Index

FINANCIAL STATEMENTS (As per IFRS)

Profit & Loss Account (Rs. Crores) FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 Vertical Analysis Increase/Decrease Horizontal
Revenue 21,693 22,742 27,501 33,734 40,352 50,133 53,319 62,441 68,484 70,522 82,675 100.00% 12153.00 17%

Cost of sales 12,527 13,020 15,916 19,808 25,280 32,141 32,883 39,098 43,253 45,130 53,867 65.16% 8737.00 19%
Gross Profit 9,166 9,722 11,585 13,926 15,072 17,992 20,436 23,343 25,231 25,392 28,808 34.84% 3416.00 13%

Selling and marketing expenses 1,105 1,184 1,512 1,757 2,034 2,625 2,941 3,431 3,591 3,560 4,473 5.41% 913.00 26%
General and administrative expenses 1,631 1,628 1,971 2,390 2,609 3,326 3,663 4,292 4,739 4,684 5,455 6.60% 771.00 16%
Total operating expenses 2,736 2,812 3,483 4,147 4,643 5,951 6,604 7,723 8,330 8,244 9,928 12.01% 1684.00 20%

Operating profit 6,430 6,910 8,102 9,779 10,429 12,041 13,832 15,620 16,901 17,148 18,880 22.84% 1732.00 10%
- Margin 29.6% 30.4% 29.5% 29.0% 25.8% 24.0% 25.9% 25.0% 24.7% 24.3% 22.8% 0.00% -0.01 -6%

Operating Profit after Interest, Depreciation and Amortization 6,430 6,910 8,102 9,779 10,429 12,041 13,832 15,620 16,901 17,148 18,880 22.84% 1732.00 10%

Other income, net 473 990 1,211 1,904 2,359 2,669 3,427 3,125 3,080 3,193 2,882 3.49% -311.00 -10%
Reduction in the value of disposal group held for sale - - - - - - - - - - (270) -0.33% -270.00
Adjustment in respect of excess of carrying amount over recoverable amount on reclassification from "Held from Sale" (451) -0.55% -451.00
Share in net profit/(loss) of associate, including impairment (1) (3) (30) (71) - 0.00% 71.00 -100%

Profit before tax, minority interest and exceptional items 6,903 7,900 9,313 11,683 12,788 14,710 17,258 18,742 19,951 20,270 21,041 25.45% 771.00 4%
Provision for taxation 919 1,681 2,490 3,367 3,367 4,062 4,929 5,251 5,598 4,241 5,631 6.81% 1390.00 33%

Profit after tax but before minority interest and exceptional items 5,984 6,219 6,823 8,316 9,421 10,648 12,329 13,491 14,353 16,029 15,410 18.64% -619.00 -4%
Minority interest 6 0.01% 6.00

Net profit after tax, minority interest and exceptional items 5,984 6,219 6,823 8,316 9,421 10,648 12,329 13,491 14,353 16,029 15,404 18.63% -625.00 -4%

EPS before exceptional item (^)

Basic 13.13 13.63 14.93 18.19 20.61 23.29 26.96 29.52 31.40 35.54 35.44 -0.09 0%
Fully Diluted 13.11 13.61 14.93 18.19 20.61 23.29 26.96 29.51 31.38 35.50 35.38 -0.12 0%

EPS after exceptional item (^)

Basic 13.13 13.63 14.93 18.19 20.61 23.29 26.96 29.52 31.40 35.54 35.44 -0.09 0%
Fully Diluted 13.11 13.61 14.93 18.19 20.61 23.29 26.96 29.51 31.39 35.50 35.38 -0.12 0%

Shares outstanding (^)

Basic, Millions 4,557.3 4,563.8 4,569.4 4,570.9 4,571.2 4,571.2 4,571.2 4,571.2 4,571.3 4,510.7 4,347.1 -163.53 -4%
Fully Diluted, Millions 4,565.0 4,568.9 4,570.9 4,571.2 4,571.2 4,571.2 4,571.3 4,571.4 4,572.8 4,515.1 4,353.4 -161.73 -4%

Notes: 0.00%
Transition to IFRS took place from Q3 FY09 prior to which the financials for Q1 FY09 and Q2 FY09 are reported under Indian GAAP.
(^) EPS before exceptional item and after exceptional item and Shares o/s have been adjusted for 1:1 bonus issue/stock dividend given in Dec-14, June-15 and September-18
Index

Balance Sheet (Rs. Crores) FY 18 FY 19 Vertical Analysis Increase/Decrease Horizontal %

Assets
Cash and Equivalents 19,818 19,568 23.09% -250.00 -1.26%
Available-for-sale financial assets/current investments 6,407 6,627 7.82% 220.00 3.43%
Investments in certificate of deposits - - 0.00
Trade receivables 13,142 14,827 17.50% 1685.00 12.82%
Unbilled Revenues 4,261 5,374 6.34% 1113.00 26.12%
Loans & Advances - - 0.00
Derivative financial instruments 16 336 0.40% 320.00 2000.00%
Income tax assets - 423 0.50% 423.00
Prepayments and other Current assets 4,313 5,723 6.75% 1410.00 32.69%
47,957 52,878 62.40% 4921.00 10.26%
Assets held for sale 2,060 - 0.00% -2060.00 -100.00%
Total current assets 50,017 52,878 62.40% 2861.00 5.72%
Non-current assets 0.00
Property, plant and equipment 12,143 13,356 15.76% 1213.00 9.99%
Goodwill 2,211 3,540 4.18% 1329.00 60.11%
Intangible assets 247 691 0.82% 444.00 179.76%
Capital WIP - - 0.00
Investment in associate - - 0.00
Available-for-sale financial assets/non-current investments 5,756 4,634 5.47% -1122.00 -19.49%
Investment in govt bonds - - 0.00
Deferred income tax assets 1,282 1,372 1.62% 90.00 7.02%
Income tax assets 6,070 6,320 7.46% 250.00 4.12%
Other Non Current Assets 2,164 1,947 2.30% -217.00 -10.03%
Total non-current assets 29,873 31,860 37.60% 1987.00 6.65%
Total Assets 79,890 84,738 100.00% 4848.00 6.07%
0.00
Liabilities and equity 0.00
Trade payables 694 1,655 1.95% 961.00 138.47%
Derivative financial instruments 42 15 0.02% -27.00 -64.29%
Current income tax liabilities 2,043 1,567 1.85% -476.00 -23.30%
Client deposits 38 26 0.03% -12.00 -31.58%
Unearned revenue 2,295 2,809 3.31% 514.00 22.40%
Employee benefit obligations 1,421 1,619 1.91% 198.00 13.93%
Provisions 492 576 0.68% 84.00 17.07%
Other current liabilities 6,756 10,371 12.24% 3615.00 53.51%
13,781 18,638 21.99% 4857.00 35.24%
Liabilities directly associated with assets held for sale 324 0 0.00% -324.00 -100.00%
Total current liabilities 14,105 18,638 21.99% 4533.00 32.14%
Non-current liabilities 0.00
Deferred income tax liabilities 541 672 0.79% 131.00 24.21%
Non-current liabilities 272 378 0.45% 106.00 38.97%
Employee benefit obligations 48 44 0.05% -4.00 -8.33%
Total liabilities 14,966 19,732 23.29% 4766.00 31.85%
Equity 0.00
Share capital 1,088 2,170 2.56% 1082.00 99.45%
Share premium 186 396 0.47% 210.00 112.90%
Retained earnings 61,241 58,848 69.45% -2393.00 -3.91%
Cash flow hedge reserves - 21 0.02% 21.00
Other Reserves 1,583 2,570 3.03% 987.00 62.35%
Capital redemption reserve 56 61 0.07% 5.00 8.93%
Other components of equity 769 882 1.04% 113.00 14.69%
Total equity attributable to the equity holders of the company 64,923 64,948 76.65% 25.00 0.04%
Non-controlling interests 1 58 0.07% 57.00 5700.00%
Total Equity 64,924 65,006 76.71% 82.00 0.13%
Total liabilities and equity 79,890 84,738 100.00% 4848.00 6.07%
0.00

Notes:
Transition to IFRS took place from Q3 FY10 prior to which the financials highlighted are reported under Indian GAAP.