Consolidated
Statement of Profit and Loss

` 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