annual-report-FY2021

142 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Trade Receivable st Trade Receivable is Rs. 2,343 crores as at 31 March, 2021, st as compared to Rs. 2,999 crores as at 31 March, 2020. Also, as a percentage of revenue from sales of products and st services, trade receivable is lower at 5.3% as at 31 March, Income RESULTS OF OPERATIONS Particulars 43,303 994 744 43,922 976 590 45,041 45,488 1,221 1,668 96.1 2.2 1.7 96.6 2.1 1.3 100.0 100.0 2.7 3.7 (1.4) 1.8 26.1 (1.0) (26.8) 2021 Amount Amount % % % Inc./(Dec.) 2020 Sales of products Sale of services Other operating revenue Revenue from operations Other income (Rs. in crores) Revenue from Operations and Other Income Revenue fromoperations of the Companymarginally decreased by 1.0%as compared to the previous year. st Other income during the year ended 31 March, 2021 at Rs. 1,221 crores is lower than Rs. 1,668 crores earned in the previous year mainly on account of lower dividend income during 2020-21 as compared to 2019-20. Particulars 31,613 2,859 371 2,233 4,063 41,139 70.2 6.3 0.8 5.0 9.0 91.3 31,633 2,880 113 2,223 5,177 42,026 69.5 6.3 0.2 4.9 11.4 92.3 (0.1) (0.7) 228.3 0.5 (21.5) (2.1) 2021 Amount Amount % to Revenue from Operations % to Revenue from Operations % Inc./(Dec.) 2020 Material costs Employee benets expense Finance costs Depreciation, amortisation and impairment expense Other expenses Total expenses Expenditure The total expenditure during the year as a percentage of revenue is 91.3% as compared to 92.3% in the previous year. The reduction is a reection of the cost management initiatives undertaken by the Company. Material Cost Thematerial cost as a percentage of revenue has increased from 69.5% in the previous year to 70.2% in the current year mainly on account of commodity price ination and BS-VI impact. (Rs. in crores) 2021, as compared to 6.7% for the previous year mainly on account of signicant improvements in credit management process across divisions supplemented by better collection efforts.