Net Worth. Our net worth decreased by 2.67% to 25,437.35 million as of August 31, 2021 from
% 5,586.62 million as of March 31, 2021, due to a decrease in retained earnings on account of a loss for the five
months ended August 31, 2021 of % 181.05 million as compared to a profit for the financial year 2021 of
% 547.92 million.

EPS. Our basic EPS decreased to (1.53) as of August 31, 2021 from 2 4.62 as of March 31, 2021. Our diluted
EPS decreased to 2 (1.53) as of August 31, 2021 from % 4.55 as of March 31, 2021, due to our loss for the five
months ended August 31, 2021 attributable to equity shareholders of = 181.05 million as compared to our profit
for the financial year 2021 attributable to equity shareholders of = 547.92 million for the financial year 2021,
which was adjusted by other comprehensive income for the five months ended August 31, 2021 of = 24.77
million and for the financial year 2021 of 2 27.11 million.

March 31, 2021 Compared to March 31, 2020

Total Current Assets. Our total current assets increased by 95.9% to 2 16,783.59 million as of March 31, 2021
from 2 8,569.00 million as of March 31, 2020, primarily due to:

e an increase in cash and cash equivalents to % 5,923.23 million as of March 31, 2021 from
% 106.11 million as of March 31, 2020 primarily on account of proceeds of 2 5,500.00 million from the
issuance of Listed NCDs in the financial year 2021, see “Capital Structure — Non-Convertible
Debentures” on page 102; and

ean increase in trade and unbilled receivables, which consists of trade receivables and unbilled
receivables, to % 8,088.24 million as of March 31, 2021 from % 6,159.42 million as of March 31, 2020,
primarily on account of an increase in unbilled receivables to = 3,182.95 million as of March 31, 2021
from % 1,594.57 million as of March 31, 2020. For further details, see “Risk Factors — Internal Risk
Factors — The Coronavirus Disease 2019 (COVID-19) pandemic has had and may continue to have
certain adverse effects on our business, operations, cash flows and financial condition. The continuing
impacts of Coronavirus Disease 2019 (COVID-19) are unpredictable and could be significant, and the
extent to which it or the effect of outbreaks of any other severe communicable disease may continue to
do so in the future is uncertain and cannot be predicted.” on page 25.

Investments. We recorded investments of % 96.91 million as of March 31, 2021, compared to nil as of March 31,
2020, corresponding to the market value of investments in quoted mutual funds availed at FVTPL.

Total Non-Current Liabilities. Our total non-current liabilities increased by 61.7% to = 11,604.21 million as of
March 31, 2021 from 2 7,175.02 million as of March 31, 2020, primarily due to an increase in borrowings to
2 8,661.83 million as of March 31, 2021 from 2 3,488.81 million as of March 31, 2020 due to the issuance of
Listed NCDs in the amount of 2 5,500.00 million.

Total Other Current Financial Liabilities. Our total other current financial liabilities increased by 1.1% to
% 809.50 million as of March 31, 2021 from 2 800.78 million as of March 31, 2020, primarily due to an increase
in accrued employee cost of to % 626.83 million as of March 31, 2021 from % 426.44 million as of March 31,
2020. This was partially offset by our ICD reconciliation liability of funds held relating to cash burial business
being nil as of March 31, 2021 as compared to 2 151.81 million as of March 31, 2020, on account of amounts
transferred to our customers in relation to our cash burial business.

Other Current Liabilities. Our other current liabilities increased to = 1,688.86 million as of March 31, 2021 from
2 776.38 million as of March 31, 2020, primarily due to an increase in balances due to government authorities to
2 1,044.87 million as of March 31, 2021 from 2 597.33 million as of March 31, 2020, and an increase in
unearned revenue to % 555.82 million as of March 31, 2021 from 2 30.32 million as of March 31, 2020.

Net Worth. Our net worth increased by 12.0% to 25,586.62 million as of March 31, 2021 from

% 4,989.55 million as of March 31, 2020, due to the addition of total comprehensive income in the amount of
2575.03 million in the financial year 2021.

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