STATEMENT OF
PROFIT AND LOSS for the years ended March 31, 2017 and 2016
| (` crore) | ||||||
| Note | Page | Year ended March 31, 2017 |
Year ended March 31, 2016 |
|||
| I | Revenue from operations | 26 | 219 | 53,260.96 | 42,697.44 | |
| II | Other income | 27 | 219 | 414.46 | 391.16 | |
| III | Total income | 53,675.42 | 43,088.60 | |||
| IV | Expenses: | |||||
| (a) Raw materials consumed | 12,496.78 | 9,700.01 | ||||
| (b) Purchases of finished, semi-finished and other products | 881.18 | 991.54 | ||||
| (c) Changes in stock of finished goods, work-in-progress and stock-in-trade | 28 | 220 | (1,329.65) | 70.75 | ||
| (d) Employee benefits expenses | 29 | 220 | 4,605.13 | 4,319.89 | ||
| (e) Finance costs | 30 | 220 | 2,688.55 | 1,848.05 | ||
| (f) Depreciation and amortisation expense | 31 | 221 | 3,541.55 | 2,962.28 | ||
| (g) Other expenses | 32 | 221 | 24,949.09 | 20,602.35 | ||
| 47,832.63 | 40,494.87 | |||||
| Less: Expenditure (other than interest) transferred to capital and other accounts | 217.52 | 598.89 | ||||
| Total expenses | 47,615.11 | 39,895.98 | ||||
| V | Profit before exceptional items and tax (III-IV) | 6,060.31 | 3,192.62 | |||
| VI | Exceptional items: | 33 | 222 | |||
| (a) Profit/(Loss) on sale of non-current investments | - | (0.85) | ||||
| (b) Provision for impairment of investments/doubtful advances | (170.87) | (160.62) | ||||
| (c) Provision for impairment of non-current assets | - | (51.51) | ||||
| (d) Provision for demands and claims | (218.25) | (880.05) | ||||
| (e) Employee separation compensation | (178.68) | (556.25) | ||||
| (f ) Restructuring and other provisions | (135.58) | - | ||||
| Total exceptional items | (703.38) | (1,649.28) | ||||
| VII | Profit before tax (V+VI) | 5,356.93 | 1,543.34 | |||
| VIII | Tax expense: | |||||
| (a) Current Tax | 1,400.54 | 1,193.28 | ||||
| (b) Deferred Tax | 511.84 | (605.59) | ||||
| Total tax expense | 1,912.38 | 587.69 | ||||
| IX | Profit for the year (VII-VIII) | 3,444.55 | 955.65 | |||
| X | Other comprehensive income/(loss) | |||||
| A (i) Items that will not be reclassified subsequently to the statement of profit and loss | ||||||
| (a) Remeasurement gains/(losses) on post employment defined benefit plans | (217.79) | (5.01) | ||||
| (b) Fair value changes of investments in equity shares | 819.01 | (3,163.52) | ||||
| (ii) Income tax on items that will not be reclassified subsequently to the statement of profit and loss | 75.37 | (239.78) | ||||
| B (i) Items that will be reclassified subsequently to the statement of profit and loss | ||||||
| (a) Fair value changes of cash flow hedges | (1.22) | 1.80 | ||||
| (ii) Income tax on items that will be reclassified subsequently to the statement of profit and loss | 0.42 | (0.62) | ||||
| Total other comprehensive income/(loss) | 675.79 | (3,407.13) | ||||
| XI | Total comprehensive income/(loss) for the year (IX+X) | 4,120.34 | (2,451.48) | |||
| XII | Earnings per share | 34 | 222 | |||
| Basic and Diluted (`) | 33.67 | 8.05 | ||||
| XIII | Notes forming part of the financial statements | 1-43 | ||||
In terms of our report attached
For and on behalf of the Board of Directors
For DELOITTE HASKINS & SELLS LLP
Chartered Accountants
sd/-
N. Chandrasekaran
Chairman
(DIN: 00121863)
sd/-
Ishaat Hussain
Director
(DIN: 00027891)
sd/-
Andrew Robb
Director
(DIN: 01911023)
sd/-
O. P. Bhatt
Director
(DIN: 00548091)
sd/-
Mallika Srinivasan
Director
(DIN: 00037022)
sd/-
Peter Blauwhoff
Director
(DIN: 07728872)
sd/-
N. Venkatram
Partner
sd/-
Aman Mehta
Director
(DIN: 00009364)
sd/-
Deepak Kapoor
Director
(DIN: 00162957)
sd/-
D. K. Mehrotra
Director
(DIN: 00142711)
sd/-
Koushik Chatterjee
Group Executive Director
(Finance, Corporate & Europe)
(DIN: 00004989)
sd/-
T. V. Narendran
Managing Director
(DIN: 03083605)
sd/-
Parvatheesam K.
Company Secretary
(ACS: 15921)
Mumbai, May 16, 2017