Report Menu

Consolidated Statement of Profit and LossFOR THE YEAR ENDED MARCH 31, 2018

(` crore)
Note Page Year ended
March 31, 2018		 Year ended
March 31, 2017
I Revenue from operations 29 342 1,33,016.37 1,17,419.94
II Other income 30 343 909.45 527.47
III Total Income 1,33,925.82 1,17,947.41
IV Expenses:
(a) Raw materials consumed 41,205.43 32,418.09
(b) Purchases of finished, semi-finished and other products 11,002.82 11,424.94
(c) Changes in inventories of finished and semi-finished goods, work-in-progress and stock-in-trade (43.68) (4,538.13)
(d) Employee benefits expense 31 343 17,606.19 17,252.22
(e) Finance costs 32 344 5,501.79 5,072.20
(f) Depreciation and amortisation expense 33 344 5,961.66 5,672.88
(g) Other expenses 34 344 42,355.94 44,619.71
1,23,590.15 1,11,921.91
(h) Less: Expenditure (other than interest) transferred to capital and other accounts 1,000.86 764.71
Total Expenses 1,22,589.29 1,11,157.20
V Share of profit/(loss) of joint ventures and associates 174.10 7.65
VI Profit before exceptional items and tax (III-IV+V) 11,510.63 6,797.86
VII Exceptional Items: 35 345
(a) Profit on sale of non-current investments - 22.70
(b) Profit on sale of non-current assets - 85.87
(c) Provision for impairment of investments/doubtful advances (27.25) (125.45)
(d) Provision for impairment of non-current assets (903.01) (267.93)
(e) Provision for demands and claims (3,213.68) (218.25)
(f) Employee separation compensation (107.60) (207.37)
(g) Restructuring and other provisions 13,850.66 (3,613.80)
Total exceptional items 9,599.12 (4,324.23)
VIII Profit/(loss) before tax (VI+VII) 21,109.75 2,473.63
IX Tax expense:
(a) Current tax 2,002.77 1,741.70
(b) Deferred tax 1,402.62 1,036.31
Total tax expense 3,405.39 2,778.01
X Profit/(loss) after tax from continuing operations 17,704.36 (304.38)
           
XI Profit/(loss) after tax from discontinued operations 36 346
(a) Profit/(loss) after tax from discontinued operations 53.30 (778.87)
(b) Profit/(loss) on disposal of discontinued operations 5.15 (3,085.32)
Profit/(loss) after tax from discontinued operations 58.45 (3,864.19)
XII Profit/(loss) for the year (A) 17,762.81 (4,168.57)
XIII Other Comprehensive Income/(loss)
A (i) Items that will not be reclassified subsequently to the consolidated statement of profit and loss
a) Remeasurement gains/(losses) on post employment defined benefit plans
(1,489.18) (4,334.54)
b) Fair value changes of investments in equity shares
(204.55) 836.92
c) Share of equity accounted investees
(0.24) 3.37
(ii) Income tax on items that will not be reclassified subsequently to the consolidated statement of profit and loss
212.98 782.34
B) (i) Items that will be reclassified subsequently to the consolidated statement of profit and loss
a) Foreign currency translation differences
(1,544.04) 2,045.14
b) Fair value changes of cash flow hedges
(97.76) 145.33
c) Share of equity accounted investees
16.20 (2.17)
(ii) Income tax on items that will be reclassified subsequently to the consolidated statement of profit and loss
28.58 (39.45)
Total Other Comprehensive Income/(loss) (B) (3,078.01) (563.06)
           
XIV Profit/(loss) from continuing operations for the year attributable to:
Shareholders of the Company 13,375.88 (376.61)
Non controlling interests 4,328.48 72.23
17,704.36 (304.38)
XV Profit/(loss) from discontinued operations for the year attributable to:
Shareholders of the Company 58.45 (3,864.19)
Non controlling interests - -
58.45 (3,864.19)
XVI Total Comprehensive Income for the year attributable to: (A+B)
(i) Shareholders of the Company 8,802.54 (4,800.32)
(ii) Non controlling interests 5,882.26 68.69
14,684.80 (4,731.63)
XVII Earnings per equity share (from continuing operations) 37 347
Basic (`) 127.56 (5.35)
Diluted (`) 127.54 (5.35)
XVIII Earnings per equity share (from discontinued operations) 37 347
Basic (`) 0.56 (37.54)
Diluted (`) 0.56 (37.54)
XIX Earnings per equity share (from continuing and discontinued operations) 37 347
Basic (`) 128.12 (42.89)
Diluted (`) 128.10 (42.89)
XX Notes forming part of the consolidated financial statements 1-50
 

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

sd/-

Mallika Srinivasan

Director

DIN: 00037022

sd/-

O. P. Bhatt

Director

DIN: 00548091

sd/-

Peter Blauwhoff

Director

DIN: 07728872

sd/-

Deepak Kapoor

Director

DIN: 00162957

sd/-

Russell I Parera

Partner

Membership Number 042190

sd/-

D. K. Mehrotra

Director

DIN: 00142711

sd/-

Saurabh Agrawal

Director

DIN: 02144558

sd/-

T. V. Narendran

Chief Executive Officer and Managing Director

DIN: 03083605

sd/-

Koushik Chatterjee

Executive Director and Chief Financial Officer

DIN: 00004989

sd/-

Parvatheesam K.

Company Secretary

ACS: 15921

Mumbai, May 16, 2018