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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 26 247 60,519.37 53,260.96
II Other income 27 248 763.66 414.46
III Total income 61,283.03 53,675.42
IV Expenses:
(a) Raw materials consumed 16,877.63 12,496.78
(b) Purchases of finished, semi-finished and other products 647.21 881.18
(c) Changes in inventories of finished and semi-finished goods,work-in-progress and stock-in-trade 28 248 545.36 (1,329.65)
(d) Employee benefits expense 29 249 4,828.85 4,605.13
(e) Finance costs 30 249 2,810.62 2,688.55
(f) Depreciation and amortisation expense 31 250 3,727.46 3,541.55
(g) Other expenses 32 250 22,178.02 24,949.09
51,615.15 47,832.63
Less: Expenditure (other than interest) transferred to capital and other accounts 336.66 217.52
Total expenses 51,278.49 47,615.11
V Profit before exceptional items and tax (III-IV) 10,004.54 6,060.31
VI Exceptional items: 33 251
(a) Provision for impairment of investments/doubtful advances (62.92) (170.87)
(b) Provision for demands and claims (3,213.68) (218.25)
(c) Employee separation compensation (89.69) (178.68)
(d) Other provisions - (135.58)
Total exceptional items (3,366.29) (703.38)
VII Profit before tax (V+VI) 6,638.25 5,356.93
VIII Tax expense:
(a) Current Tax 1,586.78 1,400.54
(b) Deferred Tax 881.92 511.84
Total tax expense 2,468.70 1,912.38
IX Profit for the year (VII-VIII) 4,169.55 3,444.55
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
237.63 (217.79)
(b) Fair value changes of investments in equity shares
(223.00) 819.01
(ii) Income tax on items that will not be reclassified subsequently to the statement of profit and loss
(82.24) 75.37
B (i) Items that will be reclassified subsequently to the statement of profit and loss
(a) Fair value changes of cash flow hedges
9.96 (1.22)
(ii) Income tax on items that will be reclassified subsequently to the statement of profit and loss
(3.47) 0.42
Total other comprehensive income/(loss) (61.12) 675.79
XI Total comprehensive income/(loss) for the year (IX+X) 4,108.43 4,120.34
XII Earnings per share 34 252
Basic (`) 38.57 31.74
Diluted (`) 38.56 31.74
XIII Notes forming part of the financial statements 1-44
 

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For Price Waterhouse & Co Chartered Accountants LLP

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Chartered Accountants

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N. Chandrasekaran

Chairman

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Mallika Srinivasan

Director

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O. P. Bhatt

Director

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Peter Blauwhoff

Director

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Deepak Kapoor

Director

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Russell I Parera

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D. K. Mehrotra

Director

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Saurabh Agrawal

Director

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T. V. Narendran

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Koushik Chatterjee

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Parvatheesam K.

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Mumbai, May 16, 2018