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STATEMENT OF PROFIT AND LOSS

as at March 31, 2019

(` crore)
Note Page Year ended
March 31, 2019		 Year ended
March 31, 2018
I Revenue from operations 26 264 70,610.92 60,519.37
II Other income 27 265 2,405.08 763.66
III Total income 73,016.00 61,283.03
IV Expenses:
(a) Cost of materials consumed 19,840.29 16,877.63
(b) Purchases of stock-in-trade 1,807.85 647.21
(c) Changes in inventories of finished and semi-finished goods, stock-in-trade and work-in-progress 28 266 (554.33) 545.36
(d) Employee benefits expense 29 266 5,131.06 4,828.85
(e) Finance costs 30 267 2,823.58 2,810.62
(f) Depreciation and amortisation expense 31 267 3,802.96 3,727.46
(g) Other expenses 32 267 24,622.81 22,178.02
57,474.22 51,615.15
Less: Expenditure (other than interest) transferred to capital and other accounts 799.70 336.66
Total expenses 56,674.52 51,278.49
V Profit before exceptional items and tax (III-IV) 16,341.48 10,004.54
VI Exceptional items: 33 268
(a) Profit/(loss) on sale of non-current investments 262.28 -
(b) Provision for impairment of investments/doubtful advances (12.53) (62.92)
(c) Provision for demands and claims (328.64) (3,213.68)
(d) Employee separation compensation (35.34) (89.69)
Total exceptional items (114.23) (3,366.29)
VII Profit before tax (V+VI) 16,227.25 6,638.25
VIII Tax expense:
(a) Current Tax 6,297.11 1,586.78
(b) Deferred Tax (603.05) 881.92
Total tax expense 5,694.06 2,468.70
IX Profit for the year (VII-VIII) 10,533.19 4,169.55
X Other comprehensive income/(loss)
A (i) Items that will not be reclassified subsequently to the statement of profit and loss
(a) Remeasurement gain/(loss) on post-employment defined benefit plans
5.95 237.63
(b) Fair value changes of investments in equity shares
(46.63) (223.00)
(ii) Income tax on items that will not be reclassified subsequently to profit and loss
(2.63) (82.24)
B (i) Items that will be reclassified subsequently to profit and loss
(a) Fair value changes of cash flow hedges
(10.62) 9.96
(ii) Income tax on items that will be reclassified subsequently to profit and loss
3.71 (3.47)
Total other comprehensive income/(loss) for the year (50.22) (61.12)
XI Total comprehensive income/(loss) for the year (IX+X) 10,482.97 4,108.43
XII Earnings per share 34 269
Basic (`) 90.41 38.57
Diluted (`) 90.40 38.56
XIII Notes forming part of the financial statements 1-46
 

In terms of our report attached

For and on behalf of the Board of Directors

 

 

For Price Waterhouse & Co Chartered Accountants LLP

Firm Registration Number: 304026E/ E-300009.

Chartered Accountants

sd/-

N. Chandrasekaran

Chairman

DIN: 00121863

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Mallika Srinivasan

Director

DIN: 00037022

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O. P. Bhatt

Director

DIN: 00548091

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Peter Blauwhoff

Director

DIN: 07728872

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Deepak Kapoor

Director

DIN: 00162957

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Aman Mehta

Director

DIN: 00009364

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Russell I Parera

Partner

Membership Number 042190

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V. K. Sharma

Director

DIN: 02449088

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Saurabh Agrawal

Director

DIN: 02144558

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T. V. Narendran

Managing Director
& Chief Executive Officer

DIN: 03083605

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Koushik Chatterjee

Executive Director
& Chief Financial Officer

DIN: 00004989

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Parvatheesam K.

Company Secretary
& Chief Legal Officer (Corporate & Compliance

ACS: 15921

Mumbai, April 25, 2019