157 / 220
155
Consolidated Statement of Profit and Loss
for the year ended March 31, 2018
(
`
cr)
Particulars
Note
2017-18
2016-17
Income
Revenue from operations
22
3,337.92
2,996.05
Other income
23
25.91
52.55
Total income
3,363.83
3,048.60
Expenses
Cost of materials consumed
24
1,734.88
1,397.28
Purchases of stock-in-trade
15.84
27.40
Changes in inventories of finished goods, work-in-progress and stock-in-trade
25
52.75
10.80
Excise duty
42.15
162.11
Employee benefit expenses
26
213.38
200.14
Finance costs
27
12.74
25.17
Depreciation and amortisation expenses
2, 4
110.38
95.44
Other expenses
28
773.73
688.87
Total expenses
2,955.85
2,607.21
Profit before share of net profit of investments accounted for using
equity method and tax
407.98
441.39
Share of net profit of joint venture company accounted for using the
equity method
4.23
4.67
Profit before tax
412.21
446.06
Tax expense
Current tax
29.5
108.16
87.11
Deferred tax
29.5
22.81
35.60
Total tax expense
130.97
122.71
Profit for the year
281.24
323.35
Other Comprehensive Income
a) Items that will not be reclassified to profit | loss
i)
Fair value of equity instruments through Other Comprehensive
Income (FVOCI)
37.28
77.36
ii)
Remeasurement gain | (loss) on defined benefit plans
2.72
2.44
iii) Income tax related to item no (ii) above
(0.95)
(0.84)
iv) Share of Other Comprehensive Income of joint venture
company accounted for using the equity method (net of tax)
(0.01)
(0.02)
b) Items that will be reclassified to profit | loss
i)
Effective portion of gain | (loss) on cash flow hedges
0.05
(0.73)
ii)
Income tax related to item no (i) above
(0.02)
0.25
iii) Exchange differences on translation of foreign operations
5.06
4.45
Other Comprehensive Income, net of tax
44.13
82.91
Total Comprehensive Income for the year
325.37
406.26
Profit is attributable to:
Owners of the Company
276.48
322.97
Non-controlling interests
4.76
0.38
281.24
323.35
Other Comprehensive Income is attributable to:
Owners of the Company
44.13
82.90
Non-controlling interests
–
0.01
44.13
82.91
Total Comprehensive Income is attributable to:
Owners of the Company
320.61
405.87
Non-controlling interests
4.76
0.39
325.37
406.26
Earnings per equity share attributable to owners of the Company
Basic and diluted earnings
`
per equity share of
`
10 each
29.11
94.82
109.01
The accompanying Notes 1-29 form an integral part of the Consolidated Financial Statements
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