` in crores
Particulars | Note | For the year ended March 31, 2017 |
For the year ended March 31, 2016 |
---|---|---|---|
Income | |||
Revenue from operations (gross) | 27 | 30,958.19 | 30,715.33 |
Other income | 28 | 521.95 | 412.83 |
Total Income | 31,480.14 | 31,128.16 | |
Expenses | |||
Cost of raw materials consumed | 29 | 18,993.87 | 19,357.96 |
Change in inventories of finished goods and work-in-progress | 30 | 96.74 | (49.86) |
Excise duty on sale of goods | 2,373.23 | 2,258.21 | |
Employee benefits expenses | 31 | 1,432.49 | 1,339.46 |
Finance costs | 32 | 27.28 | 14.61 |
Depreciation and amortisation expenses | 5 | 502.25 | 443.25 |
Other expenses | 33 | 3,485.89 | 3,411.86 |
Total expenses | 26,911.75 | 26,775.49 | |
Share in profit/(loss) of associates | |||
Share in profit/(loss) of associates | 54.92 | 34.33 | |
Gain on dilution of interest in associate | 262.09 | - | |
317.01 | 34.33 | ||
Profit before tax | 4,885.40 | 4,387.00 | |
Tax expense | 34 | ||
Current tax | 1,082.24 | 960.91 | |
Deferred tax charge | 256.86 | 313.80 | |
Total tax expense | 1,339.10 | 1,274.71 | |
Net profit after taxes and share of profit/(loss) of associates | 3,546.30 | 3,112.29 | |
Other comprehensive income | |||
Items that will not be reclassified to profit or loss:- | |||
Re-measurement gains (losses) on defined benefit plans | (21.58) | (3.62) | |
Income tax benefit | 7.45 | 1.26 | |
Share of Other comprehensive income of Associate, to the extent not be reclassified to profit or loss |
(0.07) | - | |
(14.20) | (2.36) | ||
Items that may be reclassified to profit or loss:- | |||
Exchange differences in translating the financial statements of foreign operations | (6.90) | (1.81) | |
Income tax benefit | 2.39 | 0.75 | |
(4.51) | (1.06) | ||
Total other comprehensive income, net of tax | (18.71) | (3.42) | |
Total Comprehensive income for the year, net of tax | 3,527.59 | 3,108.87 | |
Profit/ (loss) for the year attributable to: | |||
-Owners of the Company | 3,584.27 | 3,141.98 | |
-Non-controlling interests | (37.97) | (29.69) | |
3,546.30 | 3,112.29 | ||
Other Comprehensive income for the year attributable to: | |||
-Owners of the Company | (16.71) | (2.57) | |
-Non-controlling interests | (2.00) | (0.85) | |
(18.71) | (3.42) | ||
Total Comprehensive income for the year attributable to: | |||
-Owners of the Company | 3,567.56 | 3,139.41 | |
-Non-controlling interests | (39.97) | (30.54) | |
3,527.59 | 3,108.87 | ||
Earnings per share (of ` 2 each) in ` | 35 | ||
(a) Basic | 179.49 | 157.34 | |
(b) Diluted | 179.49 | 157.34 | |
See accompanying notes to the consolidated financial statements | 1-47 |
In terms of our report attached
For DELOITTE HASKINS & SELLS
Chartered Accountants
Jaideep Bhargava
Partner
Gurugram
May 10, 2017
For and on behalf of the Board of Directors
Pawan Munjal
Chairman, Managing Director & CEO
DIN- 00004223
Pradeep Dinodia
Chairman- Audit Committee
DIN- 00027995
New Delhi
May 10, 2017
Niranjan Kumar Gupta
Chief Financial Officer
Neerja Sharma
Company Secretary