Revenue from operations

Our revenue from operations increased by % 3,064.76 million, or 20.28%, from % 15,115.31 million in Fiscal 2018
to % 18,180.07 million in Fiscal 2019, primarily as a result of increase in the sale of our products and sale of
services during this period.

Our revenue from operations accounted for 99.26% of our total income in each of Fiscal 2018 and Fiscal 2019.
Revenue from sale of products

Our revenue from sale of products increased by = 1,841.72 million, or 19.86%, from % 9,261.49 million in Fiscal
2018 to 11,103.21 million in Fiscal 2019, primarily as a result of an increase in domestic sales by 18.75% and
an increase in export sales by 27.02%, as discussed below.

Our revenue from sale of products accounted for 60.82 % of our total income in Fiscal 2018, compared to 60.62%
in Fiscal 2019.

Domestic and export mix

Our revenue from domestic sales increased by % 1,497.19 million, or 18.75%, from 2 7,986.40 million in Fiscal
2018 to % 9,483.59 million in Fiscal 2019, primarily as a result of increase in domestic sales to customers in the
Automotive - Powertrain and Others and Automotive - Aluminium Products segments and in product sales in our
Industrial and Engineering segment.

Our revenue from export sales increased by 2 344.53 million, or 27.02%, from 2 1,275.09 million in Fiscal 2018
to = 1,619.62 million in Fiscal 2019, primarily as a result of an increase in export sales in Fiscal 2019.

Sale of Services

Our revenue from sale of services increased by % 808.21 million, or 17.85%, from 2 4,528.57 million in Fiscal
2018 to % 5,336.78 million in Fiscal 2019, primarily as a result of increase in machining charges for the commercial
vehicles, farm equipment and construction sub-segments of the Automotive - Powertrain and Others segment.

Our revenue from sale of services accounted for 29.74% of our total income in Fiscal 2018, compared to 29.14%
in Fiscal 2019.

Other operating revenues

Our other operating revenues increased by 2 414.83 million, or 31.30%, from % 1,325.25 million in Fiscal 2018
to = 1,740.08 million in Fiscal 2019, primarily as a result of an increase in sale of swarf and others and an increase
in EPCG income on fulfilling export obligations and an increase in duty drawbacks.

Our other operating revenues accounted for 8.70% of our total income in Fiscal 2018, compared to 9.50% in Fiscal
2020.

Segment mix

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

 

Particulars Fiscal 2019 Fiscal 2018 Increase in = Increase in %

in million in million million
Automotive - Powertrain and Others 10,084.99 8,708.82 1,376.17 15.80
Automotive - Aluminium Products 3,081.50 2,353.15 728.35 30.95
Industrial and Engineering 5,013.58 4,053.34 960.24 23.69

 

The increase in revenue in each of the aforesaid segments is primarily as a result of growth in our business in such
segment, as a result of an increase in sales towards our customers in our Automotive - Powertrain and Others,
Automotive - Aluminium Products and Industrial and Engineering segments.

Other income

314
