Corporate Overview Statutory Reports Financial Statements 193 Consolidated Statement of Profit and Loss for the year ended on March 31, 2024 (` cr) Particulars Note 2023-24 2022-23 INCOME Revenue from operations 22 4,725.68 5,427.52 Other income 23 58.19 114.87 Total income 4,783.87 5,542.39 EXPENSES Cost of materials consumed 24 2,202.59 2,604.17 Purchases of stock-in-trade 158.69 224.46 Changes in inventories of finished goods, work-in-progress and stock-in-trade 25 149.26 35.35 Employee benefit expenses 26 398.03 370.19 Finance costs 27 11.08 7.90 Depreciation and amortisation expenses 28 242.88 197.81 Other expenses 29 1,180.42 1,418.50 Total expenses 4,342.95 4,858.38 Profit before share of net profit of investments accounted for using equity method and tax 440.92 684.01 Share of net profit in associate and joint venture companies 9.70 3.83 Profit before tax 450.62 687.84 Tax expense Current tax 30.5 113.64 179.16 Deferred tax 30.5 12.86 2.05 Total tax expense 126.50 181.21 Profit for the year 324.12 506.63 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) 273.85 (109.98) ii) Remeasurement gain | (loss) on defined benefit plans 0.10 4.26 iii) Income tax related to items above (21.32) 10.79 iv) Share of other comprehensive income in associate and joint venture companies 0.03 - b) Items that will be reclassified to profit | loss i) Effective portion of gain | (loss) on cash flow hedges (0.11) (0.54) ii) Exchange differences on translation of foreign operations 3.71 6.94 iii) Income tax related to items above (1.25) (0.04) Other comprehensive income, net of tax 255.01 (88.57) Total comprehensive income for the year 579.13 418.06 Profit is attributable to: Owners of the Company 323.02 514.09 Non-controlling interests 1.10 (7.46) 324.12 506.63 Other comprehensive income is attributable to: Owners of the Company 255.01 (88.58) Non-controlling interests - 0.01 255.01 (88.57) Total comprehensive income is attributable to: Owners of the Company 578.03 425.51 Non-controlling interests 1.10 (7.45) 579.13 418.06 Earnings per equity share of ` 10 each attributable to owners of the Company Basic earnings (`) 30.11 109.54 174.15 Diluted earnings (`) 30.11 109.54 174.15 The accompanying Notes 1-30 form an integral part of the Consolidated 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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