Page 63 - Kolte Patil AR 2019-20

Financial Snapshot
P&L snapshot (I Crore)
Revenue from operations
Cost of materials consumed
Employee benefits expense
Depreciation 14.9
Revenue recognition method
FY20
256.1
FY19
CCM*
POCM^
CCM*
POCM^
1,129.5
1,226.2
865.9
732.7
806.9
454.3
58.7
58.7
53.8
17.2
17.2
14.9
104.5
104.5
110.6
913.1
987.3
633.7
233.6
247.1
20.7
20.9
28.5
79.7
79.7
92.0
47.0
46.3
11.1
183.7
205.5
151.3
84.0
56.9
51.8
99.7
148.6
99.4
27.3
11.2
24.1
72.4
137.5
75.6
1,194.7 725.3 53.8
Other expenses
Total expenses
EBITDA 301.6
114.1 908.1
EBITDA margin (%) Finance cost
Other income
Profit after tax
Total tax expenses
Net profit after tax (pre-MI) Non-controlling interests Net profit (post-MI)
25.2 92.0 11.1
205.8 72.9 132.9 10.6 122.5
*Note: The Company has adopted IND AS 115 (Completion Contract Method – CCM) during Q1 FY19, effective from 1 April, 2018 and has opted for the modified retrospective method; ^In order to facilitate a like-to-like comparison and continuity of information flow, financials based on the previously applicable Percentage of Completion Method (POCM) of accounting for revenue recognition have also been included.
Key numbers and ratios*
ROCE % 15.4% EBITDA/Turnover 0.3 EBITDA/Finance Cost 2.7 Debt Equity 0.6 Return on Equity % 9.0% EBITDA % 28.5%
* Based on Completion Contract Method
Consolidated debt profile (C Crore)
Net worth 1,100 Gross debt 807 Less: OCD/CCD1/OCRPS/ Zero Coupon NCD* 224 Debt 583 Less: cash & cash equivalents & current 67 Net debt 517 Net debt to equity 0.47
*Issued to KKR in Life Republic Township; ^Company calculations
1In accordance with the requirements of the applicable accounting standards, the Company has carried out a fair valuation of Optionally Convertible Debentures issued by KPIT linked to FSI towards the ICICI buy-out in Life Republic and the resultant net gain of ~C28 Crore has been credited to the Statement of Profit and Loss
FY20
17.1%
0.2
2.9
0.5
8.0%
20.7%
31 March, 2020
31 March, 2019
CCM*
POCM^
POCM^
905
1,229
728
728
196
196
532
532
98
98
434
434
0.48
0.35
Annual Report 2019-20 | 61
FY19