Year End Mar-2015 Mar-2014 Mar-2013 Mar-2012in INR Lakhs

Share Capital 57,200 28,600 28,600 28,600 Share Warrants & Outstandings 200 - - - Share Warrants - - - - Total Reserve 5,016,200 4,424,400 3,770,800 3,104,600 Shareholder's Funds 5,073,600 4,453,000 3,799,400 3,133,200 Minority Interest - - - - Secured Loans - - - - Unsecured Loans 5,000 40,500 18,200 12,300 Total Debts 5,000 40,500 18,200 12,300

Total Liabilities 5,078,600 4,493,500 3,817,600 3,145,500

APPLICATION OF FUNDS :Gross Block 1,781,600 1,395,000 1,138,100 919,400 Less: Accumulated Depreciation 647,000 557,200 424,200 363,900 Less: Impairment of Assets - - - - Lease Adjustment A/c - - - - Capital Work in Progress 77,600 96,100 114,000 59,000 Pre-operative Expenses pending - - - - Assets in transit - - - - Investments 726,100 694,400 397,900 205,400 Current Assets, Loans & AdvancesInventories - - - - Sundry Debtors (Debtors) 971,300 835,100 708,300 588,200 Cash and Bank 3,036,700 2,595,000 2,183,200 2,059,100 Other Current Assets 348,800 323,900 263,600 265,400 Loans and Advances 280,200 251,400 205,300 76,600 Total Current Assets 4,637,000 4,005,400 3,360,400 2,989,300 Less : Current Liabilities and ProvisionsCurrent Liabilities 706,000 562,200 413,000 308,200 Provisions 844,300 640,900 396,900 382,000

Total Current Liabilities 1,550,300 1,203,100 809,900 690,200 Net Current Assets 3,086,700 2,802,300 2,550,500 2,299,100 Miscellaneous Expenses not written - - - - Deferred Tax Assets / Liabilities 53,600 62,900 41,300 26,500

Total Assets 5,078,600 4,493,500 3,817,600 3,145,500

Source: Aceanalyser

Mar-2011 Mar-2010 Mar-2009 Mar-2008 Mar-2007 Mar-2006in INR Lakhs

28,600 28,600 28,600 28,600 28,600 13,800 - - - - - ### - - - - - ### 2,569,000 2,276,300 1,796,800 1,350,900 1,096,900 682,800 2,597,600 2,304,900 1,825,400 1,379,500 1,125,500 696,600 - - - - 400 6,800 - - - - - ### 9,300 - - - - ### 9,300 - - - - ### 2,606,900 2,304,900 1,825,400 1,379,500 1,125,900 703,400

850,100 783,900 709,300 543,900 464,200 298,300 326,600 289,300 241,600 198,600 183,600 132,800 - - - - - ### - - - - - ### 26,400 40,900 67,700 132,400 96,500 57,100 - - - - - ### - - - - - ### 161,000 370,200 - 7,200 2,500 75,500

- - - - - ### 465,300 349,400 367,200 329,700 243,600 160,800 1,666,600 1,055,600 969,500 695,000 583,400 342,900 138,100 99,400 79,100 70,100 42,600 25,400 116,300 320,300 248,800 207,000 82,500 104,300 2,386,300 1,824,700 1,664,600 1,301,800 952,100 633,400

258,400 234,300 200,400 172,200 146,900 93,400 264,000 211,200 186,800 246,900 68,100 141,200 522,400 445,500 387,200 419,100 215,000 234,600 1,863,900 1,379,200 1,277,400 882,700 737,100 398,800 - - - - - ### 32,100 20,000 12,600 11,900 9,200 6,500 2,606,900 2,304,900 1,825,400 1,379,500 1,125,900 703,400

Year End Mar-2015 Mar-2014 Mar-2013 Mar-2012in INR Lakhs

Operating Income 5,331,900 5,013,300 4,035,200 3,373,400 EXPENDITURE :

Stock Adjustments - - - - Raw Materials Consumed - - - - Power & Fuel Cost 21,900 21,900 21,500 18,400 Employee Cost 2,980,200 2,883,100 2,256,500 1,834,000 Cost of Software developments 321,500 293,300 223,600 143,100 Operating Expenses 34,400 22,400 168,000 124,000 General and Administration Expenses 426,500 402,400 174,600 151,800 Selling and Marketing Expenses 15,800 8,800 17,100 15,300 Miscellaneous Expenses 43,300 42,400 20,100 14,100 Less: Pre-operative Expenses Capitali - - - - Total Expenditure 3,843,600 3,674,300 2,881,400 2,300,700 PBIDT (Excl OI) 1,488,300 1,339,000 1,153,800 1,072,700 Other Income 343,000 266,400 236,500 190,400 Operating Profit 1,831,300 1,605,400 1,390,300 1,263,100 Interest 1,200 900 500 400 Gross Profits 1,830,100 1,604,500 1,389,800 1,262,700 Depreciation 101,700 131,700 109,900 92,800 Profit Before Taxation & Exceptional It 1,728,400 1,472,800 1,279,900 1,169,900 Exceptional Income / Expenses - - - - Profit Before Tax 1,728,400 1,472,800 1,279,900 1,169,900 Provision for Tax 491,100 407,200 337,000 336,700 PAT 1,237,300 1,065,600 942,900 833,200 Minority Interest - - - - Appropriations 4,384,600 3,671,000 2,976,700 2,430,700 Dividend(%) 1,190 1,260 840 940 EPS 108 186 165 146 Book Value 443 779 664 548 Source: Aceanalyser

Mar-2011 Mar-2010 Mar-2009 Mar-2008 Mar-2007 Mar-2006in INR Lakhs

2,750,100 2,274,200 2,169,300 1,669,200 1,389,300 952,100

- - - - - ### - - - - - ### 16,700 14,500 14,700 12,200 9,700 6,800 1,485,600 1,207,500 1,124,500 885,300 710,800 479,700 109,200 72,500 75,700 51,600 51,800 33,300 97,200 75,500 106,600 85,000 70,700 51,400 126,400 99,600 102,900 88,000 75,700 57,600 12,000 9,300 10,200 10,000 21,100 11,000 6,000 9,200 59,000 13,400 10,500 12,500 - - - - - ### 1,853,100 1,488,100 1,493,600 1,145,500 950,300 652,300 897,000 786,100 675,700 523,700 439,000 299,800 121,100 94,500 91,400 70,600 37,200 23,200 1,018,100 880,600 767,100 594,300 476,200 323,000 200 200 300 100 100 ### 1,017,900 880,400 766,800 594,200 476,100 322,900 85,400 90,500 76,100 59,800 51,400 43,700 932,500 789,900 690,700 534,400 424,700 279,200 - - - - - ### 932,500 789,900 690,700 534,400 424,700 279,200 249,000 168,100 91,900 68,500 38,600 31,300 683,500 621,800 598,800 465,900 386,100 247,900 - - - - (1,100) (2,100) 2,122,200 1,682,600 1,281,500 960,000 607,000 387,300 1,200 500 470 665 230 900 119 109 105 81 67 89 454 403 319 241 197 252

Horizontal Analysis Mar-2015 Mar-2014 Mar-2013Revenue Growth 6.4% 24.2% 19.6%EBITDA growth 11.2% 16.1% 7.6%Operating profit growth 26.0% 24.1% 25.9%PAT growth 16.1% 13.0% 13.2%

Common sizeRaw Materials Consumed 0.0% 0.0% 0.0%Power & Fuel Cost 0.4% 0.4% 0.5%Employee Cost 55.9% 57.5% 55.9%Cost of Software developments 6.0% 5.9% 5.5%Operating Expenses 0.6% 0.4% 4.2%General and Administration Expenses 8.0% 8.0% 4.3%Selling and Marketing Expenses 0.3% 0.2% 0.4%Miscellaneous Expenses 0.8% 0.8% 0.5%

Fixed assets as a percentage of total asse 23.9% 20.8% 21.7%Sundry Debtors (Debtors) 19.1% 18.6% 18.6%Cash and Bank 59.8% 57.8% 57.2%Other Current Assets 6.9% 7.2% 6.9%Loans and Advances 5.5% 5.6% 5.4%

Ratio analysisProfitability

EBITA Margin 27.9% 26.7% 28.6%Operating profit margin 26.0% 24.1% 25.9%Net profit margin 23.2% 21.3% 23.4%ROA 24.4% 23.7% 24.7%ROE 24.4% 23.9% 24.8%ROCE 27.3% 26.9% 27.3%Effective tax rate 28.4% 27.6% 26.3%

EfficiencyFixed assets turnover 4.70 5.98 5.65Total Assets turnover 1.05 1.12 1.06Inventory turnover #DIV/0! #DIV/0! #DIV/0!AR turnover 5.49 6.00 5.70

Working capital managementCurrent ratio 2.99 3.33 4.15Non Cash Current ratio 1.03 1.17 1.45Quick ratio 2.99 3.33 4.15Days sales outstanding 66.49 60.80 64.07Inventory days 0.00 0.00 0.00Payable days 48.33 40.93 37.36Cash coversion cycle 18.16 19.87 26.71Working capital to sales 16.8% 16.9% 18.9%

SolvencyDebt equity 0.00 0.01 0.00Debt to total capital 0.00 0.01 0.00Interest coverage 1155.50 1341.44 2087.80

Market positionPE ratio 20.93 21.93 22.93Book value 443.48 778.50 664.23Dividend rate 1190 1260 840

DUPONTProfit margin 23.2% 21.3% 23.4%Asset turnover 1.05 1.12 1.06Equity multiplier 1.00 1.01 1.00

Trend analysisOperating Income 560.01 526.55 423.82PAT 499.11 429.85 380.35Employee Cost 621.26 601.02 470.40Cost of Software developments 965.47 880.78 671.47Operating Expenses 66.93 43.58 326.85General and Administration Expenses 740.45 698.61 303.13Selling and Marketing Expenses 143.64 80.00 155.45Miscellaneous Expenses 346.40 339.20 160.80

CAGR Of revenue 21.1%Profit 19.6%

Mar-2012 Mar-2011 Mar-2010 Mar-2009 Mar-2008 Mar-2007 Mar-200622.7% 20.9% 4.8% 30.0% 20.1% 45.9%19.6% 14.1% 16.3% 29.0% 19.3% 46.4%29.0% 29.5% 30.6% 27.6% 27.8% 27.9%21.9% 9.9% 3.8% 28.5% 20.7% 55.7%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%0.5% 0.6% 0.6% 0.7% 0.7% 0.7% 0.7%

54.4% 54.0% 53.1% 51.8% 53.0% 51.2% 50.4%4.2% 4.0% 3.2% 3.5% 3.1% 3.7% 3.5%3.7% 3.5% 3.3% 4.9% 5.1% 5.1% 5.4%4.5% 4.6% 4.4% 4.7% 5.3% 5.4% 6.0%0.5% 0.4% 0.4% 0.5% 0.6% 1.5% 1.2%0.4% 0.2% 0.4% 2.7% 0.8% 0.8% 1.3%

19.5% 21.1% 23.2% 29.3% 34.6% 33.5% 31.6%18.7% 17.8% 15.2% 20.1% 23.9% 21.6% 22.9%65.5% 63.9% 45.8% 53.1% 50.4% 51.8% 48.7%

8.4% 5.3% 4.3% 4.3% 5.1% 3.8% 3.6%2.4% 4.5% 13.9% 13.6% 15.0% 7.3% 14.8%

31.8% 32.6% 34.6% 31.1% 31.4% 31.6% 31.5%29.0% 29.5% 30.6% 27.6% 27.8% 27.9% 26.9%24.7% 24.9% 27.3% 27.6% 27.9% 27.8% 26.0%26.5% 26.2% 27.0% 32.8% 33.8% 34.3% 35.2%26.6% 26.3% 27.0% 32.8% 33.8% 34.3% 35.6%31.2% 31.1% 30.2% 32.8% 33.6% 34.4% 36.8%28.8% 26.7% 21.3% 13.3% 12.8% 9.1% 11.2%

6.07 5.25 4.60 4.64 4.83 4.95 5.751.07 1.05 0.99 1.19 1.21 1.23 1.35

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!5.74 5.91 6.51 5.91 5.06 5.70 5.92

4.33 4.57 4.10 4.30 3.11 4.43 2.701.35 1.38 1.73 1.80 1.45 1.71 1.244.33 4.57 4.10 4.30 3.11 4.43 2.70

63.64 61.76 56.08 61.78 72.09 64.00 61.640.00 0.00 0.00 0.00 0.00 0.00 0.00

33.35 34.30 37.60 33.72 37.65 38.59 35.8130.30 27.46 18.47 28.07 34.44 25.41 25.84

18.4% 16.8% 23.5% 22.8% 26.0% 16.0% 20.7%

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

2449.75 4058.00 3478.00 1998.67 4639.00 3876.00 2561.00

23.93 24.93 25.93 26.93 27.93 28.93 29.93547.76 454.13 402.95 319.13 241.17 196.77 252.39

940 1200 500 470 665 230 900

24.7% 24.9% 27.3% 27.6% 27.9% 27.8% 26.0%1.07 1.05 0.99 1.19 1.21 1.23 1.351.00 1.00 1.00 1.00 1.00 1.00 1.01

354.31 288.85 238.86 227.84 175.32 145.92 100336.10 275.72 250.83 241.55 187.94 155.75 100382.32 309.69 251.72 234.42 184.55 148.18 100429.73 327.93 217.72 227.33 154.95 155.56 100241.25 189.11 146.89 207.39 165.37 137.55 100263.54 219.44 172.92 178.65 152.78 131.42 100139.09 109.09 84.55 92.73 90.91 191.82 100112.80 48.00 73.60 472.00 107.20 84.00 100

865%

Mar-2006

Operating Revenue

1%

78%

8%1%11% 0% 1%

Analysis of Expenses as Percentage of Revenue for FY 2015

Raw Materials Consumed

Power & Fuel Cost

Employee Cost

Cost of Software developments

Operating Expenses

General and Administration Expenses

Selling and Marketing Expenses

Miscellaneous Expenses

PAT Operating Income

Operating Revenue

1%

78%

8%1%11% 0% 1%

Analysis of Expenses as Percentage of Revenue for FY 2015

Raw Materials Consumed

Power & Fuel Cost

Employee Cost

Cost of Software developments

Operating Expenses

General and Administration Expenses

Selling and Marketing Expenses

Miscellaneous Expenses

Revenue GrowthEBITDA growthOperating profit growthPAT growth

PAT Operating Income

Revenue GrowthEBITDA growthOperating profit growthPAT growth