REPORT OF THE DIRECTORS AND MANAGEMENT DISCUSSION AND ANALYSIS

Your Directors have pleasure in presenting the Annual Report of theCompany together with the audited accounts for the financial year ended on 31st March2021.

FINANCIAL RESULTS

(Rs. in Crore)

Highlights of the Standalone Results:

a. Revenue from Operations for the year ended 31st March 2021 was Rs.6021.41 crore as against Rs. 5691.69 crore in the corresponding last financial yearrepresenting an increase of 5.8% over the last financial year.

b. EBIDTA (excluding other income and exceptional item) for the yearended 31st March 2021 was Rs. 1096.95 crore as against Rs. 957.80 crore in thecorresponding last financial year representing an increase of 14.5% over the lastfinancial year.

c. Net Profit for the financial year ended 31st March 2021 was Rs.680.78 crore as against Rs. 699.05 crore recorded in the previous financial year. The netprofit for the quarter ended 31st March 2021 included Rs. 3.92 crore as other income fromdividend as against Rs. 100.09 crore in the previous financial year and hence the figuresfor both the financial years are not comparable.

Highlights of the Consolidated Results:

a. Revenue from Operations for the year ended 31st March 2021 was Rs.6817.59 crore as against Rs. 6365.82 crore in the corresponding last financial yearrepresenting an increase of 7.1% over the last financial year.

b. EBIDTA (excluding other income) for the year ended 31st March 2021was Rs. 1187.98 crore as against Rs. 1060.99 crore in the corresponding last financialyear representing an increase of 12% over the last financial year.

c. Net Profit for the year ended 31st March 2021 was Rs. 719.72 croreas against Rs. 656.10 crore in the corresponding last financial year representing anincrease of 9.7%overthelastfinancialyear.

The Board of Directors have recommended a dividend of Rs. 2.80 (280%)per equity share of Rs. 1/- each fully paid up for the financial year ended 31st March2021. Dividend is subject to approval of the shareholders.