Atul Ltd 2008-09

24 Financial analysis Accounting policy The Company follows the mercantile system of accounting and recognises income and expenditure on an accrual basis except those with significant uncertainties. Highlights of the year Operating revenues grew by 17% to Rs1181 crores EBIDTA increased by 18% to Rs118 crores Borrowings decreased by 14% to Rs368 crores Profit after tax remained unchanged at Rs36 crores mainly because of higher tax and provision for adverse exchange rates Working capital decreased by 12% to Rs313 crores Revenues The Company registered 17% growth in operating revenues primarily owing to an increased focus on growing the share of value-added products and brand sales in the total revenues. Revenue analysis Colors segment Specialty & Other Chemicals segment Aromatics Operating revenues (Rs crores): 302 % growth over the previous year: 39 % share as a part of the Company revenues: 26 Export (Rs crores): 200 % of export growth over the previous year: 44 Bulk Chemicals & Intermediates Operating revenues (Rs crores): 81 % growth over the previous year: 13 % share as a part of the Company revenues: 7 Export (Rs crores): 18 % of export growth over the previous year: 51 Colors Operating revenues (Rs crores): 262 % growth over the previous year: 1 % share as a part of the Company revenues: 22 Export (Rs crores): 118 % of export growth over the previous year: (15) Crop Protection Operating revenues (Rs crores): 250 % growth over the previous year: 22 % share as a part of the Company revenues: 21 Export (Rs crores): 145 % of export growth over the previous year: 36 Pharma & Intermediates Operating revenues (Rs crores): 74 % growth over the previous year: 12 % share as a part of the Company revenues: 6 Export (Rs crores): 59 % of export growth over the previous year: 12 Polymers Operating revenues (Rs crores): 194 % growth over the previous year: 1 % share as a part of the Company revenues: 16 Export (Rs crores): 35 % of export growth over the previous year: (28)