AFFLUENCE

The total revenue of the Company on standalone basis was Rs. 3,15,991.76 Lakhs as compared to Rs. 3,20,501.59 Lakhs for previous year i.e. lower by 1.41% as compared to the previous year. The Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) for the current year is reported at Rs. 62,628.81 Lakhs which was Rs. 56,389.45 Lakhs for FY 2017 with increase of 10.71%. The Profit before exceptional items & Tax is reported at Rs. 48,268.10 Lakhs in FY 2018 as against Rs. 44,649.63 Lakhs in FY 2017 with increase of 8.10%. The total revenue of the Company on consolidated basis for current year was Rs. 3,22,206.17 Lakhs as against Rs. 330,237.03 Lakhs in FY 2017. The Profit before exceptional items & Tax is reported at Rs. 50,094.96 Lakhs in FY 2018 as against Rs. 44,110.45 Lakhs in FY 2017 with increase of 13.56%.

The provisions of section 134(3)(m) of the Act regarding conservation of Energy and Technology Absorption are not applicable to the Company. Further during the year under review Foreign exchange earnings (in equivalent Rs.) was Rs. 194.12 Lakhs (Previous year Nil) and foreign exchange outgo was Rs. 5,273.87 Lakhs (Previous year Rs. 1089.19 Lakhs).

The provisions of section 134(3)(m) of the Act regarding conservation of Energy and Technology Absorption are not applicable to the Company. Further during the year under review Foreign exchange earnings (in equivalent Rs.) was Rs. 194.12 Lakhs (Previous year Nil) and foreign exchange outgo was Rs. 5,273.87 Lakhs (Previous year Rs. 1089.19 Lakhs).

The provisions of section 134(3)(m) of the Act regarding conservation of Energy and Technology Absorption are not applicable to the Company. Further during the year under review Foreign exchange earnings (in equivalent Rs.) was Rs. 194.12 Lakhs (Previous year Nil) and foreign exchange outgo was Rs. 5,273.87 Lakhs (Previous year Rs. 1089.19 Lakhs).

Pursuant to Section 134(5) of the Companies Act, 2013, Directors hereby confirms that: (i) in preparation of Annual Accounts for the year 2017-18, the applicable accounting standards have been followed and there are no material departures; (ii). They have selected such Accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of financial year and of the Profit of the Company for the financial year2017-18; (iii) They have taken proper and sufficient care to the best of their knowledge and ability for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; (iv) They have prepared annual accounts on a going concern basis; (v) The Directors had laid down proper internal financial controls to be followed by the Company and such Internal Financial Controls are adequate and operating effectively. (vi) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.