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CONSOLIDATED STATEMENT OF PROFIT AND LOSS

for the year ended March 31, 2019

(` crore)
Note Page Year ended
March 31, 2019		 Year ended
March 31, 2018
I Revenue from operations 29 372 1,57,668.99 1,24,109.69
II Other income 30 373 1,420.58 881.10
III Total Income 1,59,089.57 1,24,990.79
IV Expenses:
(a) Cost of materials consumed 54,309.07 40,762.41
(b) Purchases of stock-in-trade 6,567.98 5,374.60
(c) Changes in inventories of finished and semi-finished goods, stock-in-trade and work-in-progress (96.71) 99.31
(d) Employee benefits expense 31 373 18,758.87 16,969.91
(e) Finance costs 32 374 7,660.10 5,454.74
(f) Depreciation and amortisation expense 33 374 7,341.83 5,741.70
(g) Other expenses 34 374 50,410.72 40,471.13
1,44,951.86 1,14,873.80
(h) Less: Expenditure (other than interest) transferred to capital and other accounts 1,664.28 1,000.86
Total Expenses 1,43,287.58 1,13,872.94
V Share of profit/(loss) of joint ventures and associates 224.70 239.12
VI Profit/(loss) before exceptional items and tax (III-IV+V) 16,026.69 11,356.97
VII Exceptional Items: 35 375
(a) Profit on sale of subsidiaries and non-current investments 180.13 -
(b) Provision for impairment of investments/doubtful advances (172.12) (27.25)
(c) Provision for impairment of non-current assets (9.57) (903.01)
(d) Provision for demands and claims (328.64) (3,213.68)
(e) Employee separation compensation (35.33) (107.60)
(f) Restructuring and other provisions 244.56 13,850.66
Total exceptional items (120.97) 9,599.12
VIII Profit/(loss) before tax (VI+VII) 15,905.72 20,956.09
IX Tax expense:
(a)  Current tax 6,728.14 1,980.24
(b)  Deferred tax (9.71) 1,412.09
Total tax expense 6,718.43 3,392.33
X Profit/(loss) after tax from continuing operations 9,187.29 17,563.76
           
XI Profit/(loss) after tax from discontinued operations 36 375
(a)  Profit/(loss) after tax from discontinued operations (88.96) 193.90
(b)  Profit/(loss) on disposal of discontinued operations - 5.15
Profit/(loss) after tax from discontinued operations (88.96) 199.05
XII Profit/(loss) for the year (X+XI) 9,098.33 17,762.81
XIII Other Comprehensive Income/(loss)
A (i) Items that will not be reclassified subsequently to profit and loss
a)  Remeasurement gains/(losses) on post employment defined benefit plans
(683.60) (1,489.18)
b)  Fair value changes of investments in equity shares
(36.65) (204.55)
c)  Share of equity accounted investees
(0.14) (0.24)
(ii) Income tax on items that will not be reclassified subsequently to profit and loss
94.83 212.98
B) (i) Items that will be reclassified subsequently to profit and loss:
a)  Foreign currency translation differences
508.47 (1,544.04)
b)  Fair value changes of cash flow hedges
161.80 (97.76)
c)  Share of equity accounted investees
4.53 16.20
(ii) Income tax on items that will be reclassified subsequently to profit and loss
(41.45) 28.58
Total other comprehensive income/(loss) for the year 7.79 (3,078.01)
XIV Total comprehensive income/(loss) for the year (XII+XIII) 9,106.12 14,684.80
           
XV Profit/(loss) from continuing operations for the year attributable to:
Owners of the Company 10,283.45 13,255.26
Non-controlling interests (1,096.16) 4,308.50
9,187.29 17,563.76
XVI Profit/(loss) from discontinued operations for the year attributable to:
Owners of the Company (65.12) 179.07
Non-controlling interests (23.84) 19.98
(88.96) 199.05
XVII Total comprehensive income for the year attributable to:
Owners of the Company 10,362.88 8,802.54
Non-controlling interests (1,256.76) 5,882.26
9,106.12 14,684.80
XVIII Earnings per share (for continuing operations) 37 377
Basic (`) 88.32 126.39
Diluted (`) 88.31 126.37
XIX Earnings per share (for discontinued operations)
Basic (`) 37 377 (0.57) 1.73
Diluted (`) (0.57) 1.73
XX Earnings per share (for continuing and discontinued operations)
Basic (`) 37 377 87.75 128.12
Diluted (`) 87.74 128.10
XXI Notes forming part of the consolidated financial statements 1-53
 

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

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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

sd/-

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