159 / 236
157
Consolidated Statement of Profit and Loss
for the year ended March 31, 2017
(
`
cr)
Particulars
Note
2016-17
2015-16
Income
Revenue from operations
22
2,996.05
2,755.01
Other income
23
52.55
34.40
Total income
3,048.60
2,789.41
Expenses
Cost of materials consumed
24
1,397.03
1,323.94
Purchase of stock-in-trade
27.40
23.45
Changes in inventories of finished goods, stock-in-trade and work-in-progress
25
11.05
(20.70)
Excise duty
162.11
160.42
Employee benefit expenses
26
200.14
190.91
Finance costs
27
25.17
27.53
Depreciation and amortisation expenses
2, 4
95.44
66.07
Other expenses
28
688.87
617.76
Total expenses
2,607.21
2,389.38
Profit before exceptional items, share of net profit of investments
accounted for using equity method and tax
441.39
400.03
Share of net profit of associate company and joint venture company
accounted for using the equity method
4.67
4.46
Profit before tax
446.06
404.49
Tax expense
Current tax
29.5
87.11
108.03
Deferred tax
29.5
35.60
22.19
Total tax expense
122.71
130.22
Profit for the year
323.35
274.27
Other Comprehensive Income
a) Items that will not be reclassified to profit and loss
i)
Fair value of equity instruments through Other Comprehensive
Income (FVOCI)
77.36
(38.37)
ii)
Remeasurement gain | (loss) on defined benefit plans
2.44
(2.98)
iii) Income tax related to item no (ii) above
(0.84)
1.06
iv) Share of Other Comprehensive Income of associate company
and joint venture company accounted for using the equity
method (net of tax)
(0.02)
–
b) Items that will be reclassified to profit and loss
i)
Effective portion of gain | (loss) on cash flow hedges
(0.73)
(0.90)
i)
Income tax related to item no (i) above
0.25
0.31
iii) Exchange differences on translation of foreign operations
4.45
9.35
Other Comprehensive Income, net of tax
82.91
(31.53)
Total Comprehensive income for the year
406.26
242.74
Profit is attributable to:
Owners of the Company
322.97
274.18
Non-controlling interests
0.38
0.09
323.35
274.27
Other Comprehensive Income is attributable to:
Owners of the Company
82.90
(31.53)
Non-controlling interests
0.01
–
82.91
(31.53)
Total Comprehensive Income is attributable to:
Owners of the Company
405.87
242.65
Non-controlling interests
0.39
0.09
406.26
242.74
Earnings per Equity share attributable to owners of the Company
No. of shares
29,661,733
29,661,733
Basic and diluted earning
`
per Equity share of
`
10 each
29.11
109.01
92.47
The accompanying Notes from an integral part of the Consolidated 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
May 05, 2017
S Venkatesh
Partner
Membership Number: 037942
Mumbai
May 05, 2017
T R Gopi Kannan
Whole-time Director and CFO
L P Patni
Company Secretary
B N Mohanan
Whole-time Director
and President - U&S