kirloskar constructions engineers ltd Management discussions


KIRLOSKAR SYSTEMS LIMITED ANNUAL REPORT 2007-2008 MANAGEMENT DISCUSSION AND ANALYSIS FINANCIAL HIGHLIGHTS During the year under report, your Company has earned income from lease rentals of Rs. 182.28 millions during the year. Company has also made profit of Rs. 234.69 millions from sale of investments. Rs. in Million Particulars 2007-2008 2006-2007 Income earned 460.08 232.93 Expenditure 236.07 199.04 Profit/(Loss) BeforeTax 224.01 33.89 Provision for taxation 30.27 4.21 Profit/ (Loss) After Tax 193.74 29.68 Surplus carried to Balance Sheet 1456.77 1263.03 Earning Per Share (Rs.) Basic & Diluted 10.63 1.63 BUSINESS ACTIVITIES: Your Company during the year completed the construction of Phase I (Tower C) of Kirloskar Business Park. Further development of land is under consideration with various options.