SUSTAINABILITY REPORT 2013-15

People Overview Self Managed Teams Mechanisation Safety Overview The Parivartan     Journey Progress on     Roadmap Incident Statistics Robust Governance Standardised     Processes Enhanced Awareness Capability Building Safety Infrastructure Safety Audits Quality Overview Top-down    Accountability Quality by Design Quality Culture     Transformation Quality Assurance Quality     Best Practices All Time Audit     Readiness Availability Overview Strategic Sourcing Risk Management Product    Rationalisation Success stories Environment Overview Roadmap Energy Management Emissions Water Waste Case Study KPIs Community Overview Focus Areas Education Livelihoods Healthcare Infrastructure     Initiatives Creating Change     Makers Productivity Overview Productivity Streams Case Study PACE Update Initiatives Engineering Excellence Overview Digitisation Automation Mechanisation Lean Manufacturing Capital Equipment Strategy Predictive Maintenance Continuous Improvement Overview Continuous     Improvement     at Work Best Practices Annexures GRI Index Acronyms Assurance Statement   Summary Report     ECONOMIC PERFORMANCE FINANCIALS Highlights    |    Economic Value Generated    |    Economic Value Distributed    |    Reinforcing Revenues    |    Local Leverage Economic Value Distributed The economic value shared with our various stakeholders during the reporting period is as follows: Personnel People are the engines of our business and deserve a fair share of our profits. In the reporting period, an increasing number of employees were roped in at attractive pay packages and performing employees were rewarded with handsome increments.   ₹ Million     FY12-13   FY13-14   FY14-15 Total personnel cost (Including R&D)   20,413   24,937   28,967 % of sales   17.55   18.67   19.55 Total pay out per employee   1.23   1.35   1.46 No. of employees   16,617   16,342   17,960   Personnel Cost ₹ Million   Society At the base of our philosophy to give back to society, is our duty to pay all our dues to the government. The amount of tax paid is a direct reflection of the amount of value generated.   ₹ Million     FY12-13   FY13-14   FY14-15 Excise duty   1,348   1,382   1,572 Income tax paid   4,990   5,094   5,984 Sales tax   1,172   1,192   1,307 Dividend tax   433   520   694 Total taxes paid   7,943   8,188   9,557   Total Taxes Paid ₹ Million   Suppliers In the reporting period, as our production increased, so did our expenditure on material and services.   ₹ Million     FY12-13   FY13-14   FY14-15 Material (A)   35,168   33,171   37,864 Services   16,429   NA   NA Total   51,597   33,171   37,864 Material % of revenue   30%   25%   25% Capital expenditure on property, plant and equipment (B)   6,606   9,996   9,167 Total (A+B)   41,774   43,167   47,031   Material + Capital Expenditure ₹ Million