STATEMENT OF PROFIT AND LOSS
FOR THE YEAR ENDED MARCH 31, 2016

(` in crores)

  Particulars
Note No.
For the year ended
March 31, 2016
For the year ended
March 31, 2015
I Revenue from Operations
20
(a)     Gross sales of products
30,418.66
29,068.24  
          Less: Excise duty
2,258.18
1,717.64  
 
28,160.48
27,350.60
(b)     Sale of services and other operating revenue
 
438.82
234.70  
Net revenue from operations
28,599.30
27,585.30
II Other income  
21
391.12
492.74  
III Total Revenue (I + II) 
28,990.42
28,078.04
IV Expenses:
(a)     Cost of materials consumed 
22
19,321.72
19,783.88  
(b)     Changes in inventories of finished goods and work-in-progres 
23
(6.82)
(29.97)  
(c)     Employee benefits expenses 
24
1,319.56
1,172.87  
(d)     Finance costs 
25
2.15
11.09  
(e)     Depreciation and amortization expenses 
11
441.40
539.97  
(f)     Other expenses 
26
3,517.83
3,116.34  
Total Expenses  
24,595.84
24,594.18
V Profit before exceptional item and tax (III - IV)  
4,394.58
3,483.86
VI Exceptional item - Provision for diminution in value of non current investment (refer note no. 38)  
 
155.04
VII Profit before tax  
4,394.58
3,328.82
VIII Tax expenses 
(a)     Current tax
960.88
898.91  
(b)     Deferred tax
301.33
44.27  
 
1,262.21  
943.18  
IX Profit for the year before share of profit of associate and  minority interest (VII-VIII)  
 
3,132.37
2,385.64
X Share of profit of associate  
27
(a)     before exceptional items
156.86
127.23
(b)     after exceptional items
156.86
119.46


Accompanying notes forming part of the financial statements                                                                                                 1 to 41

In terms of our report attached For and on behalf of the Board of Directors
For DELOITTE HASKINS & SELLS
Chartered Accountants


Pawan Munjal
Chairman, Managing Director & CEO
DIN- 00004223

 
Jaideep Bhargava
Partner
Pradeep Dinodia
Chairman- Audit Committee
DIN- 00027995
Ravi Sud
Sr. Vice President & CFO
New Delhi
May 5, 2016