 

Segments Mine months ended Fiscal 2020 Fiscal 2019 Fiscal 2018
December 31, 2020

Capital %ofthe Capital © %ofthe Capital © %ofthe Capital —-% of the
expenditur segmenta expenditur segmenta expenditure segment expenditur segmenta

e(in%  Irevenue e(in&_—_—Irevenue (in? al e(int revenue
million)* million) million) revenue __ million)
Total 463.19 453 1,136.73 7.62 4,333.16 23.83 1,448.03 9.58

 

* Excludes unallocated capital expenditure

EBITDA, EBITDA Margin and ROCE are non-GAAP financial measures relating to our operations and financial
performance which we consider to be useful measures of our business and financial performance. These are not
measurements of financial profitability or liquidity under Ind AS and should not be considered as an alternative
to performance measures derived in accordance with Ind AS.

We make no representations as to the methodologies used to define and/or calculate EBITDA, EBITDA Margin
and ROCE or whether these reflect an appropriate measure of our Company’s operating performance.

In addition, these are not standardized terms, hence a direct comparison between companies using such a term
may not be possible. Our use of these non GAAP measures thus has limitations as an analytical tool, and you
should not consider them either in isolation or as a substitute for analysis of our financial results as reported under
Ind AS. Because of these and other limitations, you should consider these non GAAP measures along with other
Ind AS-based financial performance measures, including various cash flow metrics, profit after tax, and our Ind
AS financial results.

Components of Income and Expenditure

Total Income

Our total income comprises our revenue from operations and other income.

Revenue from operations

Our revenue from operations comprises sale of products, sale of services, and other operating revenues.

Our revenue from sale of products accounted for 67.48%, 65.74%, 60.62% and 60.82% of our total income for
the nine months ended December 31, 2020 and Fiscals 2020, 2019 and 2018, respectively. Our revenue from sale
of products comprises revenues from products sold domestically and to export customers. Our revenue from sale
of services (comprising machining and services charges) accounted for 24.07%, 25.68%, 29.14% and 29.74% of
our total income for the nine months ended December 31, 2020 and Fiscals 2020, 2019 and 2018, respectively.

Our other operating revenues accounted for 7.76%, 8.00%, 9.50% and 8.70% of our total income for the nine
months ended December 31, 2020 and Fiscals 2020, 2019 and 2018, respectively. Our other operating revenues
comprise revenue from sale of swarf (being scrap metal and aluminium parts resulting from our machining and
other manufacturing process), duty drawback, EPCG income on fulfilling export obligations and export incentive
under the Merchandise Exports from India scheme resulting from our export sales.

 

Particulars Nine months ended Fiscal 2020 Fiscal 2019 Fiscal 2018
December 31, 2020
in? % of in? % of in? % of int % of
million revenue million revenue _million revenue million —_revenue
from from from from
operati operatio operatio operati
ons ns ns ons
Domestic 5,943.00 58.11 8,475.39 56.79 9,483.59 52.16 7,986.40 52.84
Sales
Export Sales 1,006.86 9.84 1,393.23 9.34 1,619.62 8.91 1,275.09 8.44
Total Sale of 6,949.86 67.95 9,868.62 66.12 11,103.21 61.07 9,261.49 61.28
products (A)
Sale of 2,478.95, 24.24 3,855.01 25.83 5,336.78 29.36 4,528.57 29.96
services (B)
Other 799.06 7.81 1,201.02 8.05 1,740.08 9.57 1,325.25 8.77
operating

revenues (C)

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