29999999999995 -1%
16% 17.55% -4.39999999999964 0%
0% 0.00% 0
0% 0.00% 0
21% 19.34% 3361.2 21%
0% 0.00% 0
2% 0.77% 1540.7 243%
2% 2.02% 259.2 16%
10% 8.73% 2080.2 29%
0% 0.21% 21.2 13%
0% 0.13% -4.30000000000001 -4%
1% 0.62% 75.1 15%
0% 0.36% -293 -100%
2% 1.16% 428.2 45%
0% 0.00% 0
0% 0.00% 0
100% 100.00% 7446.09999999999 9%
0% 0.00% 0
0% 0.00% 0
1% 1.17% 0 0%
26% 22.47% 5127.9 28%
27% 23.64% 5127.9 26%
0% 0.00% 0
0% 0.00% 0
0% 0.00% 0
0% 0.33% -8.09999999999997 -3%
2% 2.31% 3.40000000000009 0%
36% 39.90% -801 -2%

0% 0.00% 0
0% 0.00% 0
0% 0.08% -32.2 -49%
0% 0.00% 0
3% 3.16% 254.8 10%
18% 18.07% 1601.6 11%
1% 0.51% 77.5 18%
0% 0.00% 0
0% 0.26% 36.9 18%
2% 1.62% 286.3 21%
5% 6.12% -230.799999999999 -5%
2% 1.69% 219.4 16%
0% 0.00% 330.2
3% 2.07% 606.4 36%
34% 33.58% 3150.1 11%
Vertical Analysis > Income Statement >
Revenue from operations

Vertical Analysis > Bsheet > Total Assets

Absolute Variance
 STATEMENT OF PROFIT AND LOSS
FOR THE YEAR ENDED 31 DECEMBER 2022 Year ended 31 December 2022 Year ended 31 December 2021
NOTES (T in million) (T in million)

A INCOME
Domestic Sales 160,976.0 140,253.3
Export Sales 6,919.3 6,395.7
Sale of products 26 167,895.3 146,649.0
Other operating revenues 26 1,074.3 756.9
i Revenue from operations 168,969.6 147,405.9
Other Income 27 1,010.0 1,201.5
Total Insome 169,979.6 148,607.4
B EXPENSES

i Cost of materials consumed 28 76,521.1 61,541.0

ii Purchases of stock-in-trade 3,480.2 2,616.7
iii Changes in inventories of finished goods, work-in-progress 29 (2,502.7) 675.91
and stock-in-trade
iv Employee benefits expense 30 16,354.6 15,299.4
Finance costs (including interest cost on employee 31 1,545.7 2,016.8
benefit plans)
Depreciation and Amortisation 6 4,030.1 3,910.2
Other expenses 32 36,970.5 32,664.9
Impairment loss on property, plant and equipment 6 294.3 12.2
Net provision for contingencies - Others 35 162.9 T250.1)
Corporate social responsibility expense 36 563.2 534.0
Total Expenses 137,419.9 117,669.2
PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (A- 32,559.7 30,938.2
B)
D Exceptional items 4, 33 2,365.0
E PROFIT BEFORE TAX (C-D) 32,559.7 28,573.2
F Tax expense
 Current tax 37 8,686.1 7,443.9
Deferred tax 37 (3J.61 8,654.5 (54.8) 7,389.1
G PROFIT AFTER TAX (E-F) 23,905.2 21,184.1
H OTHER COMPREHENSIVE INCOME
(a) (i) Items that will not be reclassified to profit or loss
Re-measurement gains / (lossesl of defined benefit plans 33 1,522.4 (2,025.3)
Changes in fair value of equity instruments through other (17.7)
comprehensive income
(ii) Income taxes relating to Items that will not be (383.2) 509.7
reclassified to profit or loss

1,121.5 (1,515.6T
(b) (i) Items that will be reclassified to profit or loss
Net movement on effective portion of cash flow hedges -2.8 2.0
(ii) Income taxes relating to Items that will be 0.7 (0.5)
reclassified to profit or loss

(2.1) 1.5
I TOTAL OTHER COMPREHENSIVE INCOME (a + b) 1,119.4 (1,514.1)

TOTAL COMPREHENSIVE INCOME (G +H) 25,024.6 19,670.0

Weighted average number of equity shares outstanding Nos. 96,415,716 96,415,716.0
Basic and Diluted Earnings Per Share (Face value T 10) T 247.94 219.72
ADDITIONAL INFORMATION (Refer Note 2):
PROFIT FROM OPERATIONS [C - A(i) + B(v) + B(x)] 33,658.6 32,287.5
Verticle Analysis (2022) Verticle Analysis (2021) Absolute Horizontal Analysis

Absolute change = CY -PY

95% 95.15% 20,722.7 14.78% %age change = Absolute number/Base year %
4% 4.34% 523.6 8.19%
99% 99.49% 21,246.3 14.49%
1% 0.51% 317.4 41.93%
100% 100.00% 21,563.7 14.63%
1% 0.82% -191.5 -15.94%
101% 100.82% 21,372.2 14.38%
0% 0.00% 0.0

45% 41.75% 14,980.1 24.34%

2% 1.78% 863.5 33.00%
-1% 0.46% -3,178.6 -470.27%

10% 10.38% 1,055.2 6.90%

1% 1.37% -471.1 -23.36%
0% 0.00% 0.0
2% 2.65% 119.9 3.07%
22% 22.16% 4,305.6 13.18%
0% 0.01% 282.1 2312.30%
0% #VALUE!
0% 0.36% 29.2 5.47%
81% 79.83% 19,750.7 16.78%
19% 20.99% 1,621.5 5.24%

0% 1.60% -2,365.0 -100.00%

19% 19.38% 3,986.5 13.95%
0%
 5% 5.05% 1,242.2 16.69%
19% 5.01% 1,265.4 17.13%
14% 14.37% 2,721.1 12.85%
0% 0.00% 0.0
0% 0.00% 0.0
1% -1.37% 3,547.7 -175.17%
0% 0.00% -17.7
0% 0.00% 0.0
0% 0.35% -892.9 -175.18%
0% 0.00% 0.0
1% #VALUE!
0% 0.00% 0.0
0% 0.00% -4.8 -240.00%
0% 0.00% 1.2 -240.00%
0% 0.00% 0.0
0% 0.00% -3.6 -240.00%
1% -1.03% 2,633.5 -173.93%
0% 0.00% 0.0
15% 13.34% 5,354.6 27.22%
57061% 65408.32% 0.0 0.00%
0% 0.15% 28.2 12.84%
0% 0.0
20% 21.90% 1,371.1 4.25%
solute number/Base year %