(In Lakhs) 2015 2014

EQUITY AND LIABILITIES

Shareholders Funds
Share capital 1,250,000 1,250,000
Reserves and surplus 3,506,443 4,470,295
Deferred government grant 28,497 33,037
### ###
Non-current liabilities
Long term borrowings 5,619 72,000
Other long term liabilities 344,477 330,074
Long term provisions 28,438 85,532
378,534 487,606
Current liabilities
Short term borrowings 632,871 373,853
Trade payables 828,914 870,657
Other current liabilities 734,591 682,363
Short term provisions 63,980 67,459
### ###

TOTAL ### ###

ASSETS
Non Current Assets
Fixed Assets
- Tangible asse 3,522,316 4144428
- Intangible asse 863184 917677
- Capital work-in-progre 327914 386917
- Intangible assets under developme 0 923
### 5449945
Non-current investments 20,000 20,000
Deferred tax assets (net) 84,706 23,773
Long-term loans and advances 843,152 532,684
### ###
Current Assets
Inventories 369,688 354,728
Trade receivables 232,660 276,258
Cash and Bank balances 122,477 93,195
Short-term loans and advances 69,135 76,344
Other current assets 911,286 1,321,806
### ###
Intra/Inter circle remittances 57,312 86,537

TOTAL ### ###

 2013 2012 2011

1,250,000 1,250,000 1,250,000

5,076,240 5,867,102 6,756,875
37,633 0 0
6,363,873 7,117,102 8,006,875

170,318 170,318 98,318

403,725 426,257 452,605
687,008 627,981 583,098
1,261,051 1,224,556 1,134,021

256,114 132,047 72,000

950,092 984,668 1,139,305
684,617 678,929 622,374 1,627,485 1,620,479 1,687,893
53,184 46,231 121,231
1,944,007 1,841,875 1,954,910

9,568,931 10,183,533 11,095,806

4,555,753 5,006,679 5,516,005

1,528,885 1,620,053 1,713,231
369,600 422,705 523,412
1,462 2,043 1,267
6,455,700 7,051,480 7,753,915
657,511 601,352 550,141
13,330 6,238 9,215
684,728 650,476 74,637
7,811,269 8,309,546 8,387,908

377,209 359,678 394,824

295,339 396,218 443,181
116,125 188,509 250,008
92,617 114,142 124,391
773,914 691,825 1,342,745
1,655,204 1,750,372 2,555,149
102,458 123,615 152,749

9,568,931 10,183,533 11,095,806

1,709,828 1,882,910
(In Lakhs)
2015 2014 2013
REVENUE
Revenue from operations 2,724,223 2,615,326 2,565,481
Other income 140,297 184,309 147,308
Total revenue ### ### ###

EXPENSES
Employee benefits expense 1,496,350 1,543,584 1,375,782
Finance costs 50,189 21,799 35,147
Depreciation and amortisation expense 881,680 602,317 833,643
Other expenses
Administrative, operating and other expenses 1,083,959 1,100,930 1,040,235
License and spectrum fee 217,032 224,330 205,236
Total expenses ### ### ###

Loss before prior period items and tax -864,690 -693,325 -777,254
Prior period items (net) -19,652 -19,094 -18,282
Loss before tax -884,342 -712,419 -795,536

Tax benefit
Deferred tax benefit 60,933 10,443 7,092
Loss for the year -823,409 -701,976 -788,444

Earnings per equity share

Basic and diluted (nominal value of shares Rs10) -16.47 -14.04 -15.77
 2012 2011

2,598,213 2,704,471
195,137 264,291
### ###

1,340,604 1,379,095
18,412 39,439
917,432 972,543

1,029,391 1,012,013
352,772 197,172
### ###

-865,261 -631,500
-16,832 -26,479
-882,093 -657,979 EBIT -834,153 -690,620 -760,389 -863,681

-2,977 19,553
-885,070 -638,426

-17.7 -12.77
-618,540
Liquidity Ratios
2015
Current ratio
Current Assets 1,705,246
Current liabilities 2,260,356
Current Ratio 0.754

Acid Test Ratio

Quick Assets
- Current assets - Stock - Prepaid expenses
Current Assets 1,705,246
Stock 369,688
Prepaid expenses -
Quick Assets 1,335,558
Current liabilities 2,260,356
0.591

Debtors Turnover Ratio

Net Sales 2,724,223
Average Debtors 254459
10.706

Cash flow from Operations Ratio

Cash flow from Operations 60,023
Current liabilities 2,260,356
0.027

Leverage Capital Structure ratios

Debt-equity ratio
Total Debt 2,265,975
Shareholder's equity 4,784,940
0.474

Debt to assets ratio

Total liabilities 2,638,890
Total assets 7,423,830
0.355

Equity to assets ratio

Total equity 4,784,940
Total assets 7,423,830
0.645

Interest coverage ratio

EBIT -834,153
Interest 50,189
-

Profitability ratios

Net profit margin

Net Profit(PAT) -823,409
Net Sales 2,724,223
-0.302

Return on investment

Return on assets
EBIT -834,153
Less: tax -
EBIT(1-t) -834,153
Average total assets 7,829,550
-0.107

Return on capital employed

EBIT(1-t) -834,153
Average total capital employed
- closing capital employed 5,423,430
- opening capital employed 6,199,185
Average total capital employed 5,811,308
Ratio -0.144

Return on total shareholder's equity

PAT -823,409
- Closing total shareholder's equity(eq+pref+R&S) 4,756,443
- Opening total shareholder's equity(Eq+pref+R&S) 5,720,295
Average total shareholder's equity 5,238,369
Ratio -0.157

Operating profit margin

EBIT -834,153
Net Sales 2,724,223
Ratio -0.306

Efficiency ratios

Average Collection period

No. of days in a year 365
Debtors turnover ratio 10.71
Average Collection period 34.09

Asset turnover ratio

Sales 2,724,223
Average Total Assets 7,829,550
0.35

Some other ratios

Earnings per share

Loss after tax -82,340,900,000
Number of equity shares outstanding 5,000,000,000
Basic & Diluted earnings per share -16.47

Book value per share

Ordinary Shareholder's equity 400,644,300,000
Number of equity shares outstanding 5,000,000,000
Book value per share 80.13

Du-Pont Analysis
ROA -0.107
Operating profit margin(net of tax) -0.306
Assets turnover ratio 0.348
-0.107

ROE -0.157
Net profit margin -0.302
Assets turnover ratio 0.348
Equity multiplier
- Total average assets 7,829,550
- Total average equity 5,238,369
Equity multiplier 1.495
-0.157
 2014 2013 2012 2011

2,122,331 1,655,204 1,750,372 2,555,149

1,994,332 1,944,007 1,841,875 1,954,910
1.064 0.851 0.950 1.307

2,122,331 1,655,204 1,750,372 2,555,149

354,728 377,209 359,678 394,824
- - - -
1,767,603 1,277,995 1,390,694 2,160,325
1,994,332 1,944,007 1,841,875 1,954,910
0.886 0.657 0.755 1.105

2,615,326 2,565,481 2,598,213 2,704,471

285798.5 345778.5 419699.5 458819
9.151 7.419 6.191 5.894

165,145 63,543 82,028 -1,782,323

1,994,332 1,944,007 1,841,875 1,954,910
0.083 0.033 0.045 -

2,066,332 2,114,325 2,012,193 2,053,228

5,753,332 6,363,873 7,117,102 8,006,875
0.359 0.332 0.283 0.256

2,481,938 3,205,058 3,066,431 3,088,931

8,235,270 9,568,931 10,183,533 11,095,806
0.301 0.335 0.301 0.278

5,753,332 6,363,873 7,117,102 8,006,875

8,235,270 9,568,931 10,183,533 11,095,806
0.699 0.665 0.699 0.722
 -690,620 -760,389 -863,681 -618,540
21,799 35,147 18,412 39,439
- - - -

-701,976 -788,444 -885,070 -638,426

2,615,326 2,565,481 2,598,213 2,704,471
-0.268 -0.307 -0.341 -0.236

-690,620 -760,389 -863,681 -618,540

- - - -
-690,620 -760,389 -863,681 -618,540
8,902,101 9,876,232 10,639,670 12,372,185
-0.078 -0.077 -0.081 -0.050

-690,620 -760,389 -863,681 -618,540

6,199,185 6,790,305 7,419,467 8,177,193

6,790,305 7,419,467 8,177,193 8,800,936
6,494,745 7,104,886 7,798,330 8,489,065
-0.106 -0.107 -0.111 -0.073

-701,976 -788,444 -885,070 -638,426

5,720,295 6,326,240 7,117,102 8,006,875
6,326,240 7,117,102 8,006,875 8,647,566
6,023,268 6,721,671 7,561,989 8,327,221
-0.117 -0.117 -0.117 -0.077

-690,620 -760,389 -863,681 -618,540

2,615,326 2,565,481 2,598,213 2,704,471
-0.264 -0.296 -0.332 -0.229

365 365 365 365

9.15 7.42 6.19 5.89
 39.89 49.20 58.96 61.92

2,615,326 2,565,481 2,598,213 2,704,471

8,902,101 9,876,232 10,639,670 12,372,185
0.29 0.26 0.24 0.22

-70,197,600,000 -78,844,400,000 -88,507,000,000 -63,842,600,000

5,000,000,000 5,000,000,000 5,000,000,000 5,000,000,000
-14.04 -15.77 -17.70 -12.77

497,029,500,000 557,624,000,000 636,710,200,000 725,687,500,000

5,000,000,000 5,000,000,000 5,000,000,000 5,000,000,000
99.41 111.52 127.34 145.14

-0.078 -0.077 -0.081 -0.050

-0.264 -0.296 -0.332 -0.229
0.294 0.260 0.244 0.219
-0.078 -0.077 -0.081 -0.050

-0.117 -0.117 -0.117 -0.077

-0.268 -0.307 -0.341 -0.236
0.294 0.260 0.244 0.219

8,902,101 9,876,232 10,639,670 12,372,185

6,023,268 6,721,671 7,561,989 8,327,221
1.478 1.469 1.407 1.486
-0.117 -0.117 -0.117 -0.077
Ideal Ratio - 2:1

Ideal Ratio - 1:1