Revenue from operations increased to `200.76 crore in 2017-18 as compared to `199.97 crore in the previous year Profit Before Tax (PBT) increased to `124.37 crore in 2017-18 as compared to `123.27 crore in the previous year. Profit After Tax (PAT) increased to `87.77 crore in 2017-18 as compared to `87.15 crore in the previous year. Net worth of the Company as on March 31, 2018 increased by 13.5% to `579 crore as compared `510 crore a year ago. Earnings Per Share (EPS) of the Company increased to `21.94 in 2017-18 as compared to `21.79 in the previous year. Total Comprehensive Income increased to `87.80 crore in 2017-18 as compared to `86.18 crore in the previous year.  Financial Review Financial Results     Particulars 2017-18 (`crore) 2016-17 (`crore) Income 236.61 236.52 Expenditure 104.94 103.24 Profit Before Depreciation 131.67 133.28 Depreciation 2.64 2.41 Contribution  to Investor Protection Fund (IPF) 4.66 7.60 Profit Before Exceptional Item 124.37 123.27 Exceptional Items 0 0 Profit Before Tax 124.37 123.27 Provision for Deferred Tax (Credit) 0.22 1.62 Provision for Tax 36.38 34.50 Profit After Tax 87.77 87.15 Total Comprehensive Income 87.80 86.18 Appropriation:     Proposed Dividend 10.00 10.00 Tax on Dividend 2.06 2.04 Transfer to General Reserve - 50.00 Surplus Carried to the Balance Sheet 75.74 24.14                                  Results of operations and state of Companys affairs for Financial Year 2017-18 Profit after tax stood at `87.77 crore after making a provision for tax of `36.60 crore. Further, as required under SEBI (Depositories and Participants) Regulations, 1996, 5 percent of profits from depository operations, i.e. `4.66 crore has been set aside to be contributed to the Investor Protection Fund (IPF). No material changes and commitments have occurred after the close of the year till the date of this Report, which affect the financial position of the Company.        

 Conservation of Energy and Technology absorption: As the Company does not have any manufacturing activities, particulars required to be disclosed with respect to the conservation of energy and technology absorption in terms of Section 134(3) (m) of the Companies Act, 2013, are not applicable. The Company has, however, used information technology extensively in its operations.        

Conservation of Energy and Technology absorption:   As the Company does not have any manufacturing activities, particulars required to be disclosed with respect to the conservation of energy and technology absorption in terms of Section 134(3) (m) of the Companies Act, 2013, are not applicable. The Company has, however, used information technology extensively in its operations.      

                         Foreign Exchange earnings/ outgo during the year under review:     Sr. No. Particulars FY 2017-18 (`in lakh) FY 2016-17 (`in lakh) 1 Foreign Exchange Earnings (Miscellaneous) Nil Nil 2 Foreign Exchange Outgo/Expenditure incurred in foreign currency 72.28 57.27            

To the best of their knowledge and belief and according to the information and explanations obtained by them, your Directors make the following statements in terms of  Section 134(3)(c) of the Companies Act, 2013: a)    that in the preparation of the annual accounts for the year ended March 31, 2018, the applicable accounting standards have been followed, along with proper explanation relating to the material departures, if any; b)     that such accounting policies selected and applied them consistently and made judgments and estimates that are reasonable and prudent, so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss of the Company for that period; c)     that proper and sufficient care for the maintenance of adequate accounting records, in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; d)     that they have prepared the annual accounts on a going concern basis; e)     that they have laid down internal financial controls to be followed by the Company and     that such internal financial controls are adequate and were operating effectively; and f)      that they have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.