Atul Ltd 2011-12

101 Consolidated Statement of Profit and Loss for the year ended March 31, 2012 ( ` cr) As per our attached report of even date For and on behalf of the Board of Directors For Dalal & Shah Firm Registration No. 102020W Sunil S Lalbhai Chartered Accountants Chairman & Managing Director G S Patel S S Baijal B S Mehta H S Shah S Venkatesh S M Datta Partner R A Shah Samveg A Lalbhai Membership No. F-037942 T R Gopi Kannan V S Rangan Managing Director Mumbai President, Finance & B N Mohanan Mumbai May 15, 2012 Company Secretary Directors May 15, 2012 Particulars Note 2011-12 2010-11 REVENUE Revenue from operations Sale of products 1,899.60 1,616.68 Sale of services 0.82 1.81 Other operating revenues 20 31.53 23.41 Less: Excise duty 123.73 86.57 1,808.22 1,555.33 Other income 21 11.74 19.69 1,819.96 1,575.02 EXPENSES Cost of materials consumed 22 1,071.66 917.15 Purchase of stock-in-trade 20.01 16.70 Changes in inventories of finished goods, work-in-progress and stock-in-trade 23 (22.66) (31.37) Employee benefit expenses 24 121.66 104.33 Finance costs 25 43.31 26.30 Exchange rate difference (net) (excluding loss considered in Note 25) 11.93 8.87 Depreciation and amortisation expenses 11 44.02 38.64 Other expenses 26 399.96 365.63 1,689.89 1,446.25 Profit before exceptional items and tax 130.07 128.77 Exceptional items Gain on settlement of long-term export advance - 8.20 Recovery of advance written off in earlier years - 1.90 - 10.10 Profit before tax 130.07 138.87 Tax expenses Current tax 35.29 42.62 Deferred tax (0.27) 0.47 Add: Tax adjustments for the earlier years 0.01 6.11 35.03 49.20 Profit after tax 95.04 89.67 Share of profit |(loss) in associate companies (4.19) 0.54 Minority interest (0.25) (0.04) Profit for the year 91.10 90.25 Basic and diluted earning ` per Equity Share 27.7 30.71 30.43 Notes form an integral part of these financial statements