Corporate Overview Statutory Reports Financial Statements 117 Standalone Statement of Profit and Loss for the year ended on March 31, 2024 (` cr) Particulars Note 2023-24 2022-23 INCOME Revenue from operations 21 4,357.70 5,061.78 Other income 22 134.61 199.44 Total income 4,492.31 5,261.22 EXPENSES Cost of materials consumed 23 2,124.40 2,484.52 Purchases of stock-in-trade 157.48 186.74 Changes in inventories of finished goods, work-in-progress and stock-in-trade 24 91.31 10.74 Employee benefit expenses 25 320.60 301.46 Finance costs 26 2.25 2.12 Depreciation and amortisation expenses 27 184.22 162.85 Other expenses 28 1,102.54 1,382.58 Total expenses 3,982.80 4,531.01 Profit before tax 509.51 730.21 Tax expense Current tax 29.5 105.49 170.29 Deferred tax 29.5 19.45 7.77 Total tax expense 124.94 178.06 Profit for the year 384.57 552.15 Other comprehensive income a) Items that will not be reclassified to profit | loss i) Change in fair value of equity instruments through other comprehensive income (FVTOCI) 271.65 (110.26) ii) Remeasurement gain | (loss) on defined benefit plans 0.25 3.72 iii) Income tax related to items above (21.28) 10.87 b) Items that will be reclassified to profit | loss i) Effective portion of gain | (loss) on cash flow hedges (0.11) (0.54) ii) Income tax related to item no (i) above 0.03 0.14 Other comprehensive income, net of tax 250.54 (96.07) Total comprehensive income for the year 635.11 456.08 Earnings per equity share of ` 10 each Basic earnings (`) 29.11 130.41 187.05 Diluted earnings (`) 29.11 130.41 187.05 The accompanying Notes 1-29 form an integral part of the Standalone Financial Statements. In terms of our report attached For Deloitte Haskins & Sells LLP For and on behalf of the Board of Directors Chartered Accountants T R Gopi Kannan M M Chitale P J Banerjee S S Lalbhai Ketan Vora (DIN:00048645) (DIN:00101004) (DIN:02985965) (DIN:00045590) Partner Whole-time Director and CFO Chairman and Managing Director L P Patni S A Panse R R Iyer S A Lalbhai Company Secretary (DIN:02599310) (DIN: 00474407) (DIN:00009278) Managing Director B N Mohanan B R Arora S D Abhyankar (DIN:00198716) (DIN:00194168) (DIN: 00108866) Whole-time Director and President - U&S S A Shah Mumbai (DIN: 00058019) Mumbai April 26, 2024 Directors April 26, 2024
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