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93
Statement of Profit and Loss
for the year ended March 31, 2017
(
`
cr)
As per our attached report of even date
For Dalal & Shah Chartered Accountants LLP
Firm Registration Number: 102020W | W-100040
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
May 05, 2017
S Venkatesh
Partner
Membership Number: 037942
Mumbai
May 05, 2017
T R Gopi Kannan
Whole-time Director and CFO
L P Patni
Company Secretary
B N Mohanan
Whole-time Director
and President - U&S
Particulars
Note
2016-17
2015-16
Income
Revenue from operations
20
2,848.27
2,608.61
Other income
21
42.46
43.53
Total income
2,890.73
2,652.14
Expenses
Cost of materials consumed
22
1,324.51
1,234.05
Purchase of stock-in-trade
18.04
19.68
Changes in inventories of finished goods,
work-in-progress and stock-in-trade
23
17.88
(27.66)
Excise duty
153.74
154.11
Employee benefit expenses
24
173.23
168.47
Finance costs
25
21.02
25.84
Depreciation and amortisation expenses
2, 4
91.12
61.92
Other expenses
26
690.67
618.20
Total expenses
2,490.21
2,254.61
Profit before exceptional items and tax
400.52
397.53
Exceptional items
27.17
–
2.67
Profit before tax
400.52
400.20
Tax expense
Current tax
27.5
79.73
103.56
Deferred tax
27.5
35.49
22.19
Total tax expense
115.22
125.75
Profit for the year
285.30
274.45
Other Comprehensive Income
a) Items that will not be reclassified to profit and loss
i)
Fair value of equity instruments through Other
Comprehensive Income (FVOCI)
77.34
(38.38)
ii)
Remeasurement gain | (loss) on defined benefit plans
2.48
(3.06)
iii) Income tax related to item no (ii) above
(0.86)
1.06
b) Items that will be reclassified to profit and loss
i)
Effective portion of gain | (loss) on cash flow hedges
(0.72)
(0.90)
ii)
Income tax related to item no (i) above
0.25
0.31
Other Comprehensive Income, net of tax
78.49
(40.97)
Total Comprehensive Income for the year
363.79
233.48
Earnings per Equity share
Basic and diluted earning
`
per Equity share of
`
10 each
27.11
96.18
92.53
The accompanying Notes form an integral part of the Financial Statements