Atul Ltd 2017-18

155 Consolidated Statement of Profit and Loss for the year ended March 31, 2018 ( ` cr) Particulars Note 2017-18 2016-17 Income Revenue from operations 22 3,337.92 2,996.05 Other income 23 25.91 52.55 Total income 3,363.83 3,048.60 Expenses Cost of materials consumed 24 1,734.88 1,397.28 Purchases of stock-in-trade 15.84 27.40 Changes in inventories of finished goods, work-in-progress and stock-in-trade 25 52.75 10.80 Excise duty 42.15 162.11 Employee benefit expenses 26 213.38 200.14 Finance costs 27 12.74 25.17 Depreciation and amortisation expenses 2, 4 110.38 95.44 Other expenses 28 773.73 688.87 Total expenses 2,955.85 2,607.21 Profit before share of net profit of investments accounted for using equity method and tax 407.98 441.39 Share of net profit of joint venture company accounted for using the equity method 4.23 4.67 Profit before tax 412.21 446.06 Tax expense Current tax 29.5 108.16 87.11 Deferred tax 29.5 22.81 35.60 Total tax expense 130.97 122.71 Profit for the year 281.24 323.35 Other Comprehensive Income a) Items that will not be reclassified to profit | loss i) Fair value of equity instruments through Other Comprehensive Income (FVOCI) 37.28 77.36 ii) Remeasurement gain | (loss) on defined benefit plans 2.72 2.44 iii) Income tax related to item no (ii) above (0.95) (0.84) iv) Share of Other Comprehensive Income of joint venture company accounted for using the equity method (net of tax) (0.01) (0.02) b) Items that will be reclassified to profit | loss i) Effective portion of gain | (loss) on cash flow hedges 0.05 (0.73) ii) Income tax related to item no (i) above (0.02) 0.25 iii) Exchange differences on translation of foreign operations 5.06 4.45 Other Comprehensive Income, net of tax 44.13 82.91 Total Comprehensive Income for the year 325.37 406.26 Profit is attributable to: Owners of the Company 276.48 322.97 Non-controlling interests 4.76 0.38 281.24 323.35 Other Comprehensive Income is attributable to: Owners of the Company 44.13 82.90 Non-controlling interests – 0.01 44.13 82.91 Total Comprehensive Income is attributable to: Owners of the Company 320.61 405.87 Non-controlling interests 4.76 0.39 325.37 406.26 Earnings per equity share attributable to owners of the Company Basic and diluted earnings ` per equity share of ` 10 each 29.11 94.82 109.01 The accompanying Notes 1-29 form an integral part of the Consolidated Financial Statements In terms of our report attached For Deloitte Haskins & Sells LLP Chartered Accountants R A Shah S S Baijal B S Mehta H S Shah S M Datta V S Rangan M M Chitale S A Panse B R Arora Directors For and on behalf of the Board of Directors S S Lalbhai Chairman and Managing Director S A Lalbhai Managing Director Mumbai April 27, 2018 Samir R. Shah Partner Mumbai April 27, 2018 T R Gopi Kannan Whole-time Director and CFO L P Patni Company Secretary B N Mohanan Whole-time Director and President - U&S