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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
Statement of Profit and Loss
for the year ended March 31, 2012
(
`
cr)
Particulars
Note
2011-12
2010-11
REVENUE
Revenue from operations
Sale of products
1,884.55
1,594.25
Sale of services
3.22
3.31
Other operating revenues
20
31.53
23.41
Less: Excise duty
123.73
86.57
1,795.57
1,534.40
Other income
21
11.64
18.71
1,807.21
1,553.11
EXPENSES
Cost of materials consumed
22
1,055.13
891.93
Purchase of stock-in-trade
20.01
16.70
Changes in inventories of finished goods,
work-in-progress and stock-in-trade
23
(15.33)
(25.27)
Employee benefit expenses
24
117.20
101.69
Finance costs
25
43.10
26.22
Exchange rate difference (net) (excluding loss considered
in Note 25)
12.07
9.09
Depreciation and amortisation expenses
11
43.65
38.54
Other expenses
26
415.41
365.14
1,691.24
1,424.04
Profit before exceptional items and tax
115.97
129.07
Exceptional items
Gain on settlement of long-term export advance
-
8.20
Recovery of advance written off in earlier years
-
1.90
Reversal of provision for diminution in value of
long-term investment in subsidiary company
6.51
-
6.51
10.10
Profit before tax
122.48
139.17
Tax expense
Current tax
35.10
42.58
Deferred tax
(0.75)
0.48
Add: Tax adjustments for the earlier years
0.02
6.11
34.37
49.17
Profit for the year
88.11
90.00
Basic and diluted earning
`
per Equity Share
27.8
29.70
30.34
Notes form an integral part of these financial statements