Segment mix

Our revenue from the Automotive - Powertrain and Others, Automotive - Aluminium Products and the Industrial
and Engineering segments, increased during the period as detailed below:

 

Particulars Fiscal 2020 Fiscal 2019 Increase/ Increase/
in million in million (Decrease) in% (Decrease) in %
million
‘Automotive - Powertrain and Others 7,092.90 10,084.99 (2,992.09) (29.67)
Automotive - Aluminium Products 2,576.90 3,081.50 (504.60) (16.38)
Industrial and Engineering 5,254.85 5,013.58 241.27 4.81

 

The decrease in revenue in the Automotive - Powertrain and Others and the Automotive - Aluminium Products
segments is primarily as a result of decline in our business due to the general downturn in the automotive industry.
The increase in revenue in the Industrial and Engineering segment was primarily as a result of growth in demand
of products in this segment.

Other income

Our other income decreased by 2 50.44 million, or 36.99%, from % 136.36 million in Fiscal 2019 to = 85.92 million
in Fiscal 2020, primarily as a result of reduction in exchange rate gains on transaction and translation during this
period, mark-to-market net loss on derivatives, decrease in unclaimed balances written back, decrease in interest
income on deposits (measured at amortized cost), which was partially offset by an increase in the interest income
due to unwinding of fair valued assets (rent advance).

Our other income accounted for 0.74% of our total income in Fiscal 2019, compared to 0.57% in Fiscal 2020.
Expenses

Cost of materials consumed

Our cost of materials consumed decreased by 2 1,387.84 million, or 19.53%, from % 7,104.88 million in Fiscal 2019
to 2 5,717.04 million in Fiscal 2020. Our cost of materials consumed accounted for 38.79% of our total income in

Fiscal 2019, compared to 38.09% in Fiscal 2020.

This is primarily as a result of decrease in purchase of materials, due to decrease in sale of products, and a resultant
decrease in the cost of transportation of such materials.

Change in inventories of finished goods

Our opening stock of finished goods was % 98.10 million for the year ended March 31, 2019, while it was = 113.03
million for the year ended March 31, 2020.

Our closing stock of finished goods was = 113.03 million for the year ended March 31, 2019, while it was = 113.71
million for the year ended March 31, 2020.

The changes in inventories were primarily a result of decrease in the growth in sale of products, especially the
material intensive aluminium products and power train product sales, as indicated above.

Excise duty on sale of goods

We were not required to pay any excise duty on the sale of our goods as goods and service tax has been
implemented from July 1, 2017.

Employee benefits expense
Our employee benefit expense decreased by % 458.45 million, or 21.14%, from % 2,168.31 million in Fiscal 2019
to = 1,709.86 million in Fiscal 2020, primarily as a result of decrease in the number of employees owing to a

decrease in operating activities as well as a decrease in salaries and wages in this period.

Our employee benefits expense accounted for 11.84% of our total income in Fiscal 2019, compared to 11.39% in
Fiscal 2020.

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