F I N A N C I A L P E R F O R M A N C E

(A GOVERNMENT OF INDIA ENTERPRISE)

Balance Sheet Rs. in crores

Profit & Loss Account

F I N A N C I A L R E S U L TS

Financial results of the company for the last four years is given below:

	2006 - 2007	2005 - 2006	2004 - 2005	2003 - 2004	2002 - 2003
Gross Income	3100.07	4172.75	4960.04	3344.20	2079.33
Total expenditure (including financial charges, depreciation & provisional & write off	3006.66	4087.05	4895.27	3310.50	2062.59
Gross Profit before tax	90.87	85.7	64.77	33.70	16.74
Tax	31.87	31.02	26.47	14.95	7.69
Profit after tax	59.00	54.68	38.30	18.75	9.05
Paid-up Capital (Equity)	2.20	2.20	2.20	2.20	2.20
Reserves	197.87	152.76	110.58	81.02	66.52
Proposed Dividend (%)	540	498	349	171	83
Earning per share (Rs.)	268.20	248.53	174.09	85.21	41.13

B A L A N C E S H E E T

	AS AT 31/03/2007 Rs. in crores	AS AT 31/03/2006 Rs. in crores	AS AT 31/03/05 Rs. in crores	AS AT 31/03/2004 Rs. in crores	AS AT 31/03/2003 Rs. in crores
SOURCES OF FUNDS
Shareholders' Funds
Capital	2.20	2.20	2.20	2.20	2.20
Reserves and Surplus	197.87	152.76	110.58	81.02	66.52
	------------------- 200.07	------------------- 154.96	------------------- 112.78	------------------- 83.22	------------------ 68.72
Loan Funds	968.34	805.58	541.60	391.96	206.32
TOTAL	------------------ 1168.41 ==========	------------------ 960.54 ==========	------------------ 654.38 ==========	------------------- 475.18 ============	------------------- 275.04 =============

APPLICATIONS OF FUNDS
Fixed Assets
Gross Block	16.28	7.26	7.07	6.34	6.05
Less: Depreciation	7.58	5.57	5.21	4.74	4.60
Net Block	--------------- 8.69	--------------- 1.69	--------------- 1.86	---------------- 1.60	----------------- 1.45
Capital Work-in-progress	0.15	6.01	-----	------	-------
Investments	31.81	33.81	33.81	34.05	35.85
Current Assets, Loans & Advances
Current Assets
Interest accrued on Investment	0.40	0.40	0.40	0.40	1.03
Stock-in-Trade	65.94	75.69	72.19	149.28	111.83
Sundry Debtors	1213.84	704.03	410.87	628.66	410.05
Cash and Bank Balance	1042.64	1015.53	1279.98	806.64	288.91
Other Current Assets	8.61	2.56	7.41	16.99	11.74
	--------------- 2331.43	--------------- 1753.17	--------------- 1770.85	------------------- 1601.97	------------------ 823.56
Loans and Advances	217.85	184.79	153.78	68.59	35.28
	--------------- 2549.29	--------------- 1937.96	--------------- 1924.63	------------------- 1670.56	------------------- 858.84
Less: Current Liabilities and Provisions	1421.64	1019.14	1306.25	1231.46	621.10
Net Current Assets	--------------- 1127.63	--------------- 918.81	--------------- 618.38	--------------- 439.10	--------------- 237.74
Misc. Expenditure	--------------- 0.11	--------------- 0.22	--------------- 0.33	0.43	0
TOTAL	-------------- 1168.41 =============	-------------- 960.54 =============	-------------- 654.38 =============	---------------- 475.18 ============	----------------- 275.04 ===========

P R O F I T & L O S S A C C O U N T

	2006-07 Rs. in crores	2005-06 Rs. in crores	2004-05 Rs. in crores	2003-04 Rs. in crores	2002-03 Rs. in crores
INCOME
Sales	2943.86	4035.75	4870.80	3292.62	2045.69
Service Charges	55.07	56.80	27.82	16.91	13.12
Other Income	97.70	80.20	61.42	34.67	19.53
Provision no longer required written back	3.44	0	0	0	0.99
TOTAL	-------------- 3100.07 ==========	-------------- 4172.75 ==========	-------------- 4960.04 ==========	------------- 3344.20 =========	-------------- 2079.33 =========
EXPENDITURE
Cost of Sales	2917.39	4002.52	4825.06	3259.67	2019.24
Employees' Remuneration and benefits	12.29	11.00	10.74	9.45	9.66

Balance Sheet Rs. in crores

Profit & Loss Account

F I N A N C I A L R E S U L TS

Financial results of the company for the last four years is given below:

Gross Income

4960.04

3344.20

2079.33

Total expenditure (including financial charges, depreciation & provisional & write off

4895.27

3310.50

2062.59

Gross Profit before tax

64.77

33.70

16.74

Tax

26.47

14.95

7.69

Profit after tax

38.30

18.75

9.05

Paid-up Capital (Equity)

2.20

2.20

2.20

Reserves

110.58

81.02

66.52

Proposed Dividend (%)

349

171

83

Earning per share (Rs.)

174.09

85.21

41.13

B A L A N C E S H E E T

AS AT 31/03/05

Rs. in crores

AS AT 31/03/2004 Rs. in crores

AS AT 31/03/2003 Rs. in crores

SOURCES OF FUNDS

Shareholders' Funds

Capital

2.20

2.20

2.20

2.20

Reserves and Surplus

197.87

110.58

81.02

66.52

-------------------

200.07

-------------------

154.96

-------------------

112.78

------------------- 83.22

------------------

68.72

Loan Funds

968.34

541.60

391.96

206.32

TOTAL

------------------

1168.41

==========

------------------

960.54

==========

------------------

654.38

AS AT 31/03/2004
Rs. in crores

AS AT 31/03/2003
Rs. in crores

-------------------
83.22