109 / 148
107
Consolidated Statement of Profit and Loss
for the year ended
March 31, 2014
Particulars
Note
2013-14
2012-13
REVENUE
Revenue from operations (gross)
21
2,614.30
2,168.80
Less: Excise duty
156.55
125.92
Revenue from operations (net)
2,457.75
2,042.88
2,457.75
2,042.88
Other income
22
36.27
16.62
2,494.02
2,059.50
EXPENSES
Cost of materials consumed
1,374.58
1,162.64
Purchase of stock-in-trade
24.18
16.36
Changes in inventories of finished goods,
work-in-progress and stock-in-trade
23
(64.51)
(20.83)
Employee benefit expenses
24
149.67
134.57
Finance costs
25
33.44
33.37
Depreciation and amortisation expenses
12
58.26
51.37
Other expenses
26
610.10
501.03
2,185.72
1,878.51
Profit before exceptional items and tax
308.30
180.99
Exceptional items
Reversal of previous year finance costs
–
5.38
–
5.38
Profit before tax
308.30
186.37
Tax expense
Current tax
79.01
53.96
Deferred tax
9.81
4.51
MAT credit entitlement
(0.77)
(0.17)
Add: Tax adjustments (Previous year:
`
20,214)
0.04
-
88.09
58.30
Profit after tax
220.21
128.07
Share of profit |(loss) in associate companies
(1.28)
(8.23)
Minority interest
(0.26)
0.07
Profit for the year
219.19
119.77
Basic and diluted earning
`
per Equity Share
27.7
73.90
40.38
Significant Accounting Policies
1
Notes form an integral part of these Consolidated Financial Statements
As per our attached report of even date
For and on behalf of the Board of Directors
For Dalal & Shah
Firm Registration Number: 102020W
Sunil S Lalbhai
Chartered Accountants
Chairman and Managing Director
G S Patel
S S Baijal
B S Mehta
Anish P Amin
S M Datta
Partner
V S Rangan
Samveg A Lalbhai
Membership Number: 40451
T R Gopi Kannan
R A Shah
Managing Director
Mumbai
President, Finance and
S Nammalvar
Mumbai
May 02, 2014
Company Secretary
Directors
May 02, 2014
{
`
in crore (cr)}