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99
Statement of Profit and Loss
for the year ended March 31, 2018
(
`
cr)
In terms of our report attached
For Deloitte Haskins & Sells LLP
Chartered Accountants
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 27, 2018
Samir R. Shah
Partner
Mumbai
April 27, 2018
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
2017-18
2016-17
Income
Revenue from operations
20
3,147.56
2,848.27
Other income
21
38.46
42.46
Total income
3,186.02
2,890.73
Expenses
Cost of materials consumed
22
1,653.33
1,324.51
Purchase of stock-in-trade
8.09
18.04
Changes in inventories of finished goods,
work-in-progress and stock-in-trade
23
31.76
17.88
Excise duty
40.07
153.74
Employee benefit expenses
24
181.34
173.23
Finance costs
25
8.90
21.02
Depreciation and amortisation expenses
2, 4
104.78
91.12
Other expenses
26
760.50
690.67
Total expenses
2,788.77
2,490.21
Profit before tax
397.25
400.52
Tax expense
Current tax
27.5
102.21
79.73
Deferred tax
27.5
24.63
35.49
Total tax expense
126.84
115.22
Profit for the year
270.41
285.30
Other Comprehensive Income
a) Items that will not be reclassified to profit | loss
i)
Fair value of equity instruments through Other
Comprehensive Income (FVOCI)
37.32
77.34
ii)
Remeasurement gain | (loss) on defined benefit plans
2.73
2.48
iii) Income tax related to item no (ii) above
(0.95)
(0.86)
b) Items that will be reclassified to profit | loss
i)
Effective portion of gain | (loss) on cash flow hedges
0.05
(0.72)
ii)
Income tax related to item no (i) above
(0.02)
0.25
Other Comprehensive Income, net of tax
39.13
78.49
Total Comprehensive Income for the year
309.54
363.79
Earnings per equity share
Basic and diluted earnings
`
per equity share of
`
10 each
27.11
91.16
96.18
The accompanying Notes 1-27 form an integral part of the Financial Statements