91 / 172
89
Statement of Pro t and Loss
for the year ended March 31, 2016
(
`
cr)
Particulars
Note
2015-16
2014-15
REVENUE
Revenue from operations (gross)
21
2,613.37
2,718.57
Less: Excise duty
154.47
162.92
Revenue from operations (net)
2,458.90
2,555.65
Other income
22
45.74
15.31
2,504.64
2,570.96
EXPENSES
Cost of materials consumed
23 (a)
1,234.05
1,333.22
Purchase of stock-in-trade
23 (c)
19.68
28.22
Changes in inventories of finished goods,
work-in-progress and stock-in-trade
24
(28.02)
16.12
Employee benefit expenses
25
172.19
153.85
Finance costs
26
25.84
23.64
Depreciation and amortisation expenses
12
61.69
55.28
Other expenses
27
628.85
648.52
2,114.28
2,258.85
Profit before exceptional items and tax
390.36
312.11
Exceptional items
28.16
2.67
–
Profit before tax
393.03
312.11
Tax expense
Current tax
102.50
80.50
Deferred tax
22.47
13.82
Tax adjustments
–
0.37
124.97
94.69
Profit for the year
268.06
217.42
No. of Shares
29,661,733
29,661,733
Basic and diluted earning
`
per Equity share of
`
10 each 28.7
90.37
73.30
Significant Accounting Policies
1
The accompanying Notes form an integral part of the Financial Statements
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
April 29, 2016
S Venkatesh
Partner
Membership Number: 037942
Mumbai
April 29, 2016
T R Gopi Kannan
Whole-time Director and CFO
L P Patni
Company Secretary
B N Mohanan
Whole-time Director
and President - U&S