Dear Vipul,
To add further take up initiatives which will impact profits of the company. You can also think of ways to cut unnecessary costs in your department.
For Example - You can impact profits by modifying the recruitment process and thus recruiting innovative, talented people, take up small training sesions on behavioural topics which are most desired by your staff (example- personality development, problem solving etc).Take up initiatives for employee engagement which will again lead to higher productivity of existing workforce.
Some initiatives like SWOT analysis, Generation X and Y study will also add lot of value.
Focus on developing the junior and middle level staff and thus the overall prodcutivity of the firm will go up surely.
Hope this helps.