Result Review

摘要

Revenue of the Company, for the year ended 31st March 2008, was Rs 2271 crores.This represents an increase of 23% over the revenue of Rs 1848 crores for the previous financial year. The operating profit for the year ended 31st March 2007 stood at Rs 304 crores as against Rs 321 crores in the previous financial year, representing a drop of 5%. There is an exceptional item of loss as your company based on principle of prudence & in conformity with the announcement made by the Institute of Chartered Accountants of India, has provided for the loss of Rs 12.56 Crores on the foreign exchange derivatives entered into by the Company and outstanding on the balance sheet date, on account of marking these derivatives to market (MTM).